By Boluwatife Oshadiya | April 1, 2026
Key Points
- NGX All-Share Index rises 0.40% to close at 201,287.78
- Market capitalisation increases by ₦515.68bn to ₦129.21tn
- Gains driven by buying interest in medium and large-cap stocks
Main Story
Equity investors on the Nigerian Exchange (NGX) gained approximately ₦516 billion as the All-Share Index rose by 0.40% in Tuesday’s trading session, reversing losses recorded in the previous session.
The benchmark index advanced by 803.35 basis points to close at 201,287.78, while total market capitalisation climbed to ₦129.21 trillion. The rally was largely driven by renewed bargain hunting in select medium and large-cap stocks across key sectors.
Trading activity strengthened, with total volume rising by 44.45% and transaction value increasing by 3.16%. Data from Atlass Portfolio Limited showed that 855.41 million shares worth ₦27.03 billion were exchanged in 53,016 deals.
Wema Bank led trading volumes, accounting for over 20% of total shares traded, while MTN Nigeria dominated value trades, contributing 25.64% of total market turnover.
On the gainers’ chart, Multiverse Mining led with a 9.88% increase, followed by International Energy Insurance and Chams Holding Company. However, market breadth remained negative, with 49 decliners against 20 gainers, led by NPF Microfinance Bank, which dropped 10%.
Sector performance was mixed, with banking and insurance indices declining, while consumer goods, oil and gas, and industrial goods sectors recorded modest gains.
What’s Being Said
“The market rebound reflects selective bargain hunting after recent sell-offs, particularly in fundamentally strong stocks,” said analysts at Atlass Portfolio Limited.
What’s Next
- Investors will monitor Q1 earnings releases for corporate performance signals
- Monetary policy direction may influence short-term market sentiment
- Profit-taking could emerge if gains are not supported by fundamentals
The Bottom Line:
The modest rebound highlights cautious optimism in the equities market, but weak breadth signals underlying fragility and selective investor confidence rather than a broad-based rally.
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