The Nigerian stock market extended its upward momentum on Wednesday, adding N99 billion in investor wealth as sustained buying interest in key large- and mid-cap stocks pushed the benchmark index higher despite a negative market breadth.
The Nigerian stock market closed higher on Wednesday, June 10, 2026, with investors recording a collective gain of N99 billion as sustained buying interest in select large- and mid-cap stocks lifted overall market performance.
Data from the Nigerian Exchange showed that market capitalisation advanced by 0.06 per cent, rising from N156.943 trillion to N157.042 trillion at the close of trading.
Similarly, the All-Share Index (ASI) gained 154.59 points, representing a 0.06 per cent increase, to settle at 244,852.21 points from the previous session’s 244,697.62 points.
The positive performance further strengthened the market’s year-to-date return to 57.35 per cent, underscoring continued investor confidence in equities despite prevailing economic uncertainties.
However, market breadth closed in negative territory as 37 stocks declined against 30 gainers, reflecting broader selling pressure across several counters.
FG142037S2 emerged as the worst-performing stock of the session, shedding 26.67 per cent to close at N95.33. Neimeth Pharmaceuticals followed with a 10 per cent decline to N9.00, while International Energy Insurance fell 9.92 per cent to N7.90 per share.
Other notable losers included John Holt, which dropped 9.73 per cent to N13.45, and Union Homes Real Estate Investment Trust, which declined by 8.56 per cent to close at N70.00 per share.
On the gainers’ chart, Livestock Feeds led with a 10 per cent appreciation to N9.35 per share. Deap Capital Management rose by 9.86 per cent to N5.35, while Abbey Mortgage Bank advanced 9.78 per cent to close at N12.35 per share.
Vitafoam also posted strong gains, rising 8.25 per cent to N210.00, while FTN Cocoa Processors climbed 6.54 per cent to settle at N9.45 per share.
Despite the positive close, trading activity moderated during the session. Total transaction volume declined by 3.47 per cent to 1.23 billion shares valued at N38.84 billion, exchanged in 54,193 deals.
Sterling Nigeria emerged as the most actively traded stock by volume, accounting for 565.33 million shares, representing 46.10 per cent of total shares traded during the session.
In value terms, Aradel led market activity with transactions worth N6.82 billion, contributing 17.55 per cent of the total value traded on the exchange.
Analysts said the market’s resilience, driven by continued interest in fundamentally strong stocks, reflects sustained investor appetite despite pockets of profit-taking across several sectors.
Visit GMTNewsng for more news stories.
