The Nigerian Exchange continued its bullish run on May 12, 2026, with the All-Share Index rising by 1,926.1 points to close at a record 252,411.7 points.
The latest performance represents a 0.77 percent increase from the previous close of 250,485.6 points, driven largely by gains in major stocks including Nigerian Breweries and Aradel Holdings.
Investor activity also strengthened significantly during the trading session, with total market volume increasing to 2.02 billion units.
As a result, market capitalisation advanced to N161.6 trillion across 80,888 deals, compared to N160.2 trillion recorded in the previous session.
On the activity chart, Computer Warehouse Group emerged as the most traded stock by volume with 432.8 million shares exchanged.
United Bank for Africa led the value chart with transactions worth N16.7 billion.
Market sentiment remained strongly positive as the year-to-date return climbed to 62.20 percent, improving from 60.97 percent recorded in the previous trading session.
Reflecting the bullish momentum, University Press Plc, UHOMREIT and Ikeja Hotel Plc topped the gainers’ chart after recording the maximum daily appreciation of 10 percent each.
Despite the widespread rally, some stocks still experienced bearish pressure.
Fortis Global Insurance and Custodian Investment Plc led the laggards after declining by 9.65 percent and 9.52 percent respectively.
Further analysis of trading activity showed that UBA traded 407 million shares, while C&I Leasing Plc recorded 152.1 million units.
Access Holdings Plc also posted strong activity with 114.7 million shares traded, while Fidelity Bank Plc recorded a turnover of 90 million shares.
On the value chart, Aradel recorded transactions worth N10.5 billion, while MTN Nigeria and Zenith Bank Plc posted turnovers of N9.1 billion and N7.9 billion respectively.
The latest close marks the highest level ever attained by the Nigerian stock market, extending the exchange’s recovery streak to three consecutive sessions following the 1.23 percent decline recorded on May 7, 2026.
Analysts say the strong rally reflects sustained investor confidence and broad participation across large-cap stocks despite ongoing economic uncertainties.
