Nigerian Stock Market Capitalisation Hits N106 Trillion as Investors Gain N1.66 Trillion

The Nigerian stock market surged to new heights yesterday, closing on a bullish note for the seventh consecutive trading session in 2026. The market’s total capitalisation crossed the N106 trillion mark, driven by gains in key medium and large-cap stocks, reflecting renewed investor confidence in the early part of the year.

The All Share Index (ASI) climbed 2,592.64 points, marking a 1.59% increase to close at 165,837.33 points. This movement added N1.661 trillion to the market’s overall capitalisation, which now stands at N106.182 trillion, signaling a strong start to the year for Nigerian equities.

Leading the market’s growth were heavyweight stocks including MTN Nigeria Communications (MTNN), Eunisell Interlinked, NCR Nigeria, PZ Cussons Nigeria, and Vitafoam Nigeria. Analysts at Imperial Asset Managers Limited expect this momentum to continue cautiously, noting that while large-cap stocks drive overall gains, growth is becoming increasingly stock-specific.

Market sentiment was overwhelmingly positive, with 55 stocks advancing against 13 decliners. Notable gainers included DEAP Capital Management & Trust, eTranzact International, PZ Cussons Nigeria, Caverton Offshore, and MTNN, each rising by 10%. Ellah Lakes and NCR Nigeria also recorded impressive gains of nearly 10% per share. Conversely, Universal Insurance led the laggards with a 6.25% decline, followed by Prestige Assurance and Regency Alliance Insurance.

Despite the bullish trend, trading volume slightly dipped by 1.58% to 1.131 billion units, valued at N33.550 billion across 49,216 deals. Sovereign Trust Insurance shares dominated activity, with 343.543 million units exchanged. Access Holdings and eTranzact also recorded significant trading activity, underscoring selective investor interest across sectors.

source: Leadership