NGX Market Capitalization Climbs to N155.9 Trillion as Bullish Sentiment Drives N10.6 Trillion Weekly Profit

Nigerian investors earned N10.6 trillion in profits this week as market capitalization hit N155.9 trillion following a major bullish surge on the NGX.

By: AXL Media

Published: May 2, 2026, 5:42 AM EDT

Source: Information for this report was sourced from Ripples Nigeria

A Remarkable Week of Wealth Creation on the NGX

Investors on the Nigerian Exchange, NGX, experienced a highly profitable trading week as market capitalization soared from N145.3 trillion to N155.9 trillion. This massive N10.6 trillion increase occurred despite the market being closed on Friday, May 1, 2026, in observance of the Workers’ Day public holiday. The week was characterized by aggressive buying interest that pushed the All Share Index, ASI, up by 7.33 percent, closing at 242,277.81 points. While the week opened with a significant loss of N1.3 trillion on Monday, a rapid reversal in sentiment during the following three days erased those losses and propelled the market to new heights.

Chronology of a Midweek Market Turnaround

The trading week began on April 27, 2026, with a bearish outlook that saw investors lose significant value by the end of the Monday session. However, the trend shifted dramatically on Tuesday, April 28, with investors raking in N3.3 trillion in just five hours of trading. This momentum accelerated on Wednesday, April 29, as the market recorded its highest single day gain of the week at N5.4 trillion. The bullish streak concluded on Thursday, April 30, with an additional N3.2 trillion in gains, solidifying a week of intense market activity before the May Day break.

Financial Services Sector Dominates Trading Volume

Total turnover for the week reached 4.842 billion shares valued at N287.756 billion, representing a significant increase over the previous week’s activity. The Financial Services Industry remained the primary driver of market liquidity, contributing over 77 percent of the total turnover volume. Investors traded 3.755 billion shares within this sector across 146,938 deals, highlighting its role as the backbone of current market participation. The Consumer Goods and Services industries followed as the second and third most active sectors, though they lagged significantly behind the financial heavyweights in terms of total value and volume.