The clearest signal on the Nigerian Exchange this Wednesday, May 13, 2026 did not come from the usual heavyweights. It came from a trio of mid-caps: Daar Communications at NGN 1.87, Computer Warehouse Group at NGN 23.1, and Fidson Healthcare at NGN 113.3, all up the daily maximum of 10.0%. Their surge helped lift the NGX ASI by 1.33% to 1,694.26, in a session where 39 stocks advanced, 26 declined, and 13 were unchanged. That split matters. Several large financial names ended lower, yet the market still closed firmly positive because buying broadened into domestic mid-caps. With USD/NGN at 1,367.84, up 0.07% on the day, and Brent crude still elevated at $107.45 a barrel despite a 0.3% daily dip, Nigeria’s equity story remains tied to the same three macro variables that have dominated since the FX window unification in 2023: currency pressure, inflation pass-through, and the search for nominal returns in naira assets.
Key figures
- NGX ASI: 1,694.26, up 1.33%
- DAARCOMM, CWG, FIDSON: +10.0% each
- Market breadth: 39 gainers / 26 losers / 13 unchanged
- on in traded value