The Nigerian stock market recorded a strong rebound last week, closing bullish as investors gained N9.342 trillion.

The Nigerian Exchange Limited had recorded a loss of over N1.8 trillion the previous week following a wave of selloffs that hit the market since the last week of June, 2026.

A breakdown of trading last week shows that the NGX market capitalisation, which reflects the total value of stocks listed on the Exchange, closed at N156.444 trillion.

This is up from N147.102 trillion recorded the previous week.

Similarly, another strong market performance indicator, the NGX All Share Index, ASI, which shows the price movements of all stocks, surged by 6.4 per cent to close at 243,798.76 points.

This is up from 229,240.34 points recorded previously.

The positive performance was largely driven by gains in heavyweight stocks such as Dangote Cement, which rose by 17.51 per cent.

Airtel Africa rose by 10 per cent.

MTNN rose by 8 per cent.

ARADEL rose by 19.67 per cent.

Consequently, the market’s Year to Date, YtD, return strengthened to 56.8 per cent.

Analysts noted that the market maintained its upward trajectory throughout the trading session last week, except for Friday’s trading, as investors continued to rotate funds into fundamentally sound large and medium-cap stocks.

The sustained inflow of funds into blue-chip equities underscores confidence in Nigeria’s stock market despite heightened geopolitical risks in the global economy.

A total turnover of 3.648 billion shares worth N220.568 billion was traded in 251,861 deals last week by investors on the floor of the Exchange.

This is in contrast to a total of 3.821 billion shares valued at N154.393 billion that exchanged hands the penultimate week in 258,567 deals.

The Financial Services Industry, measured by volume, led the activity chart with 2.899 billion shares valued at N147.360 billion traded in 106,603 deals.

This contributed 79.48 per cent and 66.81 per cent to the total equity turnover volume and value respectively.

Note: the source report appears to cut off mid-sentence at “The Services” — let me know if you have the remaining portion to include.