The most telling move on the Nigerian Exchange on April 1, 2026 was not just the 4.81% jump in the NGX ASI to 1,496.4, but the gap between a sharply higher index and weak market breadth. In that setting, RT Briscoe stood out with an 8.8% gain to 10.5 NGN, suggesting traders were rewarding a stock seen as leveraged to stronger Q1 2026 sales momentum. The auto and industrial distributor rallied even as 41 stocks fell, against only 22 gainers and 85 unchanged names across the 148 listed equities. In other words, NGX today was not a broad-based advance. It was a liquidity-led move, driven mainly by heavyweight banks, while several consumer and insurance counters moved in the opposite direction.
Key figures
- RT Briscoe: +8.8% at 10.5 NGN
- NGX ASI: +4.81% at 1,496.4
- Breadth: 22 advancers / 41 decliners / 85 unchanged
- Zenith Bank: +7.5% at 103.0 NGN
- GTCO: at