NGX Market Wrap 24-07-2026 | Plus234Feed
The Nigerian Exchange closed at 247,289.76 points with mixed trading as bargain hunters balanced sectoral weakness across agriculture and financial services. Total market capitalization stood at ₦159.5 trillion, supported by robust trading activity worth ₦29.9 billion across 53,688 deals.
The NGX delivered a nuanced performance on Friday, July 24th, 2026, with selective buying activity offsetting notable losses in key sectors. The ASI closed at 247,289.76 points, reflecting market consolidation as investors navigated mixed signals across different segments.
Gainers demonstrated broad-based strength, led by CNIF's impressive 10.00% rally—adding ₦11.60 to reach ₦127.60—suggesting renewed appetite for select equities. CILEASING and CORNERST followed with 9.48% and 9.09% gains respectively, while HONYFLOUR's 7.38% climb indicated some strength in the food and beverage space. These moves suggest tactical repositioning rather than sector-wide momentum.
However, losses were more pronounced and concentrated. FGSUK2033S6 plunged 13.79%, shedding ₦15.99, while PRESCO suffered a sharper blow, declining 10.00% or ₦230.00 to ₦2,070.00—signaling weakness in the agricultural sector. THOMASWY and LIVINGTRUST followed suit with losses exceeding 7%, indicating investor caution in specific pockets.
Trading activity remained respectable, with ACCESSCORP dominating volume at 123.7 million shares, followed by banking heavyweights UBA and Zenith Bank. This concentration in tier-1 stocks underscores defensive positioning, as retail and institutional investors favored liquidity and established names amid sectoral uncertainty.
Market capitalization of ₦159.5 trillion and deal volume of ₦29.9 billion reflected steady participation, though the mixed direction suggests investors are awaiting clearer directional cues before deploying fresh capital.
Watch for banking sector momentum and sectoral rotation signals in the next session.
