Nigerian Bourse Extended Bullish Momentum on Wednesday Following FTSE Russell Update; BDC Rate Depreciated to N1,405/US$1
Apr 08, 2026 • by Proshare Research • Source: Proshare • 
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The domestic bourse extended a bullish trend on Wednesday, April 8, 2026, after FTSE Russell announced returning the country’s equities to frontier market status. The uptick was supported by gains in foreign-listed companies like SEPLAT (+4.95%), GTCO (+3.20%), prospecting like ZENITHBANK (+5.83%), and others like NGXGROUP (+3.65%), STANBIC (+2.22%), NASCON (+2.04%), UBA (+1.11%), CWG (+9.64%), NAHCO (+0.03%), and 13 others. As such, the benchmark All-Share Index (ASI) increased 0.28% to settle at 202,584.88 points, up from 202,023.10 points on Tuesday.
Total market capitalisation increased by N389.53bn to close at N130.40trn, while the ASI year-to-date (YTD) return stood at 30.19%. However, market breadth tilted towards the bears, with 39 decliners against 22 gainers. UNIVINSURE topped the gainers’ chart, while UPDCREIT led the decliners. Meanwhile, SEPLAT traded above its 52-week high at N9,550.00.
The Proshare Memorandum Index also closed bullish, with the price-weighted return up 0.82% to close at 1,252.97 points from 1,242.74 points in the previous session, while the float-adjusted return increased by 1.79% to settle at 909.38 points, up from 893.36 points.
Volume and Value Contribution
Market activity was down for the day, with total volume traded down 12.64% to 1.01bn, valued at N40.57bn across 52,723. ACCESSCORP recorded the highest volume, with 232.98m units traded, accounting for 23.14% of the day’s volume, while ZENITHBANK recorded the highest value, at N6.47bn, accounting for 15.94% of the value traded for the day. FIDELITYBK and WEMABANK accounted for 11.23% and 10.26% of total volume, respectively, while ACCESSCORP and GTCO followed ZENITHBANK in traded value.
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NGX Earnings Summary
Corporate Results
No Financial Statement was released on the NGX website today.
NGX Corporate News
- Zichis Agro Allied Industries Plc Notice Of Annual General Meeting – NGX
- Caverton Offshore Support Group Plc Press Release – NGX
- Sunu Assurances Nigeria Plc Notification Of Change Of Board Meeting Date – NGX
- Dangote Cement Plc Directors Dealings – NGX
- Meyer Plc Notices Of Annual General Meeting – NGX
- Lafarge Africa Plc Notices Of Annual General Meeting – NGX
- Consolidated Hallmark Holdings Plc Corporate Action Announcement – NGX
For more analysis of the NGX-listed equities, click here.
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1.2 NASD OTC Exchange – Unlisted Equities
The unlisted NASD Securities Index (NSI) was unavailable when this report was finalised.
1.3 Global Indices
The global indices closed higher on Wednesday, with Brazil’s Bovespa leading the gainers’ chart. For more updates on the Global scene, click here.
1.4 African Indices
The prices in the African market are relatively favourable today. For the latest data and updates, please kindly click here.
2. Bonds and Fixed-Income Markets
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2.1 Debt Market Size
The Debt Market Size was unavailable at the time of publishing this report.
2.2 Overnight and Open Repo (OPR)
The Overnight and Open Repo rates were unavailable while preparing the report.
3.1 AFEX Indices
On Wednesday, at the AFEX market, ACI and AEI closed flat at N40.68 and N32.22, respectively. Data on AFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
On Wednesday, commodities at the AFEX Market were unchanged, but maise increased by 0.35% to close at N353.67. Click here to access more data on AFEX commodity prices.
3.3 LCFE Commodity Price(s)
Eko Gold, Premium Eko Rice, and Eko Rice Classic prices at the Lagos Commodities and Futures Exchange (LCFE) remained unchanged on Wednesday, closing at N140,000.00 per gram, N50,000.00 per 50kg, and N55,000 per 50kg, respectively.
Nigeria economic insights
3.4 Global Commodity Prices
In the global commodity market, Gold and Silver rose 2.62% and 6.43%, respectively, to close at US$4,782.41 and US$76.51. Brent and WTI crude futures declined 15.39% and 17.80%, respectively, to close at US$92.45 and US$92.85 as at 02:16 PM GMT on Wednesday, after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran, subject to an immediate and safe reopening of the Strait of Hormuz.
The average BDC rate depreciated 0.36% to N1,405/USD from N1,400/USD, while the NFEM rate closed at N1,386.66/USD on the last market day. For updates on the Nigerian FX Market, kindly click here.
05/USD from N1,400/USD, while the NFEM rate closed at N1,386.66/USD on the last market day. For updates on the Nigerian FX Market
