The Nigerian stock market sustained its upward momentum last week, delivering significant gains to investors as total market value increased by over N1.5 trillion.
The Nigerian Exchange Limited closed the week higher, deepening its recovery and reversing the weakness recorded in November 2025. The improved performance was driven by renewed buying interest across major blue chip and mid tier stocks.
Strong bargain hunting activities were recorded in key counters. MTN Nigeria led the rally with a price appreciation of 13.0 percent. Nigerian Breweries followed with a gain of 9.9 percent, while Dangote Sugar advanced by 11.2 percent. Zenith Bank rose by 2.9 percent and Guinness appreciated by 10.0 percent. These gains collectively pushed the NGX All Share Index higher by 1.6 percent week on week to close at 149,433.25 points, compared with 149,040.08 points recorded in the previous week.
Market capitalisation also expanded significantly, rising to N95.264 trillion from N93.722 trillion in the prior week, reflecting the increased value of listed equities.
As a result of the sustained rally, the Month to Date return improved to 4.1 percent, while the Year to Date return strengthened further to 45.2 percent.
Market activity showed mixed signals during the week. Trading volume declined by 33.9 percent, while trading value recorded a marginal increase of 1.9 percent week on week. Sectoral performance was broadly positive, with the Insurance sector leading gains at 3.4 percent. The Consumer Goods sector rose by 1.1 percent, followed by the Banking sector at 0.4 percent and the Industrial Goods sector at 0.2 percent. The Oil and Gas sector declined slightly by 0.1 percent, emerging as the only sector to close in negative territory for the week.
Global macroeconomic factors, particularly ongoing volatility in crude oil prices, remain key external influences, but domestic liquidity and local institutional behaviours are expected to drive near-term direction”
