With the NGX All-Share Index posting a 46.8 percent return in the first half of 2026, the constituent indices in the market showed strong performances that underscored the resilience of the Nigerian equity market.
Fuelled by strong performances from Seplat Energies and Aradel Holdings, the NGX Oil and Gas Index emerged as the market’s top-performing index of the year.
While the industrial stocks recorded a cumulative 79 percent gain, as investors accumulated shares of cement manufacturers. Banking stocks recorded a cumulative 36.6 percent gain. In this story, BusinessDay tracks some of the best-performing sectors in the NGX in the first half of 2026.
Oil and Gas – 90.2%
Driven by strong performances of Seplat (+102 percent) and Aradel (+71.12 percent) in H1, the oil and gas sector was the best-performing sector in the NGX. During the year, investors bet on the petroleum scene
The NGX Oil and Gas index saw
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