PositiveNaija presents the top gainers of the 2026 Week 8 Nigerian Stock Exchange (NSE) Market for up-to-date decision-making on investing.
2026 Week 8 Nigerian Stock Exchange Market Top Gainers Index
| Top gain shares /stocks | Percentage gain increase (%) | Closing price (₦) | Price-to-earnings ratio (P/E ratio) |
Return on equity (ROE) |
News |
| ZICHIS AGRO ALLIED INDUSTRIES PLC | 60.74% | ₦17.36 | – | – |
Zichis Agro Allied Industries listing to increase NGX market cap by ₦1.96bn
|
| JAPAUL GOLD & VENTURES PLC | 60.16% | ₦4.02 | 49.4x | 6.0% |
Japaul begins test runs of pilot gold processing plant in Niger State
|
| INFINITY TRUST MORTGAGE BANK PLC | 59.09% | ₦15.75 | 13.0x | 27.9% |
Infinity Trust Mortgage reports pre-tax profit of ₦3.02 billion for 2025
|
| FORTIS GLOBAL INSURANCE PLC | 53.85% | ₦0.60 | – | – |
NGX Lifts Trading Suspension on Fortis Global Insurance Shares After Accounts Filing
|
| JAIZ BANK PLC | 32.53% | ₦11.00 | 15.7x | 44.4x |
SMEDAN, Jaiz Bank expand financial access to 6,122 entrepreneurs
|
| RED STAR EXPRESS PLC | 30.67% | ₦31.95 | 34.9x | 17.4% |
Red Star Express grows Q2 2025 profit by 98.8% as revenue hits ₦5.8 billion
|
| CUSTODIAN INVESTMENT PLC | 27.96% | ₦70.25 | 7.3x | 40.5% |
Custodian Investment sees profit almost doubling on rising fair value gains
|
| MUTUAL BENEFITS ASSURANCE PLC | 26.05% | ₦5.42 | 5.1x | 34.6% |
Mutual Benefits begins 2026 with ₦5.9 billion January claims settlement
|
| NASCON ALLIED INDUSTRIES PLC | 24.07% | ₦164.95 | 13.2x | 58.7% |
Nascon Allied Industries Appoints Aderemi Saka as Managing Director
|
| PRESCO PLC | 21.86% | ₦2315.40 | 15.5x | 49.3% |
Presco’s profit soars to a record high despite weaker Q4
|
Understanding different scenarios:
Use the PE ratio and ROE together. The PE ratio helps determine if a stock is overvalued, while ROE helps assess the quality of earnings and operational efficiency.
- High PE, High ROE: The stock may be expensive, but the strong profitability could justify the higher price.
- High PE, Low ROE: This combination is a warning sign, suggesting the stock may be overvalued and is not an ideal investment.
- Low PE, Low ROE: This could indicate a company is undervalued, but also potentially in decline. Further investigation is needed to understand why the ROE is low.
- Low PE, High ROE: Potential strong investment; an overlooked and highly efficient company.
Research Credits
*This compilation series was first researched, written, poster designed and last updated by Toju Micheal Ogbe.
*This weekly series is open for/to suggestion, donation, sponsorship, collaboration, partnership or advertisement (+2349064503292).
