Nigerian Equity Capitalisation Surges by N837 Billion as Key Financial and Mining Stocks Lead Gains

Nigeria's stock market hits N129.8 trillion valuation as Multiverse and UPDC REIT lead gainers. Discover the latest ASI movements and investor trends.

By: AXL Media

Published: Apr 6, 2026, 5:31 AM EDT

Source: Information for this report was sourced from Ripples Nigeria

Local Equities Market Secures Massive Valuation Boost

The Nigerian capital market recorded a significant upward trajectory last week, with total equity capitalisation expanding from N128.9 trillion to N129.8 trillion. This surge of N837 billion reflects a period of renewed investor confidence and active trading across multiple sectors. According to data from the Nigerian Stock Exchange, the All-Share Index climbed to 201,698.89 points, marking a steady recovery as the market moves further into the second quarter of the year.

Real Estate Investment Gains Traction Amid Price Appreciation

The UPDC Real Estate Investment Trust, trading as UPDCREIT, emerged as a central figure in the recent market rally after its share price reached N8.20. Following a 6.5% gain in its most recent session on April 2, the trust has demonstrated a strong year-to-date performance, accruing an 18.8% increase since the start of January. Market data indicates that UPDCREIT remains a highly liquid asset, ranking as the 51st most traded stock over the first three months of the year with a total volume of 255 million shares exchanged.

Mining Sector Volatility Meets Long Term Growth

Multiverse Mining and Exploration Plc provided a striking example of narrative tension within the mining sector, closing at N20.15 per share. While the stock secured a 9.8% gain in its last trading day, its journey has been marked by a sharp 11% loss over the previous four weeks, contrasted against a massive 50.9% gain since the beginning of the year. This performance highlights the high-stakes environment for investors tracking the 39th best-performing stock on the NGX, as reported by Babajide Okeowo.