The Nigerian equities market started the month on a positive note, with the All-Share Index closing in the green on Monday, 4th May 2026, up 883.71 points to settle at 243,161.52.
- +All-Share Index opens May in green as market value rises to N156 trillion
This represents a 0.36% gain from the previous trading session’s close of 242,277.81, extending the market’s steady upward momentum.
This represents a 0.36% gain from the previous trading session’s close of 242,277.81, extending the market’s steady upward momentum.
Market capitalisation also improved, rising to N156.05 trillion for the first time, with total traded volume recorded at 967.4 million shares.
Among this, Zenith Bank and Aradel led value traded with N8.4 billion and N6.7 billion respectively, while VFD Group topped volume charts with 255.3 million units exchanged.
Trading sentiment remained broadly bullish on 4 May 2026, with the year-to-date return strengthening further to 56%, up from 55.69% ahead of the session.
This suggests sustained investor appetite, as buying momentum continued to outweigh short-term profit-taking across key counters.
In terms of activity, VFD Group dominated volume traded with 255.3 million shares, followed by Access Holdings at 204 million and Fidelity Bank at 79.5 million units.
Value traded was led by Zenith Bank at N8.4 billion, followed by Aradel at N6.7 billion, Access Holdings at N5.2 billion, with MTN Nigeria and GTCO recording N4.7 billion and N3.7 billion respectively.
Among stocks worth over one trillion naira (SWOOTs), performance was mixed, with buying interest concentrated in select names while others faced mild selling pressure.
In the FUGAZ group, sentiment was also uneven, as GTCO gained 3.70% and UBA edged up 0.12%.
However, losses weighed on the rest of the group, with Access Holdings down 5.56%, First Holdco shedding 3.48%, and Zenith Bank easing 0.84% by close.
The All-Share Index’s rise to 243,161.5 marks the highest level ever recorded on the Nigerian equities market, highlighting the strength of the ongoing rally.
At this level, the market appears overbought, raising the possibility of a mild or deeper pullback if selling pressure spreads into large-cap stocks that have driven the recent rally.
