Nigerian stock market surges N905bn as NGX gains 0.57%

Investors added N905 billion to their portfolios as Nigerian equities kicked off the week positively on Monday, May 26, 2026. NGX data revealed market capitalization rose by 0.57% to close at N160.982 trillion, while the All-Share Index advanced 1,412.65 points to settle at 251,125.02. The market's Year-to-Date return improved to an impressive 61.38%, maintaining bullish momentum. Trading activity showed mixed performance with 35 gainers versus 32 losers. Leading gainers included Airtel Africa (up 10% to N3,655.70), International Energy Insurance (9.68% to N3.74), and Sovereign Trust Insurance (9.65% to N2.50). On the downside, McNichols fell 10% to N7.20, followed by Initiates (9.91% decline) and Learn Africa (9.69% drop). Total volume traded decreased by 11.58% to 629.42 million shares valued at N40.91 billion, with Access Corporation leading in volume and Aradel dominating value trading at N11.99 billion. This market surge comes as Nigeria's economy grew by 3.89% in Q1 2026 according to the National Bureau of Statistics.

SOURCE: https://dailypost.ng/2026/05/26/investors-gain-n905bn-at-ngx/