 recorded a strong rebound on Monday, June 8, 2026, as bargain hunting lifted equities by ₦514.97bn.){kind=link}
NGX Rebounds as Stocks Add ₦514.97bn
The Nigerian Exchange (NGX) recorded a strong rebound on Monday, June 8, 2026, as bargain hunting lifted equities by ₦514.97bn, pushing market capitalization to ₦156.11 trillion.
The All-Share Index (ASI) rose 0.33% to 243,396.25 points, strengthening the market’s year-to-date return to 56.41%, despite recent volatility that erased over ₦4 trillion in value.
Trading activity surged, with 746.18 million shares exchanged (+22.6%), turnover climbing to ₦58.06bn (+81.3%), and total deals rising to 75,217 (+36.2%), reflecting stronger participation from both institutional and retail investors.
Top gainers included International Energy Insurance (+9.92%), The Initiates Plc (+9.91%), ABC Transport (+9.68%), Abbey Mortgage Bank (+9.63%), and UPDC REIT (+8.91%).
On the losers’ side, Fidson Healthcare (-10.00%) led declines, followed by Academy Press (-9.70%), R.T. Briscoe (-9.43%), Sunu Assurances (-9.38%), and Learn Africa (-8.70%).
Sectoral performance was largely positive, with Oil & Gas (+0.87%), Insurance (+0.62%), Banking (+0.59%), Commodities (+0.37%), and Consumer Goods (+0.10%) advancing. The Industrial Goods Index slipped marginally (-0.003%).
Heavyweight trades drove turnover, with Dangote Cement accounting for ₦29.77bn, more than half of total value traded. FCMB Group was the most active by volume, with 157.8 million shares (21.15% of transactions).
Analysts said the rebound was fueled by renewed buying in fundamentally strong stocks like Oando, MTN Nigeria, Zenith Bank, GTCO, and Aradel Holdings, and expect cautious optimism to persist as investors rebalance portfolios.