Nigeria Capital Market Gains N60 Trillion in Five Months as Investor Confidence Soars
The Nigerian capital market has delivered a stunning performance in 2026, recording a massive wealth surge of over N60 trillion in just five months, driven by strong corporate earnings, rising investor participation, and improved liquidity across the board. The rally has placed renewed attention on the market’s sustainability as investors enjoy one of its strongest bullish runs in recent history on the Nigerian Exchange Limited (Nigerian Exchange Limited).
Market data shows that the total capitalisation opened the year at N99.937 trillion and climbed sharply by N60.121 trillion to N160.094 trillion as of Tuesday—representing a remarkable 60.2% increase. In the same period, the All-Share Index also surged by 93,246.48 points, rising from 156,492.36 to 249,738.84 points, reflecting broad-based optimism across listed equities.
The rally was powered by strong performances across multiple sectors, with industrial and conglomerate stocks leading the charge. Top gainers included John Holt Plc, Red Star Express Plc, and McNichols Plc, which all posted triple-digit percentage growth. Banking stocks also joined the momentum, with Zenith Bank Plc more than doubling in value, while Access Holdings Plc and United Bank for Africa Plc recorded steady gains amid sustained investor interest.
In the broader market, oil and gas, healthcare, insurance, consumer goods, mining, aviation, and technology sectors all contributed to the bullish sentiment. Stocks such as Aradel Holdings Plc, Fidson Healthcare Plc, ABC Transport Plc, and Multiverse Mining and Exploration Plc recorded strong appreciation, highlighting widespread investor appetite for fundamentally sound companies across diverse industries.
Despite the impressive rally, analysts warn that rising political and macroeconomic uncertainties could trigger a market correction in the coming months. However, market operators remain optimistic, citing strong corporate earnings expectations, improved liquidity, and continued investor repositioning as key drivers that could sustain the momentum in the near term.
source: The guardian