Banking Stocks Propel NGX Turnover to N404.7bn

For the week ending 31 July 2026, trading on the Nigerian Exchange Limited (NGX) closed with a turnover of N404.762 billion, marking a 32% increase from the previous week. The NGX All-Share Index fell by 0.84% to 245,283.68 points, while the overall Market Capitalisation decreased by 0.79% to N158.326 trillion.

Despite this decline, the market maintained a Year-to-Date return of 57.62%. The Financial Services Industry dominated trading, accounting for 3.918 billion shares valued at N271.428 billion, representing 76.55% of total equity turnover volume.

The top three equities (First Holdco Plc, AVA Capital Plc, and Access Holdings Plc) generated 2.308 billion shares worth N224.773 billion, which accounted for 45.09% of total volume. Market breadth was negative, with 33 gainers and 56 decliners.

Critical Minerals Financing Corp Plc led the gainers with a 22.78% increase, while Associated Bus Company Plc experienced the largest loss at 18.44%.