NGX gain N192bn despite broader market losses
August 7, 2026 2:14 am
By Jide Ajia
The Nigerian equities market closed higher on Thursday, with investors gaining N192bn as buying interest in selected banking, energy and consumer goods stocks outweighed losses across a broader segment of the market.
The Nigerian Exchange Limited All-Share Index rose by 297.10 points, or 0.12 per cent, to close at 245,209.34 index points, up from 244,912.24 recorded in the previous session.
Similarly, market capitalisation increased from N158.086tn at the opening of trading to N158.278tn at the close, reflecting a gain of N192bn for investors.
Market breadth, however, remained negative as 24 stocks appreciated compared with 35 decliners. The trend highlights continued selective buying amid sustained profit-taking across several counters, with gains in mid-cap stocks sufficient to keep the benchmark index in positive territory.
Buying interest in FCMB Group, Eterna and AVA Capital Partners helped drive the market’s modest rebound, while investors also returned to Honeywell Flour Mills following the previous session’s losses.
On the gainers’ table, Eterna led the pack after appreciating 10 per cent to close at N36.30 per share from N33.00.
AVA Capital Group gained 9.63 per cent to close at N11.95 from N10.90, while Legend Internet appreciated 9.52 per cent to finish at N4.60 per share from N4.20.
FCMB Group surged 8.55 per cent to close at N12.70 from N11.70, while Honeywell Flour Mills gained 7.98 per cent to end the day at N17.60 per share from N16.30.
Conversely, FTN Cocoa Processors led the decliners, dropping 10 per cent to close at N2.52 per share from N2.80.
Ecobank Transnational Incorporated shed 9.99 per cent to drop from N80.10 to N72.10, while Chellarams lost 9.85 per cent to close at N11.90 from N13.20 per share.
Thomas Wyatt Nigeria fell 9.83 per cent to ease from N3.56 to N3.21, while UPDC Real Estate declined 8.45 per cent to close at N3.25 from N3.55 per share.
Meanwhile, bellwether stocks, including MTN Nigeria Communications, Dangote Cement, Seplat Energy, Custodian Investment, Presco and Julius Berger, closed flat for the session as institutional investors maintained focus on mid-cap opportunities.
Jide, a seasoned journalist with over 12-year experience, reports business-related stories
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