NGX rebounds as Seplat, Transcorp, GTCO lift index, but breadth stays negative
The Nigerian equities market snapped a two-day losing streak on Thursday, September 10, 2026, as the benchmark All-Share Index (ASI) rose modestly by 0.06% to close at 242,378.13 points, adding approximately N100 billion to market capitalisation. The post NGX rebounds as Seplat, Transcorp, GTCO lift index, but breadth stays negative appeared first on Nairametrics .
On Thursday, September 10, 2026, Nigeria's equities market rebounded from a two-day losing streak, with the All-Share Index (ASI) rising by 0.06% to close at 242,378.13 points. The increase added roughly N100 billion to the market capitalisation, though the index remains 5,321.65 points below its Monday high of 247,699.78 points.
This partial recovery follows a steep N1.67 trillion loss on Wednesday, but market breadth stayed negative, with 23 stocks advancing against 29 declining. Despite the modest gain, investors remain cautious, as the market has only partially recovered the week's decline. Seplat Energy led the gainers, soaring 10.00% to close at N14,907.80, while Japaul Gold, Tantalizer, and NSL Technologies also contributed to the rise.
However, several stocks, including RT Briscoe, Aradel Holdings, and Champion Breweries, fell, while AccessCorp saw a 5.66% increase to N28.00. Overall, trading volume rose to 1.40 billion shares, a 161.79% increase from the previous day, with market turnover reaching N27.14 billion.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
