The Nigerian Exchange Limited (NGX) extended its upward trend on Wednesday, April 8, 2026, as the All-Share Index (ASI) advanced by 0.28 percent from 202,023.10 recorded on Tuesday, April 7, 2026, to close at 202,585.53 points.
The positive performance lifted equities market capitalisation from ₦130.01 trillion to ₦130.40 trillion, representing a gain of approximately ₦389 billion in investor wealth.
Market Activity
Trading activity remained strong as investors exchanged a total of 1.01 billion shares valued at ₦40.57 billion in 52,723 deals, indicating sustained liquidity and continued investor participation.
Top Gainers
Market gains were led by TAJSUKS1, which surged by 18.06 percent from ₦83.00 to ₦97.99, reflecting strong demand in the fixed income-linked segment.
Other notable advancers include:
- FGSUK2032S5: +12.18% to ₦109.94
- Universal Insurance Plc (UNIVINSURE): +10.00% to ₦1.21
- Omatek Ventures Plc (OMATEK): +9.78% to ₦2.47
- VFD Group Plc (VFDGROUP): +9.71% to ₦11.30
Top Losers
On the downside, UPDC Real Estate Investment Trust (UPDCREIT) led the losers’ chart, shedding 10.00 percent to close at ₦6.75.
Other decliners include:
- FTN Cocoa Processors Plc (FTGINSURE): -9.92% to ₦1.18
- Deap Capital Management & Trust Plc (DEAPCAP): -9.85% to ₦5.40
- Chams Holding Company Plc (CHAMS): -9.47% to ₦3.06
- Japaul Gold & Ventures Plc (JAPAULGOLD): -8.82% to ₦3.10
Top Trades
Trading activity was dominated by banking stocks, with Access Holdings Plc leading with 232.98 million shares valued at ₦6.06 billion.
Other actively traded stocks include:
- Fidelity Bank Plc: ₦2.17 billion
- Wema Bank Plc: ₦2.69 billion
- Zenith Bank Plc: ₦6.47 billion
- Chams Holding Company Plc: ₦154.55 million
Fixed Income and ETF Market
The bond market remained largely unchanged, with instruments such as ABC2027S0, ADV2031S1B, CIL2028S2, FG5B2028S5 and FGEUR2027S2 closing flat, indicating stable pricing across the segment.
The ETF segment recorded mixed performance. While VETBANK remained unchanged, VETGRIF30, MERGROWTH, VETGOODS and VETINDETF all recorded declines, reflecting mild profit-taking in the ETF space after recent gains.
Market Outlook
The market’s continued upward movement reflects sustained investor confidence and strong liquidity, particularly within the banking sector.
However, mixed performance across equities and ETFs suggests that investors remain selective, balancing accumulation with profit-taking as they monitor macroeconomic developments and near-term earnings expectations.
