The Nigerian Exchange (NGX) closed the week ending July 24 with a market capitalization of N159 trillion, marking a N2 trillion gain driven by sustained institutional buying across core sectors.
The advance underscores a deepening bullish trend in West Africa’s largest equity market, which has seen valuations climb steadily over recent months.
This weekly surge builds on a broader recovery arc that began earlier in the year.
As of June 2026, the top 10 listed companies on the exchange had collectively added N27 trillion in market capitalization, signaling a decisive shift in investor sentiment toward Nigerian equities.
The latest weekly gain of N2 trillion suggests that momentum is broadening beyond the largest caps, with institutional investors increasing exposure across multiple sectors.
The rally comes despite a noted divergence in trading volumes.