March 24, (THEWILL) — Low-priced technology stocks have emerged as major drivers of performance on the Nigerian Exchange Limited in 2026, outperforming the broader market and attracting strong retail participation.
The NGX Information Technology Index has gained over 35% year-to-date, ahead of the All-Share Index’s roughly 18% rise. Leading the rally is NCR Nigeria, which has surged 174%, with its share price climbing from ₦72.70 to ₦199 and market capitalisation reaching ₦21.5 billion. Omatek Ventures has also posted a 108% gain, rising from ₦1.13 to ₦2.53 and valued at ₦6.91 billion, underscoring demand for accessible, high-upside stocks.
Other tech names have recorded moderate gains. CWG has advanced 21.1% to ₦21.80, while Chams Plc has edged up 2.56% from ₦3.90 to ₦4.10. In the fintech segment, eTranzact International has delivered a 59.5% return, with its share price increasing from ₦11.35 to ₦18.10, lifting its market capitalisation to ₦167 billion.
Trading volumes in the sector have more than doubled, with retail investors accounting for over 60% of activity. The surge reflects optimism around Nigeria’s digital economy, particularly fintech and electronic payments.
However, analysts caution that volatility remains elevated, and sustaining gains will depend on consistent earnings performance and stronger fundamentals.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
