The Nigerian equities market closed April 2026 on a strong bullish note, with investors recording massive gains of N26.487 trillion amid sustained buying interest in fundamentally sound stocks.
Data from the Nigerian Exce Limited shows that market capitalisation surged to N155.696 trillion at the end of the month, up significantly from N129.209 trillion recorded in March. This marks the highest level achieved so far in 2026, reflecting renewed investor confidence in the market.
Similarly, the NGX All Share Index rose sharply by 20.13 percent to close at 241,815.32 points, compared to 201,287.78 points in the previous month. The rally was largely driven by institutional investors targeting high capitalisation stocks with strong earnings potential, even in an inflationary environment.
A breakdown of trading activities revealed increased market participation. Total turnover for the week stood at 4.842 billion shares valued at N287.756 billion across 332,453 deals, representing a notable rise from the previous week’s performance.
Sectoral analysis showed that the Financial Services industry dominated trading by volume, accounting for over three quarters of total transactions. The Consumer Goods and Services sectors also recorded significant activity, highlighting broad based investor interest.
Top traded equities included Access Holdings Plc, United Bank for Africa Plc and Wema Bank Plc, which jointly accounted for a substantial portion of total volume and value traded during the period.
On the global front, rising crude oil prices further supported positive sentiment. Brent Crude Oil climbed to 114.16 dollars per barrel, driven by geopolitical tensions in the Middle East and supply disruptions around the Strait of Hormuz.
Market analysts note that sustained high oil prices are beneficial to Nigeria’s revenue outlook and tend to boost investor confidence, particularly in energy related stocks. As a result, the bullish momentum in the equities market may continue in the near term, provided macroeconomic conditions remain supportive.
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