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Investors in the Nigerian equity market earned N1.1 trillion at the close of trading last week.
This follows an increase in market value to N157 trillion from N155.9 trillion recorded in the previous week.
Likewise, the All-Share Index (ASI) appreciated by 0.71% to close the week at 244,775.83 points, up from 242,277.81 points recorded in the previous week.
The market performance was supported by the strong performance of stocks such as Cap Plc, Zichis Agro Allied Industries Plc, and FTN Cocoa Processors Plc, which performed credibly by securing their place among the top 10 stocks last week and positioning them as stocks to watch in the new week.
Please note that this is not a buy, sell, or hold recommendation. It is recommended to consult your financial advisor before making any investment decisions.
Limit • 233.70 ▴ 21.20 (9.98%)
The current share price of CAP Plc (CAP) is N233.70. CAP closed its last trading day (Friday, May 8, 2026) at N233.70 per share on the Nigerian Stock Exchange (NGX), recording a 10% increase compared to the previous closing price of N212.50. CAP started the year with a share price of N69.00 and has since gained 239% based on that price assessment, ranking it sixth on NGX in terms of year-to-date performance.
Shareholders can feel optimistic about CAP knowing that the stock has returned 134% over the last four-week period alone—second best on NGX.
CAP was the 87th most traded stock on the Nigerian Stock Exchange over the last three months (4 February – 8 May 2026). CAP has traded a total volume of 65.7 million shares—in 9,510 transactions—worth N7.54 billion during the period, with an average volume of 1.04 million shares (worth N120 million) per session. The highest volume of 10.7 million was reached on April 28, and the lowest volume was 39,151 on March 16, for the same period.
FTNCOCOA • 8.25 ▴ 0.21 (2.61%)
The current share price of FTN Cocoa Processors (FTNCOCOA) is N8.25. FTNCOCOA closed its last trading day (Friday, May 8, 2026) at N8.25 per share on the Nigerian Stock Exchange (NGX), recording an increase of 2.6% compared to the previous closing price of N8.04. FTN Cocoa Processors started the year with a share price of N5.00 and has since gained 65% of that price valuation, ranking it 43rd on NGX in terms of year-to-date performance.
Shareholders can feel optimistic about FTNCOCOA knowing that the stock has returned 59% over the last four-week period alone—eighth best on NGX.
FTN Cocoa Processors was the 39th most traded stock on the Nigerian Stock Exchange over the last three months (4 February – 8 May 2026). FTNCOCOA has traded a total volume of 325 million shares—in 22,941 transactions—worth N2.1 billion during the period, with an average volume of 5.16 million shares (worth N33.4 million) per session. The highest volume of 43.2 million was reached on May 7, and the lowest volume was 823,349 on March 25, for the same period.
ZICHIS • 33.35 ▴ 3.02 (9.96%)
The current share price of Zichis Agro Allied Industries (ZICHIS) is N33.35. ZICHIS closed its last trading day (Friday, May 8, 2026) at N33.35 per share on the Nigerian Stock Exchange (NGX), recording a 10% increase over the previous closing price of 30.33 NGN. Zichis Agro Allied Industries closed its IPO day (January 20, 2026) with a share price of N1.99 and has since risen 1,576% on that price valuation, ranking it first on NGX in terms of year-to-date performance.
Shareholders can feel optimistic about ZICHIS knowing that the stock has returned 140% over the last four-week period alone—best on NGX.
Zichis Agro Allied Industries was the 28th most traded stock on the Nigerian Stock Exchange over the last three months (20 January – 8 May 2026). ZICHIS has traded a total volume of 552 million shares—in 18,046 transactions—worth N6.12 billion during the period, with an average volume of 9.86 million shares (worth N109 million) per session. The highest volume of 69.6 million was reached on January 20, and the lowest volume was 200,000 on January 28, for the same period.
By: Babajide Okeowo
