MTN Nigeria and Aradel Lead Market Value Amid Index Dip

On March 4, 2026, the Nigerian All-Share Index experienced a decline of 0.08%, closing at 196,463.2 points, down from the previous close of 196,621.9 points. This decrease reflects a mild round of profit-taking by investors following recent upward momentum in the market.

Despite this dip, the year-to-date return remains strong at 26%. The trading volume was moderate, with 805 million shares traded across 71,312 deals, a decrease from the 879.9 million shares recorded in the prior session.

The equity capitalization stood at N126.09 trillion. MTN Nigeria topped the turnover chart with N7.07 billion, followed by Aradel with N5.7 billion.

Zenith Bank, GTCO, and Oando also featured prominently in the trading activity. Although the market showed a slight daily decline, it remains bullish in the long term, with expectations of reaching the psychological level of 200,000 points.