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.
Zichis Agro Allied Industries Plc ranked fifth among top-performing stocks in April 2026, delivering a strong 59.56% return on the Nigerian Exchange, with trading volume exceeding 110 million shares.
- The stock started at N13.65 and traded sideways for most of the period, before late buying pressure pushed it above the N13.80 resistance level.
- Momentum built quickly in the final stretch, with the share price closing at N15.60 before rallying to N21.80.
Investor sentiment strengthened after Q1 2026 results showed pretax profit of N241.4 million, up 690% year-on-year, while revenue rose 256% to N420 million.
Overall, from a listing price of N1.81 in January, the stock has surged by over 1,265%, trading above N24 in mid-session on May 5, 2026.
