Mortgage and financial stocks led gains on the Nigerian Exchange (NGX) in the week ended June 11, 2026.
The performance helped to lift market capitalisation to nearly ₦157 trillion despite losses in several heavyweight consumer and industrial stocks.
As a result, the NGX All-Share Index (ASI) rose by 0.88 per cent to close at 244,738.74 points, while market capitalisation gained ₦1.37 trillion to settle at ₦156.97 trillion.
A review of NGX data shows the rally was driven by strong buying interest in several mid-tier and financial stocks.
Associated Bus Company emerged as the week’s best-performing stock with a 25.6 per cent gain, while Consolidated Hallmark Holdings advanced by 23.13 per cent.
Mortgage lenders also attracted significant investor demand, with Abbey Mortgage Bank rising 21.93 per cent and Infinity Trust Mortgage Bank gaining 20.32 per cent.
Other notable gainers included Austin Laz & Company, The Initiates Plc, FTN Cocoa Processors, NEM Insurance, First Holdco and Oando, all of which posted double-digit returns during the week.
The strong performance of financial stocks was also reflected in sector indices.
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The banking index rose by 0.95 per cent, while the insurance index recorded the strongest sectoral gain, appreciating by 1.63 per cent. The oil and gas index also advanced by 0.50 per cent.
Investor activity remained robust throughout the week despite the shortened trading period.
Total turnover volume increased by 25.16 per cent to 4.96 billion shares, while the value of transactions climbed by 18.14 per cent to ₦207.52 billion.
Financial services stocks dominated market activity, accounting for 82.92 per cent of total traded volume and 40.77 per cent of total transaction value, underlining sustained investor appetite for the sector.
However, the rally was not broad-based as a total of 53 stocks recorded losses compared to 40 gainers, suggesting that investors were selective in their stock picks.
Among the biggest losers were Fidson Healthcare, which fell 25.86 per cent, Neimeth International Pharmaceuticals, down 19.34 per cent, and UH Real Estate Investment Trust, which lost 17.36 per cent. Other notable losers included Unilever Nigeria, Okomu Oil Palm and Guinness Nigeria.
Pinnacle Daily reports that the week’s performance suggests investors continue to favour banking, insurance and selected energy stocks, helping to push the market higher even as profit-taking and sector-specific pressures weighed on a larger number of equities.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X