Nigerian Equities Market Reaches 245,573 Weekly High

The Nigerian equities market concluded the week ending Friday, 7 August 2026, with a slight upward trend, as strong investor demand for banking and large-cap stocks helped offset broader market sell-offs. The benchmark All-Share Index increased by 0.12%, closing at 245,573.60 points, which lifted the market capitalization to N158.513 trillion and extended the year-to-date return to 57.81%.

Despite ongoing macroeconomic adjustments and profit-taking pressures, the market maintained positive momentum. Total market activity showed mixed sentiment, with 1.518 billion shares worth N26.65 billion traded on Friday, contributing to a total turnover of 5.359 billion shares valued at N139.053 billion across 261,869 deals for the week.

The Financial Services industry led trading by volume, accounting for 64.73% of total equity volume. The Banking Index rose by 2.33%, while several sub-indices, including Insurance and Consumer Goods, experienced declines.

AVA Capital Plc led gainers with a 33.33% increase, while Thomas Wyatt Nigeria Plc saw the largest decline at 26.71%.