The Nigerian equities market delivered an outstanding performance in April 2026, with total market capitalization rising to N155.9 trillion as the market returned 20.36% over the month.
Opening at 201,287.9 points, as tracked by the All-Share Index, the market advanced on strong trading activity exceeding 16 billion units to close at a record 242,277.8 points.
The rally was driven by solid participation across mid- and large-cap stocks, with April’s traded volume second only to February’s 21 billion units, while surpassing its 16.6% return.
A defining feature of April’s performance was the strong showing of large-cap, trillion-naira companies among top gainers, in contrast to March when mid-cap stocks dominated the top 10.
The market has now sustained a five-month winning streak since December 2025, pushing first-half returns to 55.69% and nearing the 64.51% achieved in the second half of 2020.
Among the stocks that powered the rally, several equities stood out, earning spots among the top 10 best-performing companies for the month.
Trans-Nationwide Express Plc topped the April 2026 performance chart, posting a 125.35% gain on the Nigerian Exchange, with over 16 million shares traded during the period.
- The stock began the month at N2.84, showing no movement in the first week before gradually gaining traction in subsequent sessions.
- By the second week, it advanced to N3.77, then accelerated sharply with a 60.48% jump in the third week as demand intensified.
- The rally peaked in the penultimate week, when the share price broke decisively above N7.90 before receding to a final-week close of N6.40.
This was likely driven by a recovery in Q1 2026 results, with loss before tax narrowing significantly to N34.1 million from N51.4 million, while year-to-date performance showed a 197.67% gain on the NGX.
