Nigerian Equity Market Surges as Investors Gain 609 Billion in Robust Monday Trading

The NGX All-Share Index grows to 218,113.84 points as Union Dicon and AccessCorp lead gainers. Read the full Monday market report.

By: AXL Media

Published: Apr 21, 2026, 5:33 AM EDT

Source: Information for this report was sourced from Business Hallmark.

NGX Maintains Upward Momentum

The Nigerian equity market kicked off the trading week on a positive note, with the All-Share Index (ASI) appreciating by 0.44%. This growth saw the index settle at 218,113.84 points, up from the previous close of 217,167.57 points. The steady climb reflects continued investor confidence in the resilience of the local capital market amid broader economic shifts. The market capitalization followed suit, rising by N609 billion to close at a total of N140.436 trillion.

Trading Activity and Volume Leaders

A significant volume of activity characterized Monday's session, with 985 million units of shares changing hands across 79,410 deals. The total value of these transactions was pegged at N50.77 billion. The banking and holding company sectors remained the primary drivers of volume. AccessCorp led the pack, trading approximately 91 million units valued at N2.9 billion. FBN Holdings (FirstHoldCo) and Zenith Bank followed, recording trades valued at N4.49 billion and N6.9 billion, respectively.

Balanced Market Breadth and Major Gainers

Despite the overall growth in index value, market breadth remained perfectly balanced, with 35 equities recording price appreciations and 35 declining. Union Dicon emerged as the top gainer, recording a 10% increase to close at N18.15. Other notable performers on the green table included Fidelity Bank, Trans-Nationwide Express, and AccessCorp, all of which saw their share prices grow by 9.80%. These gains highlight a selective but strong appetite for specific blue-chip and mid-cap stocks.