Based on strongest price appreciation and market performance across April trading weeks on the Nigerian Exchange.
Nigeria’s equities market sustained a bullish rally through April 2026, with the NGX All-Share Index gaining over 11% month-on-month, driven by banking, industrial, and consumer goods stocks.
Don’t Miss This: Meet the most influential business owners from Southwest Nigeria
Top 10 performers (April 2026)
1. UACN Plc – surged +42.00%
2. Union Dicon Salt Plc – gained +32.73%
3. Nascon Allied Industries Plc – up +32.63%
4. Trans-Nationwide Express Plc – rose +30.58%
5. Zichis Agro Allied Industries Plc – climbed +25.71%
6. Chemical & Allied Industries Plc (CAP) – gained +24.74%
7 Lafarge Africa Plc – increased +21.36%
8. PZ Cussons Nigeria Plc – advanced +18.81%
9. First HoldCo Plc – up +17.19%
10.Unilever Nigeria Plc – gained +17.13%
Market context
• The rally was led by consumer goods, industrials, and financial services stocks, reflecting renewed investor confidence and earnings strength.
• Banking heavyweights and large-cap industrial firms also supported index growth, reinforcing liquidity and institutional participation.
• Earlier in the month, additional strong performers included Multiverse Mining, UPDC REIT, and International Energy Insurance, indicating broad-based momentum across sectors.
Don’t Miss This: Meet the most influential business owners from Southwest Nigeria
Structural takeaway
April’s profitability concentration followed a clear pattern:Mid-cap and turnaround stocks delivered the highest percentage gains Consumer-facing firms benefited from pricing power amid inflation Financial and industrial names anchored overall market stability The result was a continuation of Nigeria’s 2026 equity expansion cycle, with capital rotating into undervalued and earnings-backed stocks.
Source: Nairametrics
