NGX Market Wrap 31-Jul-2026 | Plus234Feed
The Nigerian Exchange closed at 245,315.26 points on Friday with mixed performance as five stocks gained 8-10% while insurance and logistics sectors retreated. Trading activity remained robust with ₦44.04 billion in value exchanged across 898.7 million shares.
The NGX wrapped a mixed session on Friday, with simultaneous strength in industrial and financial stocks offset by notable weakness in insurance and transportation sectors. The ASI settled at 245,315.26 points as market participants navigated selective opportunities across market segments.
Eterna led gainers with a commanding 10% rally, adding ₦3.00 to close at ₦33.00, signaling renewed interest in industrial stocks. Conhallplc and Regalins matched this performance with identical 10% gains, while Firstholdco added 8.38%—rising ₦10.05 to ₦130.00—suggesting positive investor sentiment toward financial holdings. McHichols contributed 9.52% appreciation, rounding out a strong cohort of five gainers with double-digit or near-double-digit returns.
Conversely, the insurance sector experienced pressure, with FTGInsure declining 10%—falling ₦0.26 to ₦2.34—and Veritaskap retreating 9.49%. Vitafoam, the heaviest loser by absolute value, shed ₦15.00 to close at ₦179.80 (-7.70%), while logistics player Nahco dropped 6.63%, losing ₦11.00. Transportation stock TIP declined 6.67% to ₦28.00 despite commanding 32.4 million shares in trading volume.
Market breadth reflected cautious positioning. Avacap dominated volume metrics with 340.4 million shares traded, though total turnover of ₦44.04 billion spread across 51,495 deals indicated measured activity. Market capitalization held at ₦158.35 trillion.
Monitor insurance sector stability and logistics sector momentum heading into next week's session.
