5 NGX Stocks Analysts Say Could Surge in H2 2026 as Market Pullback Creates Buying Opportunities
The Nigerian stock market entered H2 2026 on a mixed note, following a strong rally that pushed the NGX All-Share Index up by 60.9% year-to-date as of May. However, early June trading introduced a wave of profit-taking, erasing about 3.06% from market capitalization and wiping out nearly ₦4.91 trillion in investor wealth. Despite this short-term setback, analysts say the broader market remains fundamentally strong, with several equities still trading below intrinsic value.
Among the standout names, Access Holdings Plc remains a top banking pick. The stock has delivered solid year-to-date gains of 21.4%, supported by strong earnings growth and undervaluation signals. With analysts estimating more than 100% upside in some forecasts, Access Holdings is being positioned as a key recovery and value play heading into the second half of the year.
In the diversified and telecom segments, Transcorp Plc and MTN Nigeria Communications Plc continue to attract investor attention. Transcorp’s earnings growth and improving business operations have led analysts to project more than 50% upside potential, while MTN—despite recent price dips—still shows strong earnings momentum, with some forecasts suggesting over 20% upside supported by robust subscriber and revenue growth.
The insurance and mid-tier banking space also presents opportunities, with AIICO Insurance Plc and FCMB Group Plc highlighted as undervalued stocks with strong growth trajectories. AIICO is benefiting from steady earnings expansion and remains about 19% below its 52-week high, while FCMB’s earnings performance and low valuation metrics continue to attract bullish analyst ratings, with projected upside of over 30%.
Overall, analysts caution that while the NGX rally has cooled due to short-term corrections, the underlying fundamentals of selected stocks remain strong. With attractive price-to-earnings ratios, improving earnings growth, and positive broker sentiment, these five stocks are being positioned as high-conviction picks for investors seeking resilience and long-term gains in H2 2026.
source: nairametrics