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Nigerian Equities Surge as Market Cap Soars by N622 Billion

The Nigerian Exchange Limited (NGX) closed on a bullish note on September 24, 2026, with investors exchanging an impressive 978.21 million shares. This surge in trading activity resulted in a remarkable increase in market capitalization by N622.51 billion, elevating the total valuation from N163.06 trillion to N163.68 trillion.

The benchmark NGX All-Share Index (ASI) also recorded gains, climbing 958.99 points (+0.38%) to settle at 252,150.01 points. During intraday trading, the index reached a high of 252,150.01 points, reflecting strong demand across industrial and energy sectors.

Market Highlights

  • All-Share Index (ASI): 252,150.01 points (+0.38%)
  • Market Cap: N163.68 trillion (+0.38%)
  • Total Volume: 978.21 million shares
  • Market Breadth: 28 gainers vs. 24 losers

Key gainers included Critical Minerals Financing Corp Plc, which rose 10% to N2.97, and R.T. Briscoe (Nigeria) Plc, up 9.55% to N9.75. Conversely, Neimeth International Pharmaceuticals Plc led the losers, down 7.23% to N7.70.

The session was characterized by significant trading in financial and investment firms, with Fidelity Bank Plc emerging as the top volume driver, trading over 335 million shares. The energy sector also showed strong performance, with the NGX Oil & Gas Index surging 3.95% due to heavy buying interest in Seplat Energy Plc.

This positive performance builds on a recent trend of growth, with market capitalization reaching record levels, highlighting the resilience and potential of the Nigerian equities market.

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