All-Share Index hits fresh high amid bullish sentiment, despite dip in trading volume…
Nigeria’s equities market extended its upward momentum on April 20, 2026, as the Nigerian All-Share Index climbed 0.44% to close at a record 218,113.84 points, up from its opening level of 217,167.57.
The steady gain comes even as trading activity cooled slightly, with total volume declining to 983 million shares from the 1.2 billion units recorded in the previous session. Despite the dip, investor appetite remained strong, reflecting sustained confidence in the market’s trajectory.
A major milestone was also achieved during the session, with total market capitalization crossing the ₦140 trillion mark for the first time, rising from ₦139.8 trillion to ₦140.4 trillion. Meanwhile, the total value of trades settled at ₦50.7 billion, underscoring continued robust participation in high-value stocks.
Market activity was largely driven by heavyweights. Zenith Bank Plc and Aradel Holdings Plc topped the chart by value traded, while Access Holdings Plc recorded the highest volume with 91.6 million shares exchanged.
Bullish sentiment holds firm
Investor sentiment remained broadly positive, with the market maintaining an impressive year-to-date return of 40.17%. Gains were led by standout performers such as Nigerian Aviation Handling Company and Union Dicon Salt Plc, both of which surged by the daily maximum of 10%.
Other notable gainers included Fidelity Bank Plc, Trans-Nationwide Express Plc, and Access Holdings, reflecting strong buying interest across multiple sectors.
However, the session was not without pockets of profit-taking. Stanbic IBTC Holdings Plc and LivingTrust Mortgage Bank Plc both declined by 10%, highlighting selective sell-offs even within a broadly bullish market.
Banking stocks power the rally
The so-called FUGAZ banking group delivered a solid performance, reinforcing its role as a key driver of the market’s rally. Access Holdings led the pack with a 9.87% gain, followed by United Bank for Africa Plc and First Holdco Plc.
Guaranty Trust Holding Company Plc and Zenith Bank also posted gains, rounding out a strong session for the sector’s heavyweights.
Market outlook
With the index now at its highest level on record, momentum appears firmly on the side of the bulls. Analysts say continued strength in large-cap and banking stocks could propel the market toward the 220,000 mark in the near term.
For now, the combination of strong returns, rising valuations, and sustained investor interest suggests that Nigeria’s stock market rally still has room to run even as intermittent profit-taking keeps the pace in check.
