Nigerian Listed Companies Value Jumps by N1.77trn to N127.36trn
The combined value of Nigerian listed companies jumped by N1.77 trillion week on week to N127.36 trillion, according to trading data from the Nigerian Exchange (NGX).
The stock market maintained its upward momentum for a third consecutive week, despite trading only three sessions due to public holidays for Eid al-Fitr on March 19 and 20, 2026.
Gains were driven primarily by strong activity in the industrial goods and banking sectors, according to stockbrokers. The NGX All-Share Index rose 1.39% week-to-date to 201,156.86 points, while market capitalisation increased by the same margin to ₦129.13trn from ₦127.36trn.
Overall, sustained investor participation and sectoral strength supported the bullish trend, highlighting market sentiment’s resilience despite fewer trading days.
Sectoral performance was mixed, with two of five major indices posting gains. Key winners included BUA Cement Plc (+21.00%), Premier Paints Plc (+20.62%), Zenith Bank Plc (+14.64%), Guinness Nigeria Plc (+9.92%), and Ikeja Hotel Plc (+8.33%), alongside other notable gainers in banking, consumer goods, and industrials.
Meanwhile, 43 equities declined, led by Presco Plc (-18.37%), Eterna Plc (-12.77%), and Red Star Express Plc (-9.98%), reflecting weakness in energy, consumer, and industrial sectors.
Overall, the market displayed strong sector-specific rallies but broad-based profit-taking in key heavyweights, driving mixed weekly outcomes.
A total of 8.761 billion shares, valued at ₦267.253 billion, were traded this week by investors on the floor of the Exchange, in contrast to 3.321 billion shares valued at ₦164.845 billion that exchanged hands last week.
The ICT Industry (measured by volume) led the activity chart, with 5.330 billion shares valued at ₦46.825 billion traded in 21,573 deals, contributing 60.84% and 17.52% to the total equity turnover volume and value, respectively.
The Financial Services Industry followed with 2.765 billion shares worth ₦95.892 billion in 75,103 deals. Third place went to the Consumer Goods Industry, with a turnover of 174.484 million shares worth ₦20.805 billion across 20,693 deals.
Trading in the top three equities, namely E-TRANZACT INTERNATIONAL PLC, FCMB GROUP PLC and WEMA BANK PLC (measured by volume), accounted for 6.084 billion shares worth ₦40.661 billion in 5,570 deals, contributing 69.44% and 15.21% to the total equity turnover volume and value, respectively.
Overall, forty-eight (48) equities appreciated in price during the week, up from thirty-four (34) in the previous week. Forty-three (43) equities depreciated in price, lower than sixty-one (61) equities in the previous week, while fifty-seven (57) equities remained unchanged, higher than fifty-three (53) recorded in the previous week.
Market analysts at Futureview Financial Limited expect investors to trade cautiously, focusing on fundamentally strong stocks with attractive valuations. Nigeria’s Balance of Payments Declined by 38% to $4.23bn
