The Nigerian equities market held nearly steady on Friday, July 10, 2026, as the benchmark NGX All-Share Index depreciated marginally by 0.065% to close at 243,798.76 points, virtually unchanged from Thursday’s close of 243,958.73 points.
The session saw Guinness Nigeria Plc shed 9.99%, wiping N79.95 billion from the brewer’s market value in a single session, the sharpest blue-chip loss of the day.
Market capitalisation also depreciated marginally by N102.65 billion to close at N156.54 trillion, and the year-to-date return was unchanged at 56.77% after four consecutive sessions of remarkable gains, marking the market’s strongest weekly performance since the June correction began.
The week ended on a very positive note as the benchmark NGX All-Share Index (ASI) advanced by 6.35% week-on-week to close at 243,798.76 points, while market capitalization gained approximately N9.34 trillion to settle at N156.44 trillion.
Trading activity collapsed sharply from Thursday’s extraordinary levels. Total volume fell 73.36% to 441.27 million shares.
Value traded plunged 82.67% to N19.40 billion. The dramatic decline directly reflects the absence of the 1.26 billion First HoldCo shares worth N85.61 billion that dominated Thursday’s session.
Guinness Nigeria’s 9.99% decline to N329.00 was Friday’s most consequential move. The consumer staples counter shed nearly N36.50 in a single session. At N329.00, the stock remains well above its January 2026 opening price — reflecting the extraordinary gains logged across the consumer segment in H1 2026.
However, profit-taking at current levels has been a recurring pattern for Guinness since the June correction began.
The market enters the second week of July with strong momentum, a recovered YTD return above 56%, and a calendar packed with major corporate results. Whether the recovery extends or faces renewed selling will depend significantly on the tone set by the first major Q2 2026 earnings disclosures.
NGX Bull Run is set to continue
