Stock Market Gains N1.22trn to Commence September on Positive Note
Kayode Tokede The Nigerian stock market sustained its positive momentum to commence trading activities for the month of September 2026 with a gain of N1.22 trillion. The Nigerian Exchange Limited
The Nigerian stock market continued its positive trend in September 2026, opening the trading month with a gain of N1.22 trillion. The Nigerian Exchange Limited All-Share Index (NGX ASI) experienced an increase of 1,883.24 basis points, or 0.77%, closing at 246,082.63 basis points. Over the month-to-date, the index saw returns of +0.8%, and year-to-date returns stood at +58.1%.
Market capitalization rose by N1.22 trillion, reaching N158.956 trillion, up from N157.739 trillion the previous day. Positive sectoral performance was observed across Oil & Gas (+3.9%), Insurance (+3.3%), Banking (+0.9%), Consumer Goods (+0.9%), and Industrial Goods (+0.7%) indices. Large and medium capitalised stocks, including Nestle Nigeria, Aradel Holdings, HBM Nigeria, May & Baker Nigeria, and Nigerian Exchange Group, propelled the market's gains.
Investor sentiment remained strongly positive with 40 stocks advancing compared to 19 decliners. FTN Cocoa Processors and McNichols led price gains, each rising 10% to close at N8.25 and N4.95, respectively. Sunu Assurance followed with a 9.94% gain, while Sovereign Trust Insurance and Caverton Offshore Support Group rose by 9.57% and 9.52%, respectively.
The losers' chart was led by Tripple Gee & Company, which fell 9.72%, followed by ABC Transports and Nigerian Aviation Handling Company (NAHCO), both declining by 9.52% and 9.22%, respectively. R.T. Briscoe and Unilever Nigeria also recorded declines of 9.21% and 3.51%, respectively. Trading volume increased by 7.4%, totaling 651.32 million units, valued at N651.322 billion, and transacted in 43,760 deals.
Access Holdings experienced the highest transaction activity with 129.893 million shares worth N4.155 billion. Critical Minerals Financing Corporation (CMFC) led the traded volume with 58.025 million shares worth N162.726 million. Looking ahead, Cowry Assets Management Limited expects the market to maintain its positive momentum as investor sentiment improves, driven by the FTSE Russell reclassification confirmation.
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