Daily Market Report 03-08-2026

The Nigerian equities market began the new trading week on a positive note as buying interest in banking stocks, particularly FIRSTHOLDCO, UBA, ZENITHBANK, GTCO and FIDELITYBK, alongside gains in MTNN, lifted the NGX All-Share Index (NGX-ASI) by 18% to close at 245,730.53 points. Consequently, market capitalisation advanced to NGN158.61 trillion, adding approximately NGN288.44 billion to investors’ wealth, while the market’s year-to-date return improved to 57.91%.