The Nigerian Exchange (NGX) All-Share Index closed the first week of May 2026 on a positive note, rising 1.03% to settle at 244,775.83 by May 8, 2026, with market capitalization increasing to N157.09 trillion. The market showed continued bullish sentiment, hitting all-time highs as of early May.
The market experienced a massive reversal, driven by increased investor confidence and a significant increase in market value compared to the previous week.
Weekly Performance Overview May 4 – May 8, 2026: Closing Value: 244,775.83 (as of May 8, 2026. Weekly. The trend is Positive, with the index sustaining a strong, high-volume upward trajectory driven by local investment. The Market Capitalization also reached approximately ₦157.09 trillion, reflecting high investor demand. The 108,261.47 – 245,648.10, demonstrated significant year-over-year growth.
The market continues to be dominated by local investors, with strong performance in both high-cap and select small-cap stocks. The oil share index has shown notable strength recently. Recent active trading was observed in stocks like CADBURY, BERGER, and BUACEMENT, which experienced notable price movements early in the week. The market experienced a massive reversal, driven by increased investor confidence and a significant increase in market value compared to the previous week.