By Bamidele Famoofo
WorldStage– The year-date-return in the Nigerian Stock Market increased to 55.98 percent in mid-week trading, making the bourse perhaps the best rewarding market for investors in Africa at the moment.
Renewed institutional interest, strong Q1 2026 corporate earnings, naira stability, and portfolio rotation from fixed income to equities as yields fall are some of the reasons driving performance on the bourse.
Nigeria’s market also ranked 2nd globally for dollar returns in early 2026 with a 31 percent gain.
Market breadth strengthened significantly, closing firmly positive with 47gainers against 22 decliners, while 58 stocks remained unchanged. This reflectsa broadly bullish underlying sentiment despite mixed performance across somecounters.
On the sectoral front, the banking and technology sectors dominated tradingactivity, accounting for the highest volume and value of trades. The insurance sector led the market with a solid daily gain of 0.62 percent, emerging as thetop-performing sector.
On the performance chart, AIRTELAFRI and CAP topped the gainers’ table, whileSUNUASSUR led the losers, followed by GUINNESS.
On the corporate front, several companies announced upcoming Annual General Meetings (AGMs).
