The Nigerian equities market gained 785.83 points during the Easter week ended April 2, 2026, closing at 201,698.89. This marked a 0.39% rise from the previous week's close of 200,913.06, pushing the total market capitalization of the All-Share Index to N129.8 trillion. Upticks in MTN Group and Guaranty Trust Holding Company (GTCO) were the primary drivers of the growth. Market activity remained low as trading occurred over a shortened week due to the Easter holiday. Volume and turnover figures were not fully disclosed in the available report.
MTN and GTCO propping up the market again shows how reliant the index is on a handful of blue chips. When just two stocks can steer a weekly gain amid thin trading, the market's breadth remains shallow. This concentration limits real investor opportunity and masks underlying stagnation in smaller firms. For most Nigerians, the rally feels distant from everyday economic pressures.
