NGX crosses N160 trillion again as market moves to reclaim August 10 highs
The Nigerian equities market extended its bullish trajectory on Monday, September 8, 2026, reclaiming the historic N160 trillion market capitalisation threshold for the first time since Monday, August 10, when the market first crossed that mark before a sharp two-week correction pulled it back. The post NGX crosses N160 trillion again as market moves to reclaim August 10 highs appeared first on…
Nigeria's equities market surged on Monday, September 8, 2026, to reclaim the N160 trillion market capitalization milestone initially reached on August 10. The Benchmark NGX All-Share Index (ASI) rose 0.29% to 247,699.78 points, up from 246,992.44 the previous day, with the market's year-to-date return now at 59.18%. Market capitalization climbed 0.65% to N160.60 trillion, adding roughly N1.04 trillion in a single session after the listing of 8.09 billion new ordinary shares of Dangote Sugar Refinery on the NGX.
However, the index still slightly trails the August 10 level. Trading volume contracted 81.81% to 407.85 million shares, while market turnover fell 62.88% to N27.25 billion. Despite the broad-based advance, market breadth remained negative, as 43 stocks declined compared to 12 advancers. Aradel Holdings led the rally, climbing 5.38% to N1,570.00, while MTN Nigeria gained 2.45% to N832.90.
Conversely, UBA, Zenith Bank, Access Holdings, and GTCO slipped 1.85%, 1.24%, 0.83%, and 0.75% respectively, highlighting continued pressure on banking heavyweights.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
