Nigerian stocks market surged last week, driven by strong buying in large-cap stocks.
Consequently, the All-Share Index climbed 6.95% to 194,989.77, adding 12,676.69 points.
Moreover, trading activity accelerated, with investors exchanging 7.6 billion shares across 345,118 deals.
Nigerian Stocks Market Surge
As a result, market capitalisation rose 6.95% to ₦125.2 trillion, reflecting gains across sectors.
During the week, 71 equities advanced, while 41 declined and 36 remained unchanged.
Therefore, the month-to-date return increased to 17.91%, and the year-to-date gain reached 25.30%.
On Monday, the ASI jumped 7,968.5 points, surpassing the 190,000 mark for the first time.
Although the market dipped slightly on Tuesday to 189,362.9 points, it quickly rebounded midweek.
Sector Strength
Meanwhile, the NGX Premium Index gained 9.19%, led by First Holdco, Lafarge, Dangote Cement, and MTN Nigeria.
Similarly, the NGX 30 Index rose 6.96%, and the Main Board Index increased 5.60%, showing broad market strength.
In particular, the industrial sector performed strongly, with the NGX Industrial Goods Index up 10.10%.
Specifically, BUA Cement, Lafarge, and Dangote Cement drove this industrial sector surge.
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Additionally, mid- and small-cap industrial stocks gained, as Beta Glass rose 21% and Cutix added 6.18%.
The NGX Oil & Gas Index also grew 8.66%, powered by Aradel, Seplat, JapaulGold, and Eterna.
Furthermore, the consumer, banking, and insurance sectors contributed, rising 6.10%, 5.68%, and 4.73% respectively.
Top weekly gainers included Zichis Agro-Allied (+60.74%), JapaulGold (+60.16%), and Infinity Trust (+59.09%).
Conversely, RT Briscoe (-20.78%), Mecure Industries (-18.99%), and Tripple Gee (-18.80%) fell sharply.
Corporate Moves
Corporate activity strengthened market sentiment, as VFD Group issued a ₦15 billion commercial paper.
Meanwhile, Oando sought NGX approval to list 4.4 billion shares from its rights issue.
Also, JapaulGold commenced test runs at its pilot gold processing plant in Niger State.
Moreover, ARM Investment Managers and SCM Capital distributed funds to investors, boosting trading activity.
Finally, Guinness Nigeria published its financial statements for the year ending December 31, 2025.
Overall, investors actively drove the rally, with large-cap stocks lifting the index higher.
However, technical indicators suggest an overbought market, although selected stocks could sustain further gains.
