Snapshot
The Nigerian equities market closed mid-week trading higher on Wednesday, June 10, 2026, extending its recent gains as renewed buying interest in selected large- and mid-cap stocks outweighed broad market weakness.
The benchmark NGX All-Share Index (ASI) rose marginally by 0.06% to settle at 244,852.21 points, up from 244,697.62 points recorded in the previous session. As a result, investors gained N99.15bn in market value, while the market’s year-to-date (YTD) return improved to 57.35%. The bullish performance reflects sustained interest across several large- and mid-cap stocks.
The positive performance was largely driven by bargain hunting in fundamentally strong stocks following recent profit-taking activities. Notable gainers included VITAFOAM (+8.25%), NAHCO (+5.25%), OANDO (+3.60%), UACN (+2.16%), DANGSUGAR (+1.45%), MTNN (+1.27%), STANBIC (+0.58%), and 20 others.
Despite the market’s upward close, investor sentiment remained weak as market breadth settled negative, with 36 stocks recording losses compared to 30 gainers. LIVESTOCK topped the gainers’ chart, while NEIMETH led the decliners. Also, VITAFOAM trades above its 52-week high (N194) at N210.
The Proshare Memorandum Indexes closed bearish, with the market cap-weighted index down 0.21% to 1,477.15 points from 1,480.23 points in the previous session, while the total return float-adjusted index decreased 0.71% to 1,027.75 points from 1,035.15 points.
Volume and Value Contribution
Market activity was down for the day, as total volume traded declined 3.47% to 1.23bn, valued at N38.84bn across 54,193 deals. STERLINGNG recorded the highest volume with 565.33m units traded, accounting for 46.10% of the day’s volume, while ARADEL recorded the highest value at N6.82bn, accounting for 17.55% of the value traded for the day. FCMB and ACCESSCORP accounted for 9.95% and 4.04% of the total volume, respectively, while MTNN and STERLINGNG followed ARADEL in traded value.
NGX Earnings Summary
Corporate Results
No Financial Statement was released on the NGX website today.
NGX Corporate News
- University Press Plc. Earning Forecast – NGX
- Zichis Agro Allied Industries Plc Announces 2bn Non-Equity – NGX
- Learn Africa Plc Notices of Board Meeting – NGX
- R T Briscoe (Nigeria) Plc Notices of Annual General Meeting – NGX
- Abbey Mortgage Bank Plc Directors Dealings – NGX
- Geregu Power Plc Earning Forcast – NGX
- United Capital Plc Directors Dealings – NGX
- Custodian Investment Plc Earning Forcast – NGX
- Champion Brew. Plc Notices of Board Meeting – NGX
- Stanbic IBTC Holdings Plc Disclaimer Notice – NGX
- VFD Group Plc Disclosure on Board Meeting Outcome June 2026 – NGX
- Cutix Plc Directors Dealings – NGX
- Cornerstone Insurance Plc Announcement of The Scheme of Arrangement – NGX
- Seplat Energy Plc Notification of Share Dealing by PDMR – Mr Chris Okeke – NGX
For more analysis of the NGX-listed equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
Conversely, the unlisted NASD Securities Index (NSI) closed bearish today, down 0.12% to 4,330.12 points from 4,335.31 points on Tuesday.
The total volume traded declined to 117,374 valued at N12.17m, across 43 deals.
At the close of trading, the NASD OTC recorded three (3) gainers and three (3) losers.
1.3 Global Indices
The global indices closed lower on Wednesday, with Brazil’s Bovespa leading the losers’ chart with 168,353.64 index points. For more updates on the global scene, click here.
1.4 African Indices
The prices in the African market were relatively favourable today. For the latest data and updates, please click here.
2. Bonds and Fixed-Income Markets
2.1 Debt Market Size
The Debt Market Size was unavailable at the time of publishing this report.
2.2 Overnight and Open Repo (OPR)
The Overnight and Open Repo rates were unavailable while preparing the report.
3.1 AFEX Indices
The AFEX Indices were not available at the time of filing the report. Data on AFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
Most prices at the AFEX Commodity market on Wednesday were unchanged, except Maize, which increased 15.00% to close at N248.38, and Soybeans, which fell 0.40% to close at N783.02. Click here to access more data on AFEX commodity prices.
3.3 LCFE Commodity Price(s)
Eko Gold, Premium Eko Rice, and Eko Rice Classic prices at the Lagos Commodities and Futures Exchange (LCFE) remained unchanged on Wednesday, closing at N140,000.00 per gram, N50,000.00 per 50kg, and N55,000 per 50kg, respectively.
3.4 Global Commodity Prices
In the global commodity market, Gold and Silver declined by 2.28% and 0.35%, respectively, to close at US$4,164.98 and US$65.21. Brent and WTI crude futures increased by 1.42% and 1.80%, respectively, to close at US$92.75 and US$89.79 as of 02:26 PM GMT on Wednesday after U.S. President Donald Trump scolded Iran in a Truth Social post following tit-for-tat strikes between the U.S. and Iran overnight.
The average BDC rate appreciated 0.36% from N1,395/USD to N1,390/USD, while the NFEM rate depreciated by 0.11% to N1,362.05/USD from N1,360.55/USD. For updates on the Nigerian FX Market, kindly click here.
Disclaimer
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