Nigerian Equities Market Capitalization Recovers with 837 Billion Naira Gain Amid Shortened Trading Week

The Nigerian Exchange Group market capitalization hits 129.8 trillion naira as the All Share Index rises 0.39 percent during a volatile four day trading week.

By: AXL Media

Published: Apr 4, 2026, 3:49 AM EDT

Source: The information in this article was sourced from Ripples Nigeria

Market Capitalization Stages Noteworthy Recovery

The Nigerian equities market demonstrated resilience this week as investors secured gains totaling 837 billion naira, effectively reversing a slight slump observed in the preceding period. Total market value climbed to 129.8 trillion naira, up from 128.9 trillion naira the previous week, indicating a renewed appetite for risk among domestic and institutional participants. This recovery occurred during a shortened four day trading window, highlighting the significant momentum gathered during the midweek sessions despite a bearish start on Monday.

Volatility Defined by Shifting Bullish Sentiment

Trading activity throughout the week was characterized by sharp fluctuations, with the market opening on a negative note on March 30, 2026, as investors initially lost 276 billion naira. However, the narrative shifted rapidly on Tuesday and Wednesday, which saw combined gains exceeding 1.1 trillion naira. A minor correction occurred on Thursday with a marginal loss of 3 billion naira, followed by a total market closure on Friday in observance of a public holiday declared by the Federal Government for the Easter celebration.

Turnover Patterns and Volume Shifts

Despite the increase in overall market value, the total volume of shares traded saw a decline compared to the previous week. Investors exchanged a total of 2.856 billion shares valued at 113.597 billion naira across 215,287 deals, which was lower than the 3.950 billion shares recorded in the prior seven day period. This reduction in turnover value, down from 201.312 billion naira last week, suggests a more calculated approach from traders as the All Share Index closed the week at 201,698.89 points.