The Nigerian equities market sustained its growth trajectory on September 23, 2026, with a gain of N297 billion. This growth was driven by increased trading activities on the floor of the Nigerian Exchange. The market capitalization of listed equities rose by 0.18 per cent to N162.682 trillion from N162.385 trillion reported the previous day. This growth is a reflection of the positive sentiment among investors in the market.
The NGX All Share Index also appreciated by 457.86 basis points to 250614.56 points from 250156.80 reported on Monday. This increase in the index is a clear indication of the upward trend in the market. The volume of trades also increased by 193.06 million, representing 33.62 per cent, as investors traded 767.250 million shares against 574.19 million recorded the previous day. This surge in trading volume is a testament to the growing interest in the market.
The value of transactions in the market also rose by 20.33 per cent to close at N45.80 billion. The market breadth was positive, with 36 advancers against 26 decliners, bringing the year-to-date return to 60.95 per cent. This positive market breadth is a sign of a healthy and balanced market. Sovereign Trust Insurance led the gainers' table with a 9.95 per cent increase to close at N2.21 per unit.
Other top gainers included CMFC, which gained 9.82 per cent to close at N2.46 per share, and Neimeth International pharmaceutical company, which added 8.90 per cent to close at N7.95 per share. Cadbury Nigeria Plc also gained 8.29 per cent to close at N60.10 per unit, while FTG Insurance grew by 7.73 per cent to close at N1.95 per share. These gains are a reflection of the positive performance of these companies.
On the contrary, Multiverse topped the losers' chart, dropping by 9.86 per cent to close at N19.20 per unit. HMCall trailed with a loss of 9.39 per cent to close at N2.99 per share, while Champion Breweries declined by 8.68 per cent to close at N10.00. Mutual Benefits dipped by 8.38 per cent to close at N3.50 per unit, and Mansard dropped by 6.67 per cent to close at N11.20 per share. These losses are a reflection of the negative performance of these companies.
An analysis of the trading activities during the day showed that transactions in the shares of Fidelity Bank led the market activities with 165.433 million shares valued at N3.292 billion. Zenith Bank followed with 105.654 million shares worth N13.729 billion, while Chams Plc traded 71.827 million shares worth N240.577 million. Access Holdings Company traded 62.425 million shares, costing N1.855 billion, while Sterling Holding Company exchanged 55.556 million shares valued at N421.167 million.
The growth in the equities market is a positive development for the Nigerian economy. The market's performance is a reflection of the growing confidence of investors in the market. The increase in trading volume and value of transactions is a testament to the growing interest in the market.
Key points
- The Nigerian equities market grew by N297 billion on September 23, 2026.
- The market capitalization of listed equities rose by 0.18 per cent to N162.682 trillion.
- The NGX All Share Index appreciated by 457.86 basis points to 250614.56 points.
