Banking stocks drive NGX turnover up 32% to N404.7bn
Nigerian Exchange (NGX) turnover surged 32% to N404.7bn in late July 2026, primarily driven by strong activity in banking stocks despite overall market pro Read More: https://punchng.com/banking-stocks-drive-ngx-turnover-up-32-to-n404-7bn/
The Nigerian Exchange Limited saw a 32% increase in trading volume for the week ending July 31, 2026, reaching N404.762 billion in value. This surge in activity was driven by high liquidity and key corporate listings. Despite this, the NGX All-Share Index experienced a 0.84% decrease to 245,283.68 points and the overall market capitalization dropped 0.79% to N158.326 trillion.
The NGX Premium Index, NGX Insurance Index, and NGX Sovereign Bond Index managed to buck the downward trend by appreciating 0.02%, 1.72%, and 0.27%, respectively. Sectoral performance was largely bearish, with the NGX Growth, NGX MERI Growth, NGX-AFR Bank Value, and NGX Consumer Goods sectors all experiencing notable sell-offs. However, the Financial Services Industry led in sectoral turnover, accounting for 76.55% of the total equity turnover volume and 67.06% of the total value.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
