Post by Proshare (@Proshare)

Nigeria's capital market delivered one of its strongest first-half performances in recent history, demonstrating resilience despite a sharp correction in June. The NGX All-Share Index (ASI) advanced 47.43% to close at 229,419.18 points, while market capitalisation rose to N147.28trn, supported by strong corporate earnings, banking and insurance recapitalisation, robust domestic liquidity, dividend expectations, and sustained institutional participation.

The first four months of 2026 were characterised by a powerful bull run. January opened with renewed investor positioning; February gained momentum on banking recapitalisation; March recorded healthy consolidation; and April emerged as the standout month, with a 20.36% gain, driven by renewed confidence and strong demand for fundamentally sound stocks.

Sentiment turned in June. The migration to a T+1 settlement cycle, revised CBN guidelines for financial holding companies, quarter-end rebalancing, and the SEC intervention against the unauthorised marketing of a purported Dangote Refinery offer combined to pull the index down 8.37% for the month. The correction read as valuation discipline rather than a change in trend.

In this review, we set out the half-year performance across the NGX, NASD and FMDQ, the regulatory reforms that reshaped the market, and the outlook for H2 2026.

Read more: https://proshare.co/articles/nigeria-capital-market-h1-2026-record-rally-market-repricing-and-the-next-phase-of-growth?menu=Market&classification=Read&category=Capital

0 likes · 0 comments · 0 shares