Equity
Nigerian Exchange Surges 4% in March, Extends Six-Quarter Rally
The Nigerian Exchange (NGX) ended March 2026 on a high note, rising 4.39% to close at 201,287.8 points, surpassing the 200,000 mark for the first time and marking the fourth consecutive month of gains. Total market value reached N129.2 trillion.
The All-Share Index recorded a quarterly return of 29.35%, with trading volume exceeding 52 billion shares, sustaining a six-quarter growth streak since Q3 2024.
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The Industrial Goods sector led the gains, rising 19.98% with over 498 million shares traded. BUA Cement surged 49.18%, Lafarge Africa increased 9.95%, and Dangote Cement climbed 3.98%. The Oil and Gas sector followed, gaining 7.99%, supported by Aradel (+16.24%), Conoil (+20.95%), and Oando (+19.62%).
However, the Insurance sector fell 9.45%, while Banking and Consumer Goods edged lower by 1.66% and 0.24%, respectively.
On the index front, the NGX 30 Index outperformed with a 4.83% gain, while the NGX Main Board rose 6.48%. Strong performance from major industrial stocks like BUA Cement and Lafarge Africa helped support overall market gains.
This robust performance underscores continued investor confidence, with year-to-date gains of 29.35% and positive quarterly returns maintained since late 2024.
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Nigerian Exchange Surges 4% in March, Extends Six-Quarter Rally
The Nigerian Exchange (NGX) ended March 2026 on a high note, rising 4.39% to close at 201,287.8 points, surpassing the 200,000 mark for the first time and marking the fourth consecutive month of gains. Total market value reached N129.2 trillion. The All-Share Index recorded a quarterly return of 29.35%, with trading volume exceeding 52 billion…