Day: June 29, 2026

The NGX week of 22–26 June 2026 delivered a split market picture: selective blue-chip and financial sector recovery on the gainers side, against continued broad-based selling pressure across small-cap, mortgage, and energy names. McNichols PLC led the gainers at +26.47% to ₦8.60, followed by International Energy Insurance (+14.43% partially recovering from its -28.83% prior-week collapse), and a notable bounce in tier-1 banking names with GTCO surging +10.69% to ₦127.90 and First HoldCo gaining +10.00% to ₦60.50 both reversing their prior-week declines. Airtel Africa extended its momentum with a further +10.00% gain to ₦4,358.80, pushing the stock to a new 2026 high. Zenith Bank’s +4.50% gain to ₦114.95 added further weight to the banking sector recovery narrative. On the decliners side, Trans-Nationwide Express PLC led losses at -26.79% to ₦3.28, while Aradel Holdings shed -19.00% to ₦1,417.50 a significant decline for one of the NGX’s premier energy names as oil prices continued their sharp descent. Abbey Mortgage Bank reversed further with -20.30%, and Consolidated Hallmark Holdings lost -15.97%.