Nigerian Stock Market Hits Record High on March 13, 2026

For the week ending March 13, 2026, the Nigerian stock market experienced a positive trend, with the share index rising by 0.73% to close at 198,407.30 points, achieving a record above the 198,000 mark for the first time. The previous week's close was 196,968.15 points, reflecting a gain of 1,439.15 points.

Despite a decline in trading volume to 3.3 billion shares across 318,907 deals from 3.6 billion shares the prior week, the market breadth showed 34 equities gaining while 61 declined. The year-to-date return for the share index stood at 27.50%, indicating sustained investor interest.

The market opened positively with a 0.12% rise on Monday, faced a brief decline midweek, but regained bullish momentum with a 0.52% gain on Thursday. Key contributors included Zenith Bank (NGX: ZENITHBANK) with a 3.17% gain and BUA Cement (NGX: BUACEMENT), which rallied by 20%.

The NGX Industrial Goods Index rose by 5.73%, while the NGX Insurance Index declined by 4.59%.