Investors Gain N3.84trn as Nigerian Bourse Nears N104trn
Equity investors gained N3.84 trillion in the Nigerian stock market over a five-trading-session period that lasted until Friday. The local bourse expanded to near N104 trillion in the second trading week in 2026.
Stockbrokers said investor sentiment improved markedly, reflecting a move to take positions in fundamentally sound tickers ahead of the fourth quarter of 2025 earnings release.
The Nigerian Exchange (NGX) All-Share Index closed the week at 162,298.08 points, representing a strong week-on-week appreciation of 3.71%, underscoring renewed confidence among market participants.
NGX market capitalisation rose by ₦3.84 trillion to ₦103.78 trillion from ₦99.94 trillion in the preceding week, pushing the year-to-date return higher to 4.43%.
Market sentiment remained moderately positive, as reflected in a market breadth ratio of 3.82x, with 84 advancing stocks significantly outweighing 22 declining counters.
Trading activity showed mixed dynamics during the week: total deals surged by 64.29%, indicating heightened investor participation. Stockbrokers reported that trading value and volume declined by 47.02% and 30.55%, respectively.
At the close of the trading session, a total of 4.13 billion shares valued at ₦93.24 billion were exchanged across 162,298 deals, highlighting a market characterized by active but selective positioning.
Sectoral performance broadly mirrored the upbeat market mood. The insurance sector emerged as the top performer, advancing by 6.82% week-on-week, according to Cowry Asset Limited’s market report.
This was followed by gains in the Industrial Goods sector (+4.74%), Oil and Gas (+4.70%), and Commodities (+4.58%). The banking and consumer goods sectors also closed the week higher, posting gains of 3.07% and 2.76%, respectively.
On the stock level, several equities recorded impressive rallies during the week.
MULTIVERSE led the gainers’ chart with a remarkable 59.7% appreciation, followed by MCNICHOLS (+53.2%), MAYBAKER (+51.6%), DEAPCAP (+43.5%), and NEIMETH (+43.5%), largely driven by strong accumulation interest.
On the downside, stocks such as ALEX (-19.7%), AUSTINLAZ (-11.6%), SOVRENINS (-11.3%), IKEJAHOTEL (-10.9%), and JULI (-9.9%) recorded the steepest losses, reflecting sustained selling pressure in those counters.
The equities market is expected to remain cautiously positive, supported by improving investor sentiment and selective accumulation in fundamentally strong stocks.
“While mild profit-taking may persist, market direction will largely depend on earnings releases, dividend expectations, and macroeconomic developments. Overall, trading is likely to be driven by value-focused positioning across key sectors”, Cowry Asset told investors. CBN Directs Banks to Refund App Fraud Victim in 48 Hours
