Nigerian Bourse Rebounded as the All-Share Index Jumped 2.23% to 228,579.80 Points; BDC Rate fell to N1,405/US$1
Snapshot
The Nigerian equities market staged a strong recovery on Tuesday, April 28, 2026, as the NGX All-Share Index (ASI) advanced by 2.23% to close at 228,579.80 points, up from 223,602.29 points recorded in the previous session. This rebound effectively erased prior losses, reflecting renewed investor appetite across key counters.
Market capitalisation rose significantly by N3.2trn to settle at N147.17trn, while the year-to-date (YTD) return improved to 46.89%, underscoring the sustained bullish undertone in the market despite recent volatility.
The upward movement was largely driven by strong buying interest in industrial, consumer, and energy stocks, with notable gains recorded in WAPCO (+10.00%), IMG (+10.00%), ARADEL (+9.52%), PRESCO (+9.52%), TIP (+9.27%), BUAFOODS (+8.65%), UACN (+5.63%), VITAFOAM (+5.00%), ETERNA (+4.71%), BUACEMENT (+4.48%), DANGCEM (+3.46%), WEMABANK (+2.94%), NB (+1.72%), GTCO (+1.45%), IKEJAHOTEL (+1.41%), CAP (+1.27%), FIRSTHOLDCO (+1.04%), ZENITHBANK (+0.70%), MTNN (+0.09%), and 20 others.
Overall market sentiment remained slightly negative, as market breadth closed in the red with 40 decliners outweighing 39 gainers. FTNCOCOA, IMG, and WAPCO topped the gainers’ chart while UBA led the decliners. Meanwhile, WAPCO, ARADEL, TIP, and BUAFOODS traded above their 52-week highs at N324.50, N1840.00, N25.35, and N967.00, respectively.
The Proshare Memorandum Indexes closed mixed, with the market cap-weighted index up 2.99% to 1,394.79 points from 1,354.33 points in the previous session, while the total return float-adjusted index was down 0.29% to 994.69 points from 997.60 points.
Investing
Volume and Value Contribution
Market activity was up for the day, with total volume traded advanced 41.51% to 959.45m, valued at N70.42bn across 74,570 deals. ACCESSCORP recorded the highest volume with 243.41m units traded, accounting for 25.37% of the day’s volume, while NESTLE recorded the highest value at N15.27bn, accounting for 21.68% of the value traded for the day. FIDELITYBK and WEMABANK accounted for 6.96% and 5.72% of total volume, respectively, while ARADEL and ACCESSCORP followed NESTLE in traded value.
NGX Earnings Summary
Corporate Results
- Ecobank Transnational Incorporated Q1 2026 Financial Statement – NGX
- Chemical And Allied Products Plc Q1 2026 Financial Statement – NGX
- SFS Real Estate Investment Trust Q1 2026 Financial Statement – NGX
- Fidson Healthcare Plc Q1 2026 Financial Statement – NGX
- Infinity Trust Mortgage Bank Plc Q1 2026 Financial Statement – NGX
- NPF Microfinance Bank Plc Q1 2026 Financial Statement – NGX
- Vitafoam Nig Plc Q2 2026 Financial Statement – NGX
- Haldane McCall Plc Q1 2026 Financial Statement – NGX
NGX Corporate News
- Meyer Plc Dividend Payment Announcement – NGX
- Ellah Lakes Plc (5 May 2026) Annual General Meeting Notice – NGX
- Nascon Allied Industries Plc Resolutions Passed At The Annual General Meeting – NGX
- Sunu Assurances Nigeria Plc Board Meeting Resolution – NGX
- Chemical And Allied Products Plc Q1 2026 Earnings Release – NGX
- Ava Infrastructure Fund Quarterly Report Q1 2026 – NGX
- Okomu Oil Palm Plc Notices Of Annual General Meeting – NGX
- Infinity Trust Mortgage Bank Plc 2026 Feb Board Meeting Resolutions Extract – NGX
- Transcorp Power Plc Resolutions Of The 13th Annual General Meeting – NGX
- Ecobank Transnational Incorporated 1q 2026 Earnings – NGX
For more analysis of the NGX-listed equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
Conversely, the unlisted NASD Securities Index (NSI) closed bearish on Tuesday, down 0.22% to 4,044.96 points from 4,053.97 points on Monday.
The total volume traded increased to 1.30m valued at N27.14m, across 27 deals.
At the close of trading, the NASD OTC recorded one (1) gainer and one (1) loser.
1.3 Global Indices
The global indices were broadly negative on Tuesday, with Brazil’s Bovespa leading the losers’ chart. For more updates on the Global scene, click here.
1.4 African Indices
The prices in the African market were relatively favourable today. For the latest data and updates, please click here.
2. Bonds and Fixed-Income Markets
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
The AFEX Indices were not available at the time of filing the report. Data on AFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
At the AFEX Commodity prices on Tuesday, maize and sorghum increased 15.00% and 1.96%, respectively, to close at N302.82 and N350.00. 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 Tuesday, closing at N140,000.00 per gram, N50,000.00 per 50kg, and N55,000 per 50kg, respectively.
3.4 Global Commodity Prices
In the global commodity market, Gold and Silver fell 2.37% and 3.16%, respectively, to close at US$4,568.92 and US$72.64. Brent and WTI crude futures increased by 9.29% and 3.60%, respectively, to close at US$111.14 and US$99.84 as of 02:14 PM GMT on Tuesday, as stalled efforts to end the Iran war kept the Strait of Hormuz largely closed, constraining Middle East supplies, though the UAE’s announcement that it would leave OPEC and OPEC+ trimmed gains.
The average BDC rate depreciated 0.36% from N1,400/USD to N1,405/USD, while the NFEM rate depreciated by 1.19% from N1,364.24/USD to N1,380.71/USD. For updates on the Nigerian FX Market, kindly click here.
