The Nigerian equities market delivered its strongest weekly bullish efficiency thus far in 2026, gaining 6,357.1 factors to shut at 171,727.5, pushed by stable rallies in heavyweight shares.
Tracked by the NGX All-Share Index, the market surged to file highs, breaking 170,000 and 171,000 ranges, gaining 3.84% after two weeks of subdued value motion.
Buying and selling exercise strengthened with the rally, as quantity rose to three.86 billion shares in 240,463 offers from 3.08 billion, whereas market capitalization grew 3.8% to N110.2 trillion.
Market breadth closed optimistic, as 71 shares recorded value appreciation, increased than 44 within the prior week. On the flip facet, 35 shares declined, enhancing from 49 losers beforehand, whereas 42 shares closed unchanged.
Market information factors to a renewed surge in each quantity and costs, signaling stronger investor participation, with year-to-date features now at 10.36% in 2026.
The rally continued by means of the remainder of the week, pushing the index to 171,727.5 factors by Friday’s shut.
The NGX Premium Index drove the rally, gaining 6.80%, supported by robust performances from Seplat (+10.00%), MTN (+8.41%), Dangote Cement (+7.09%), Lafarge Africa (+6.37%), First HoldCo (+4.44%), Zenith Bank (+3.57%), and Entry Holdings (+1.77%).
Different main indices additionally closed increased, with the NGX 30 Index rising 3.83%, whereas the Fundamental Board Index superior 2.25%.
Most sectors closed the week in optimistic territory, led by the NGX Oil & Gasoline Index, which surged 10.88%, pushed largely by a 15.36% bounce in Aradel and a ten.00% weekly acquire in Seplat. Eterna additionally edged increased, up 0.49%.
The highest-performing shares for the week had been:
The week’s worst-performing shares included:
The week featured a flurry of company disclosures, largely centered on FY 2025 earnings releases:
Ecobank, Transcorp Energy, Fortis World Industries, and Skyway Aviation additionally launched efficiency updates for a similar interval.
The robust weekly acquire of three.84% indicators renewed bullish sentiment within the Nigerian equities market, pushed largely by heavyweight shares.
Continued power in heavyweight shares might additional maintain this upward momentum.
