Nigeria’s stock market is sustaining its bull steroid in the second half of 2026 competing amongst the best performing markets globally. This came after the Nigerian market was rated by Bloomberg as number one globally in terms of capital gains. The Nigerian Exchange (NGX) All Share Index, ASI, Year-to-Date, YtD, as at June 2026, grew by 47.4% to close at 229,419.18 points from 155,613.03 points recorded at the end of the last trading day in December 2025.
Similarly, the investors gained N47.841 trillion YtD (June 2026), as the NGX market capitalisation which represents the total value of stocks listed on the Exchange rose to N147.217 trillion in the first half, H1’26 from N99.376 trillion at the close of the last trading day in December 2025.
Despite the massive pull back in the last week of June to first week in July 2026 which cost the market about N8 trillion, the market has since returned to bullish run in the second half (H1’26) recovering the lost ground.
The investors have gained about N9.022 trillion from the second half of the year to date as the NGX market capitalisation closed yesterday at N156.239 trillion from N148.217 trillion. Also, the NGX ASI surged by 5.6% to close yesterday at 242,366.75 points from 229,419.18 points at the last closing trading day of June 2026.
However, investors are anxiously betting on the outlook in the short to medium term.