Best performing Nigerian stocks for the week ended August 28, 2026
After two clear weeks that witnessed 11 consecutive sessions of losses, Nigerian equities returned to positive territory in a shortened four-day trading week ended August 28, with the benchmark NGX All-Share Index (ASI) rising 1,947.31 points, or 0.81%, to close at 241,298.47 points, up from 239,351.16 points the previous week. The post Best performing Nigerian stocks for the week ended August…
Nigerian equities rebounded in the week ended August 28, 2026, with the benchmark NGX All-Share Index (ASI) climbing 0.81% to close at 241,298.47 points, according to Nairametrics. The rebound was triggered by FTSE Russell's decision to classify Nigeria as a "Frontier Market," boosting valuations of listed equities, particularly in the oil & gas, banking, and value sectors.
University Press Plc led the gains, surging 18.75% to N5.70, while International Energy Insurance Plc suffered the biggest loss with a 26.61% decline. Despite the rebound, the market remained down 1.62% for the month of August.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
