Nigerian equities extend rally as ASI crosses 246,000 points, gain N1.22 trillion
The Nigerian equities market sustained its bullish momentum on Tuesday, September 1, 2026, with the benchmark NGX All-Share Index (ASI) rising above the 246,000-point mark once again since August 11 when it closed at 246,723.57 points, extending gains from the previous session. The post Nigerian equities extend rally as ASI crosses 246,000 points, gain N1.22 trillion appeared first on…
On Tuesday, September 1, 2026, Nigeria's equities market continued its upward trajectory, with the All-Share Index (ASI) reaching a new milestone of 246,082.63 points, up 1,883.24 points from the previous session. The market capitalization swelled to N158.96 trillion, marking an additional N1.22 trillion in investor wealth, while the year-to-date return climbed to 58.14%.
The rally was fueled by a strong performance from Aradel Holdings and Nestlé Nigeria, outperforming even major banking stocks. However, Unilever Nigeria experienced a notable decline of 3.51%, while Transcorp and FCMB also posted slight declines. Sector-wise, the Oil & Gas Index led the gains. Broad participation was evident, as 40 stocks gained while only 19 declined, indicating widespread buying interest.
Key stocks traded included Access Holdings, with 129.89 million units exchanged, and MTN Nigeria, which led in value terms at N4.69 billion. This rally extends the market's positive momentum into September, with the ASI up 0.77% for the month, building on August's strong close and bolstered by the FTSE Russell reclassification confirmation.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
