In the trading week ended 10 April 2026, the Nigerian All-Share Index gained 2,071.54 points to close at 203,770.43, crossing the 203,000-mark on the back of strong buying in banking and oil and gas stocks.
This reflects a 1.03% increase from the opening level of 201,698.89, with total traded volume reaching 3.3 billion shares valued at N151.9 billion, up from 2.8 billion shares recorded previously.
Market capitalisation also advanced by 1.05% to close at N131.1 trillion, rising from N129.8 trillion in the prior week, with total transactions settled across 229,442 deals.
A total of 25 stocks gained during the week, down from 29 previously, while 54 equities declined from 57, and 67 stocks closed unchanged in price.
What the data is saying
According to trading data, the market operated for four out of five sessions, as Monday was declared a public holiday to commemorate the Easter celebration.
The market closed each trading session in positive territory, beginning Tuesday with a 0.16% gain from 201,698.9 to 202,023.1, and extending gains through the week.
- By Wednesday, the index had added 562.4 points, while Thursday saw it break above the 203,000 mark for the first time, before closing higher at 203,770.4 on Friday.
- Across key segments, the NGX Premium Index rose by 2.26%, driven by gains in Zenith Bank (+8.74%), Seplat (+4.95%), First Holdco (+4.10%), UBA (+2.29%), and Access Holdings (+0.19%).
Similarly, the NGX 30 Index advanced by 1.06%, while the NGX Main Board Index recorded a 0.83% gain, reflecting broad-based market strength.
Sectoral Performance
On the gainers’ side, the NGX Banking Index rose by 5.10%, driven by strong performances in GTCO (+10.66%), Zenith Bank (+8.74%), First Holdco (+4.10%), Stanbic IBTC (+3.68%), UBA (+2.29%), Fidelity Bank (+1.04%), and Access Holdings (+0.19%).
- The NGX Oil and Gas Index followed with a 2.67% gain, largely supported by Seplat (+4.95%) and a modest uptick in Eterna (+0.29%).
- The NGX Consumer Goods Index also advanced by 1.10%, reflecting moderate buying interest across the segment during the week. Similarly, the NGX Industrial Goods Index closed higher, recording a 0.80% gain.
However, on the downside, the NGX Insurance Index declined by 3.64%, weighed down by losses across insurance stocks.
Top Gainers
The top-performing stocks for the week were:
- Trans-Nationwide Express Plc: up 32.75% to N3.77
- Nigerian Exchange Group Plc: up 13.94% to N188.00
- Guaranty Trust Holding Company Plc: up 10.66% to N135.00
- Nascon Allied Industries Plc: up 9.52% to N161.00
- Guinness Nigeria Plc: up 9.38% to N462.90
- Zenith Bank Plc: up 8.74% to N112.00
- Linkage Assurance Plc: up 7.53% to N1.57
- International Energy Insurance Plc: up 6.93% to N3.55
- Honeywell Flour Mills Plc: up 6.75% to N21.35
- Nestlé Nigeria Plc: up 6.36% to N3,249.90
Top Losers
The week’s worst-performing stocks included:
- Daar Communications Plc: down 21.47% to N1.50
- R.T. Briscoe Plc: down 20.00% to N8.40
- Deap Capital Management & Trust Plc: down 16.81% to N5.00
- Ellah Lakes Plc: down 16.67% to N10.00
- Japaul Gold & Ventures Plc: down 16.29% to N2.93
- Sovereign Trust Insurance Plc: down 13.55% to N1.85
- Zichis Agro-Allied Industries Plc: down 11.24% to N12.55
- CWG Plc: down 10.91% to N19.60
- United Capital Plc: down 10.74% to N16.20
- Chams Holding Company Plc: down 10.67% to N3.35
Corporate actions overview
The week witnessed notable corporate disclosures across sectors:
- Zenith Bank released its audited 2025 financial statements, proposing a dividend of N8.75.
- McNichols and International Breweries also published their full-year audited results amid strong beverage sales.
- Zichis announced plans to launch an IPO worth 800 million shares and confirmed the relocation of its corporate office from Ogun State to Lagos.
- Okomu Oil, SCOA, and Chapel Hill’s NREIT also reported their audited 2025 earnings, while Transcorp declared a final dividend worth N16.2 billion and announced its payment date.
What you should know
The NGX Banking sector accounted for the bulk of weekly gains, supported by strong upward movements in tier-one banking stocks, which sustained bullish sentiment across the broader market.
- Seplat played a key role in lifting the Oil and Gas sector, positioning it as the second-best performing segment during the week amid renewed investor interest.
- At 203,770.43, the Nigerian equities market has reached its highest level ever recorded, marking a historic peak across both daily and weekly trading time frames.
