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.
Aradel Holdings Plc placed fourth among April 2026’s top gainers, posting a 60.63% return on the Nigerian Exchange, with total traded volume exceeding 63 million shares.
- Starting the month at N1,260, the stock showed little movement in the opening week, before gradually shifting into an upward trend as buying interest improved.
- Stronger price action emerged later, with the stock breaking above N1,500 in the third week and accelerating past the N2,000 level to settle at N2,024.
The upward move aligned with the release of its unaudited results for the financial year ended December 31, 2025.
The company posted a pre-tax profit of N463.71 billion, representing a 46.5% increase from the prior year, alongside a 20% rise in revenue to N697.30 billion.
Year-to-date, the stock has advanced by 180% and is currently priced above N1,880 as of 5 May 2026.
