NGX ROUNDUP: Bullish sentiments persist as investors rake in N10.6tr profit in four days

Investors gained N10.5 trillion as the equity market’s capitalisation boomed in the just-ended trading week.

The market gained in four trading sessions as the federal government declared Friday, May 1, 2026, as a public holiday to commemorate the 2026 Workers’ Day Celebration.

Market value increased to N155.9 trillion from N145.3 trillion recorded last week, while the All-Share Index (ASI) appreciated by 7.33% to close the week at 242,277.81 points, up from the 225,722.49 points recorded the previous week.

The Nigerian equities market began the week on Monday, April 27, 2026, on a bearish note, with investors losing N1. 3 trillion by the end of the trading session.

The trend was reversed on Tuesday, April 28, 2026, as investors gained N3.3 trillion in five hours.

The bullish trend persisted on Wednesday, April 29, 2026, as investors gained N5.4 trllion at the close of trading.

The market closed positively on Thursday, April 30, 2026, as investors gained N3,2 trillion.

The market was closed on Friday, May 1, 2026, due to May Day Celebrations.

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Meanwhile, a total turnover of 4.842 billion shares worth ₦287.756 billion in 332,453 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.805 billion shares valued at ₦213.955 billion that exchanged hands last week in 297,202 deals.

The Financial Services Industry (measured by volume) led the activity chart with 3.755 billion shares valued at ₦124.398 billion traded in 146,938 deals: thus contributing 77.56% and 43.23% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 177.009 million shares worth ₦30.853 billion in 36,609 deals.

In third place was the Services Industry, with a turnover of 176.809 million shares worth ₦4.387 billion in 15,310 deals.

Trading in the top three equities, namely Access Holdings Plc, United Bank for Africa Plc and Wema Bank Plc (measured by volume), accounted for 2.026 billion shares worth ₦60.036 billion in 39,925 deals, contributing 41.85% and 20.86% to the total equity turnover volume and value respectively.

Fifty-two (52) equities appreciated in price during the week, higher than forty-six (46) equities in the previous week. Fifty-three (53) equities depreciated in price, same as fiftythree (53) equities in the previous week, while forty-one (41) equities remained unchanged, lower than forty-seven (47) recorded in the previous week.

Zichis Agro Allied Industries Plc recorded the biggest share price increase in percentage, gaining 39.62% followed by The Initiates Plc, which increased its share price by 33.04% in the process.

UACN Plc also increased its share price by 27.82%

On the flip side, United Bank For Africa Plc recorded the biggest share price decline in percentage, losing 22.27% followed by Royal Exchange Plc, which decreased its share price by 20.00% in the process.

Trans-Nationwide Express Plc also shed its share price by 18.99%.

By: Babajide Okeowo

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