The Nigerian capital market witnessed substantial trading activity during the first five months of 2026, with ten leading securities firms collectively facilitating stock transactions worth N4.14 trillion on the Nigerian Exchange.
Among the firms, CardinalStone Securities Limited ranked prominently alongside nine other brokerage houses that contributed significantly to market liquidity and trading efficiency.
During the same period, the NGX recorded exceptional growth, with market capitalization increasing by N61.133 trillion. Furthermore, the All-Share Index gained 94,772.44 basis points, representing a remarkable 60.90% increase, to close May 2026 at 250,385.47 points.
These figures underscore the strength of the market and the important role played by securities firms in supporting investment activities and capital formation.
Source: Leadership Newspaper
