NGX sustains rally with N861bn gain as market cap hits N141.38tn

The Nigerian stock market extended its upward momentum on Wednesday, April 23, 2026, delivering an additional N861 billion gain to investors. Market capitalization increased by 0.61 percent, rising from N140.523 trillion to N141.384 trillion. The All-Share Index advanced by 1,336.39 points (0.61 percent) to close at 219,586.20, up from 218,249.81 in the previous session. Year-to-date returns improved to 41.11 percent with positive market breadth (31 gainers vs 28 losers).

Transcorp Hotels, Vitafoam, UAC of Nigeria, and Chemical and Allied Products led gains, each appreciating by 10 percent to close at N223.30, N143, N121, and N110 respectively. Neimeth Pharmaceuticals topped losers, declining 10 percent to N9 per share. Abbey Mortgage Bank fell 9.85 percent to N5.95, Livingtrust Mortgage Bank dropped 8.94 percent to N3.36, ABC Transport lost 8.65 percent to N5.70, and Haldane McCall slipped 6.23 percent to N3.61.

Trading activity declined during the session, with total volume falling 18.85 percent to 683.68 million shares valued at N36.17 billion across 51,694 deals. First HoldCo emerged as most active stock, accounting for 76.64 million shares worth N5.78 billion (11.21 percent of volume and 15.99 percent of value).

With the market up over 40 percent year-to-date but trading volume weakening, should investors add to positions at current levels or consider taking profits after this sustained rally?

SOURCE: https://dailypost.ng/2026/04/23/ngx-extends-rally-as-investors-record-massive-n861bn-gain/