The Nigerian equities market recorded its fourth consecutive day of gains on Wednesday, June 10, 2026, as buying interest in key stocks such as MTN Nigeria, Vitafoam Nigeria, Livestock Feeds Plc, and Oando Plc helped offset losses across other counters.
The rally added N99.15 billion to investors’ wealth, extending the market’s recovery following last week’s correction.
Market performance
According to trading data from the Nigerian Exchange Group:
- NGX All-Share Index (ASI): 244,852.21 points, up 0.06%
- Previous close: 244,697.62 points
- Market Capitalisation: N157.04 trillion
- Value gained: N99.15 billion
- Volume traded: 1.23 billion shares
- Value traded: N38.84 billion
- Transactions: 54,193 deals
The positive close indicates that investors continue to accumulate fundamentally strong stocks despite ongoing profit-taking in several sectors.
Market sentiment
Although the benchmark index finished in positive territory, market breadth remained negative:
- Gainers: 30 stocks
- Losers: 36 stocks
This suggests that gains were concentrated in a select group of large-cap and mid-cap stocks rather than being broad-based across the market.
As a result:
- Month-to-Date (MTD) return: -2.2%
- Year-to-Date (YTD) return: +57.4%
Top gainers
The session’s best-performing stocks were:
- Livestock Feeds Plc — +10.00% to N9.35
- Deap Capital Management — +9.86% to N5.35
- Abbey Mortgage Bank Plc — +9.78% to N12.35
- Vitafoam Nigeria Plc — +8.25% to N210.00
- FTN Cocoa Processors Plc — +6.54% to N9.45
Top losers
The biggest decliners were:
- Neimeth International Pharmaceuticals Plc — -10.00% to N9.00
- International Energy Insurance Plc — -9.92% to N7.90
- John Holt Plc — -9.73% to N13.45
- UPDC Hotel REIT — -8.56% to N70.00
- The Initiates Plc — -8.42% to N30.45
Most traded stocks by volume
Trading activity was dominated by financial services stocks:
- Sterling Financial Holdings Company Plc — 565.33 million shares
- FCMB Group Plc — 122.39 million shares
- Access Holdings Plc — 49.69 million shares
Most traded stocks by value
The highest-value trades were recorded in:
- Aradel Holdings Plc — N6.82 billion
- MTN Nigeria — N4.50 billion
- Sterling Financial Holdings Company Plc — N4.51 billion
What you should know
The latest gain extends the market’s rebound after the sharp correction that followed the NGX’s transition to the T+1 settlement framework at the beginning of June.
Despite recent profit-taking, investor sentiment remains supported by:
- Strong corporate earnings.
- Banking sector recapitalisation activities.
- Continued domestic institutional participation.
- Attractive valuations in selected sectors.
Analysts note that while the market remains in a long-term bullish trend, investors are becoming more selective, focusing on fundamentally strong companies with solid earnings prospects and dividend potential.
