NGX Market Wrap 12-May-2026 | Plus234Feed
The Nigerian Exchange closed at 252,158.23 points on Tuesday, driven by a broad-based rally that saw four stocks surge 10% and robust trading activity across key counters. Market capitalisation stood at ₦161.61 trillion, with UNILEVER, UPL, UHOMREIT, and IKEJAHOTEL leading gainers while CUSTODIAN experienced the sharpest decline.
The NGX delivered a bullish session on Tuesday, 12 May 2026, underpinned by simultaneous strength across multiple sectors. The day's most striking feature was the synchronised 10% rally in UNILEVER (up ₦15.00 to ₦165.00), UPL (up ₦0.40 to ₦4.40), UHOMREIT (up ₦7.70 to ₦84.70), and IKEJAHOTEL (up ₦3.60 to ₦39.60)—suggesting coordinated institutional positioning rather than isolated strength. This breadth indicates underlying confidence in the market's direction.
Trading activity remained healthy, with 80,888 total deals generating ₦87.71 billion in traded value across 2.03 billion shares. The most-traded list reflects both large-cap and mid-cap engagement: CWG dominated volume at 431.63 million shares, followed by UBA (403.09 million) and CILEASING (152.12 million), signalling sustained retail and institutional participation.
However, the day was not without casualties. CUSTODIAN fell ₦8.55 to ₦81.25 (down 9.52%), while HONYFLOUR declined ₦1.50 to ₦17.00 (down 8.11%)—notable given HONYFLOUR's appearance among most-traded stocks with 72.38 million shares, suggesting profit-taking or sector-specific headwinds. Smaller declines in AIICO, FTGINSURE, and NSLTECH indicated selective weakness in insurance and tech counters.
The market's ₦161.61 trillion capitalisation represents solid investor appetite, though the divergence between gainers and losers warrants close monitoring. Investors should watch whether Wednesday's session sustains this momentum or reverses as profit-taking pressures emerge.
