The Nigerian equities market recorded its third consecutive week of gains, with the NGX All-Share Index rising 0.92% to close at 252,113.41 points. This rally, which pushed the year-to-date return to 62.01%, was largely fueled by renewed buying interest following the Central Bank of Nigeria’s decision to cut the benchmark monetary policy rate by 350 basis points. Market capitalization grew by N1.498 trillion to hit N163.655 trillion. Trading volume increased by 45%, with the Financial Services sector leading activity. Notable corporate actions included the delisting of STACO Insurance and a share listing for Neimeth International Pharmaceuticals. Despite a marginal dip in the final session, market breadth remained positive.

Trading activity on the Nigerian Exchange Limited (NGX) surged in the week ended August 14, 2026, with traded volume rising 126.8 percent to 12.153 billion shares valued at N176.06 billion. Despite the spike in turnover, the NGX All-Share Index dipped 1.20 percent to 242,619.20 points as investors engaged in profit-taking. The Financial Services sector dominated, contributing over 92 percent of total volume. Notably, Lasaco Assurance Plc increased its issued share capital to 20.32 billion units following a successful rights issue. Despite weekly moderation, the market maintains a strong year-to-date return of 55.91 percent.

The Nigerian equities market recorded a weekly decline as the All-Share Index shed 0.81% to close at 245,283.68 points, while market capitalization dipped to N158.33 trillion. Despite the weekly pullback attributed to profit-taking in the banking and industrial sectors, the market delivered a strong performance in July, adding approximately N11.11 trillion in investor wealth. The insurance sector stood out as the top performer for the week, bucking the broader trend. Key corporate developments included the listing of AVA Capital on the Main Board and a significant share issuance by Fortis Global Insurance. Market sentiment remains mixed as investors evaluate ongoing half-year earnings and management guidance for the remainder of the year.