MARKET OVERVIEW & WEEKLY COMMENTARY: WEEK OF 29th JUNE – 3rd JULY 2026
The NGX week of 29 June 3 July 2026 delivered a selective recovery with divergent fortunes across sectors. Airtel Africa PLC dominated the gainers board with a +21.00% surge to ₦5,274.00 the largest single-week gain recorded in this digest for a large-cap name reflecting institutional accumulation in USD-earning, pan-African telecoms names that serve as a Naira depreciation hedge. Regency Assurance PLC rebounded +20.25% to ₦0.95, partially reversing its prior-week -18.56% collapse. UPDC PLC recovered +12.31% to ₦3.65 following its -14.47% prior-week decline. On the decliners side, International Energy Insurance PLC fell -18.83% to ₦4.70, while McNichols PLC reversed its +26.47% prior-week surge with a -18.60% decline to ₦7.00 a textbook mean-reversion pattern. NEM Insurance shed -12.07% and Universal Insurance -12.87%, confirming the insurance sector’s continued two-way volatility.
