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Stocks worth over one trillion (SWOOT) listed on the NGX recorded N27.448 trillion capital gains in the first quarter of 2026.

This represents a 33.8% growth from the N85.86 trillion recorded at the start of the quarter under review.

The broad market, the total market of listed stocks on the NGX, gained N29.82 trillion in Q1 2026; from N99.38 trillion at the start of the quarter to close the quarter N129.20 trillion.

As of Q1 2026, the SWOOT group has 24 companies, led, in terms of market capitalization by MTN Nigeria, BUA Foods, Dangote Cement, BUA Cement, etc.

The group has two entrants: Ecobank Transnational and Wema Bank.  The two banks added cumulatively N547.449 billion to the group’s market capitalization.

Fidelity Bank and Dangote Sugar joined the club in February but could not sustain the momentum and dropped before the end of the period under review.

The biggest gainer during the period was MTN Nigeria, which added N5.23 trillion to its market cap, reflecting a 48.73% growth.

On the other hand, Nigeria Breweries recorded the largest loss, with a 3.05% decline in its market cap, falling from N2.33 trillion to N2.26 trillion.

The SWOOT group spans across 8 key sectors, with a number of companies within each sector:

Industrial Goods/Building Material

The Sector was the highest contributor, adding N9.786 trillion:

 ICT/Telecom:  

The ICT/Telecom sector was the second highest contributor, adding N6.1 trillion in market cap.

Oil and Gas Sector 

The Oil and Gas sector contributed N4.5 trillion.

The Banking sector contributed N4.21 trillion to the SWOOT’s growth, with 8 banks making the list.

The sector with Presco and Okomu Oil contributed about N1.5 trillion

The sector contributed a net N1.05 trillion.

Transcorp Hotel is the only company that made it, adding N328.785 billion (+18.78%), taking the market cap to N2.1 trillion.

Utilities/Power generation