The Nigerian equities market wrapped up the first quarter of 2026 in the green, rising 29.35% with total trading volume exceeding 52 billion shares, reflecting strong investor participation.
Tracked by the All-Share Index, the market surged 45,674.8 points, climbing from an opening of 155,612.9 to close at 201,287.8, comfortably surpassing the 200,000-point milestone for the first time.
This marked the best quarterly performance since Q1 2024, when the market returned 39.8%, and represented a six-quarter winning streak after a red Q3 2024.
A closer look shows all three months in Q1 2026 ended positively, with February posting the strongest performance at 16.60%, making it the standout month for the quarter.
Although March’s 4.39% return was the lowest in the quarter, it demonstrated resilience, considering trading activity declined to just over 15 billion shares compared to over 21 billion in February.
Here are the top 10 stocks that led the performance table in Q1 2026, with Zichis Agro Allied excluded due to its mid-quarter listing and temporary trading suspension.
Infinity Trust Mortgage ranked 9th among top-performing stocks in Q1 2026, surging 171.43% with about 11 million units traded, closing the quarter at N19.
- The stock opened the quarter at N7, rose to N9 by January’s end, and then jumped 111.11% in February, closing at N19 and contributing the bulk of its quarterly gains, while March remained mostly flat.
- The rally accelerated after January 27, 2026, when the company filed its unaudited results on the NGX, reporting a pre-tax profit of N3 billion, up from N1.7 billion in 2024.
Total turnover climbed to N6.6 billion, a 226% increase, driven largely by interest income from mortgage loans, which totaled N5.5 billion.
Year-to-date, the stock carries a market capitalization of N79.2 billion and remains at N19 in April, with further activity expected following its declared final dividend of 35 kobo, payable on May 26, up from 21 kobo the previous year.
