SWOOT Stocks Rally by ₦27.4tn as Nigerian Exchange Surges in Q1 2026
SWOOT stocks on the Nigerian Exchange achieved a combined capital gain of ₦27.4 trn in Q1 2026. This represents a 33.8% increase from the quarter’s opening market cap of ₦85.9 trn. Overall market value rose from ₦99.4 trn to ₦129.2 trn, adding ₦29.8 trn. The SWOOT category—companies with market caps above ₦1 trn—numbered 24 as of March 2026. MTN Nigeria, BUA Foods, Dangote Cement and BUA Cement led the group. New entrants Ecobank and Wema Bank contributed ₦547.5 bn, while Fidelity Bank and Dangote Sugar Refinery exited after failing to meet valuation thresholds. MTN Nigeria topped individual gains with a ₦5.23 trn boost. Nigerian Breweries recorded the largest decline, down 3.05%. Industrial goods led sector growth with ₦9.79 trn, followed by telecoms (₦6.1 trn) and oil & gas (₦4.5 trn). SWOOT stocks accounted for 92% of total market gains. Smaller-cap stocks outperformed, posting up to 300% returns. Investors may balance large-cap stability with small-cap growth.
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