We specialize in assisting a diverse clientele base, which includes: Government Agencies, High Net worth Individuals, Multi – Nationals, Insurance Companies and Small savers. ASL manages such funds to achieve a maximum return with a minimum risk through efficient portfolio diversification.
The Nigerian Equity market opened trading activities for the week in negative territory, as key market performance indicators (the NGX-ASI and Market Capitalization) both declined by 1.59%. The market extended the bearish trend from the previous week as cautious investor sentiment persisted, prompting continued profit-taking in mid-cap and blue-chip stocks such as MTNN, WAPCO, ZENITHBANK, DANGSUGAR, and others, resulting in sharp losses across all major market sectors. Specifically, the market index (All-Share Index) fell by -3,682.70 basis points in today’s trading session, indicating a -1.59% decline to close at 228,366.32, while Market Capitalization fell by ₦2,363.17 billion, representing a decline of -1.59%, settling at ₦146.54 trillion.
However, market activities were up today as the Total Volume of trades and the Total Value traded increased by 156.37% and 137.27% respectively. Approximately 996.47 million units valued at ₦43,729.50 million were transacted across 61,813 deals. As regards volume, IKEJAHOTEL generated 28.98% to emerge the most traded, followed by ACCESSCORP (27.50%), STERLINGNG (3.16%), CHAMS (2.91%), and DANGSUGAR with 2.79%. On value traded, IKEJAHOTEL generated 29.66% of the total value of trade, thereby making it the highest traded on the exchange.
Meanwhile, on the best performers’ chart, UPDC led by generating +9.23%, then trailed by CNIF (+5.45%), SOVRENINS (+4.08%), CORNERST (+3.45%), NEIMETH (+3.03%), LIVESTOCK (+1.92%), and seven others. A total of forty-six (46) stocks depreciated. With a price depreciation of -10.00% each, LEARNAFRCA, MTNN, and UNILEVER topped the worst performers’ chart, followed by AUSTINLAZ (-9.94%), ABBEYBDS (-9.94%), UNIVINSURE (-9.90%), ETRANZACT (-9.83%), and CADBURY (-9.82%). Hence, the market breadth closed on a negative note, as there were 13 gainers and 46 losers.
Finally, the market sectoral performance was negative today as all five major market sectors declined. The Insurance sector led by -1.33%, followed by the Banking sector (-1.22%), the Consumer Goods sector (-0.63%), the Industrial Goods sector (-0.39%), and the Oil & Gas sector (-0.06%).
Following the recently released data by NBS, the country’s GDP stood at 3.89% in Q1’2026, marking a 18bps decline from the 4.07% recorded in Q4’2025. However, on a year-on-year basis, the growth rate in the first quarter of the year reflects a 78bps improvement compared to the 3.13% posted in Q1’ 2025.
Sectoral GDP Dynamics: Oil vs. Non-Oil
The non-oil sector contributed 96.08% to total GDP in Q1’2026 a decline from 97.13% in Q4 2025, but higher than 96.03% recorded in Q1 2025. Conversely, the Oil sector’s contribution increased by 1.05% to 3.92% in Q1’2026, from 2.87% in Q4 2025, but dropped by 0.05% when compared to 3.97% contributed in Q1’2025, due to reduction in crude oil production compared to the previous quarter. Furthermore, in terms of growth, the Oil sector receded by 4.22% points, recording a growth rate of 2.57% in Q1’2026, compared to 6.79% in Q4’2025. Likewise, the non-oil sector recorded real GDP growth of 3.94%, down by 0.05% points compared to 3.99% in Q4’2025.
The country’s crude oil production averaged 1.55mbpd in Q1’2026, which was lower than the daily average crude oil production of 1.62mbpd recorded in the same quarter of 2025, and 0.03mbpd lower than the Q4’2025 production volume of 1.58mbpd.
Mixed Narrative in the Agricultural Sector
Agricultural sector posted a real growth rate of 3.15% in Q1’2026, a decline of 85bps from 4.00% growth recorded in Q4’2025. However, the sector’s performance expanded by 3.08% points when compared to Q1’2025, when it grew by 0.07%. The 85bps decline from the 4.00% growth recorded in Q4’2025 is a typical seasonal phenomenon in Nigerian agriculture. Q4 marks the peak main harvest season across the country, where crop production maximizes output, whereas Q1 marks the dry season and planting cycle, resulting in lower output momentum. In addition, the sector contribution to the GDP dropped, standing at 23.16% in Q1’2026, which was 550bps lower than 28.66% recorded in Q4’2025.
