Top Performing Nigerian Stocks for the Week Ended March 27, 2026: Zichis Agro-Allied Leads Gains

The Nigerian equities market closed the week ending March 27, 2026, on a slightly negative note, slipping 0.12% to 200,913.06 points. This decline of 243.8 points ended a three-week winning streak, reflecting a cautious mood among investors. Total trading volume also softened to 3.9 billion shares across 359,642 deals, down from 8.7 billion the previous week, while market capitalization edged lower to N128.9 trillion.

Despite the overall dip, sector performance was mixed. The NGX Banking Index recorded the steepest losses, falling 2.47% as FCMB, Zenith Bank, First Holdco, UBA, and Wema Bank all posted declines. Consumer and Industrial Goods sectors also weakened slightly. Conversely, the NGX Insurance Index rose 2.22%, led by Sovereign Trust, Sunu Assurance, and AXA Mansard, while the Oil & Gas Index gained 1.93%, supported by Aradel and Oando.

The market saw three positive sessions out of five. A sharp 2,142.8-point drop on Monday set an early weak tone, but Tuesday’s rebound of 1,691.9 points offered some relief. Gains in the middle of the week were not enough to offset the initial decline, and mild profit-taking on Friday pushed the index slightly lower to 200,913.1, confirming a subdued close.

The week’s standout performers included Zichis Agro-Allied Industries (up 60.72%), Premier Paints (up 60.26%), and John Holt (up 59.92%). Other notable gainers were Legend Internet, McNichols, and Airtel Africa. On the downside, Livestock Feeds (-11.73%), Fidson Healthcare (-9.97%), and Cadbury Nigeria (-9.94%) led the losers, alongside Austin Laz, Learn Africa, and Eterna, highlighting the uneven market recovery.

Investor-focused corporate actions shaped market sentiment during the week. Zichis Agro-Allied resumed trading after a month-long suspension, Legend Internet merged with Spectranet targeting an N80 billion capital base, while Unilever, SFS REIT, and CWG released audited financial statements. Despite strong gains in Oil & Gas and Insurance, the market closed the week slightly down, emphasizing the need for cautious optimism as investors navigate mixed sector trends.

source: Nairametrics