Nigeria's equities market kept its recovery going for a second straight session on Tuesday, June 23, 2026, adding N1.64 trillion in market value as fresh buying in blue-chip names and insurance counters pushed the benchmark index higher.
Trading data from the Nigerian Exchange (NGX) showed the All-Share Index (ASI) climbing 1.06% to close at 240,743.19 points, up from 238,219.19 points the session before, while market capitalisation rose to N154.48 trillion.
The advance built on Monday's N1.52 trillion gain, a sign that bargain hunters are slowly finding their way back after the recent correction stripped more than N16 trillion off market value in the wake of May's all-time high.
Demand for bellwethers such as Airtel Africa, GTCO, Access Holdings, First HoldCo, Lafarge Africa and Zenith Bank, together with gains across 26 other counters, carried the market upward. The positive close lifted the year-to-date return to 54.71%, up from 53.08% at the prior session.
What the data is saying
Renewed appetite for fundamentally sound stocks across the banking, insurance and industrial sectors anchored Tuesday's rally. Here are the trading highlights:
- All-Share Index: 240,743.19 points, up 1.06%
- Market Capitalisation: N154.48 trillion, up roughly N1.64 trillion
- Volume Traded: 564.91 million shares, up 15.50%
- Value Traded: N39.35 billion, up 7.09%
- Deals: 49,230 transactions, down 22.88%
- Year-to-Date Return: 54.71%
- Market Breadth: 32 gainers versus 23 losers (1.39x)
Top 5 Gainers
- Guinea Insurance (GUINEAINS) — up 10.00% to N1.10
- Airtel Africa (AIRTELAFRI) — up 10.00% to N4,358.80
- International Energy Insurance (INTENEGINS) — up 9.89% to N6.11
- Tripple Gee & Company (TRIPPLEG) — up 9.82% to N3.69
- Cornerstone Insurance (CORNERST) — up 9.76% to N6.75
Top 5 Losers
- Red Star Express (REDSTAREX) — down 9.96% to N24.85
- Premier Paints (PREMPAINTS) — down 9.93% to N30.40
- Trans-Nationwide Express (TRANSEXPR) — down 9.82% to N4.04
- Royal Exchange (ROYALEX) — down 9.38% to N1.45
- Abbey Mortgage Bank (ABBEYBDS) — down 9.29% to N8.30
Top stocks by volume
- Fidelity Bank (FIDELITYBK) — 59.37 million shares
- Zenith Bank (ZENITHBANK) — 49.53 million shares
- Dangote Sugar Refinery (DANGSUGAR) — 43.12 million shares
- Chams Holding Company (CHAMS) — 39.51 million shares
- Access Holdings (ACCESSCORP) — 30.71 million shares
Top stocks by value
- MTN Nigeria (MTNN) — N8.02 billion
- Zenith Bank (ZENITHBANK) — N5.86 billion
- Dangote Sugar Refinery (DANGSUGAR) — N3.12 billion
- Fidelity Bank (FIDELITYBK) — N1.08 billion
- Access Holdings (ACCESSCORP) — N703.63 million
More insights
Tuesday's session leaned heavily on steady accumulation in large-cap names and a revival of interest in insurance counters.
- Airtel Africa was one of the day's biggest movers, hitting the maximum 10% gain to close at N4,358.80 and lending the benchmark index meaningful support.
- Insurance topped the sectoral table, rising 2.84% on the strength of Guinea Insurance, International Energy Insurance, Cornerstone Insurance and Sovereign Trust Insurance.
- Banking stocks stayed in favour, extending Monday's bounce. GTCO added 1.49%, while Access Holdings, First HoldCo and Zenith Bank posted modest gains to leave the banking index 0.18% higher.
- Consumer goods edged up 0.18%, helped by McNichols and International Breweries even as Dangote Sugar and Nigerian Breweries slipped.
- Industrial goods nudged 0.07% higher on the back of Lafarge Africa, while the oil and gas index eased 0.09% as losses in Oando weighed on the sector.
Activity picked up across the board, with both volume and value traded rising, a marker of stronger investor participation. Breadth turned positive too, the 32 gainers against 23 losers pointing to broader buying interest across the market.
What you should know
Tuesday's N1.64 trillion gain is the second straight session of recovery since the correction, and it suggests bargain hunters are easing back into the market.
- The ASI has now climbed back to 240,743.19 points, with the year-to-date return improving to 54.71%.
- Positive breadth points to wider participation in the rebound than in the prior session.
- Banking, insurance and telecom names remain the main engines of market performance.
- Improvement in both volume and value traded signals firmer investor engagement.
Back-to-back gains hint at improving sentiment, though investors are staying cautious as they weigh earnings expectations and the macroeconomic outlook for the second half of the year. The watch now is whether the rebound can hold up against lingering profit-taking and the broader uncertainties still hanging over the market.