Best performing Nigerian stocks for the week ended August 7, 2026

The week ended August 7, 2026, saw the Nigerian equities market close higher as investors showed renewed interest in banking and select large-cap stocks. First HoldCo Plc led the surge, extending its strong performance with a 12.23% week-on-week gain to N145.40. FCMB Group also contributed to the banking rally with a 13.10% increase, while newly listed AVA Capital delivered an impressive 33.33% weekly surge, reaching N11.00.

These gains helped the Nigerian equities market close the week with the benchmark NGX All-Share Index (ASI) up 0.12% to 245,573.60 points, marking a 0.12% increase from the previous week. The market capitalization rose by approximately N187 billion to N158.51 trillion. However, despite the overall positive performance, market breadth remained negative, with only 26 gainers against 63 losers, indicating cautious investor sentiment.

The top three stocks by volume, Japaul Gold & Ventures, Fortis Global Insurance, and FCMB Group, accounted for 2.562 billion shares and 10.19% of total value. While 26 equities appreciated in price, 33 depreciated during the week, with 58 remaining unchanged. The Insurance Index faced the weakest performance, falling 3.31% amid profit-taking and selling pressure in select shares.

Analysts expect continued investor interest in fundamentally sound stocks as more earnings releases are announced, and market sentiment is likely to remain driven by corporate earnings, dividend expectations, and developments in interest rates and fixed-income yields.