MON MAY 04 2026-theGBJournal| Nigerian stocks rose on Monday to fresh high following their strongest monthly gain, as investors weighed the latest corporate earnings.
Gains in BUACEMENT (+2.6%), STANBIC (+9.7%), GTCO (+3.7%) and DANGSUGAR (+10.0%) drove the benchmark All-Share Index higher by 0.4% to 243,158.97 points.
Consequently, the Month-to-Date and Year-to-Date returns settled higher at +0.4% and +56.3%, respectively.
The total volumes traded declined by 48.3% to 967.47 million units, valued at N43.84 billion, and exchanged in 122,041 deals.
VFDGROUP was the most traded stock by volume at 255.35 million units, while ZENITHBANK was the most traded stock by value at N8.42 billion.
By sectors, the Insurance (+1.3%), Industrial Goods (+1.1%), Consumer Goods (+0.8%) and Banking (+0.4%) indices closed higher, while the Oil & Gas (-0.9%) index pared.
As measured by market breadth, market sentiment was positive (1.3x), as 43 tickers gained relative to 33 losers.
FTNCOCOA (+10.0%) and CAP (+10.0%) led the gainers, while INTENEGINS (-9.8%) and UPDC (-9.2%) recorded the highest losses of the day.
Meanwhile, the official FX rate appreciated by 0.6% to N1,368.00/US$ after weak performance last week when it slipped to a low N1,374.94/US$1.
As of the end of the last week, total FX inflows settled at US$0.52 billion. FPIs accounted for the largest share, contributing US$0.25 billion (47.1%) of total inflows.
The exporters/importers followed with US$0.18 billion (34.9%), while non-bank corporates accounted for US$0.07 billion (14.7%), and other sources (including FDIs and other corporates) accounted for US$0.02bn (3.3%).
On the external front, the CBN’s published gross FX reserves reduced to US$48.37bn as of April 29, 2026, representing a 0.14% w/w decline (US$69.99 million).
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