NGX hits N159.9 trillion market cap as turnover hits 1.1 billion shares

The Nigerian Exchange (NGX) experienced a surge in market activity on Thursday, September 17, 2026, as the market capitalization of listed equities climbed to an impressive N159.9 trillion, a rise from N158.71 trillion the previous day. The volume of traded shares reached 1.1 billion, with investors collectively gaining approximately N1.18 trillion.

The NGX All-Share Index (ASI) advanced to 246,315.38 points, marking its highest level of the week, driven by substantial buying interest across various sectors. This positive trend continued for a fifth consecutive trading day, following a weekly low of 243,052.74 points set on Friday, September 11. The NGX Industrial Index led the gains, increasing to 10,224.02 points from 9,936.78 points, while the NGX Insurance, Banking, and Pension Indices also recorded notable gains.

Conversely, the NGX Growth Index saw a slight dip to 26,427.37 points. The financial services sector saw the most trading activity, with Premium Board banking and other financial institutions exchanging 141,548,805 shares across 8,707 trades. Despite some losses, such as those of LivingTrust Mortgage Bank (-8.45%) and International Breweries (-5.94%), the market remained largely positive, with 34 gainers outpacing 23 losers.

Leading the gainers were Beta Glass, UPDC REIT, Consolidated Hallmark Holdings, and BUA Cement, all achieving a maximum 10% daily increase. Notably, Transcorp Power was among the biggest decliners, falling by 9.97% to N197.70 per share. Bonds market activity remained subdued, with only eight trades totaling 12,110 units. The overall market rally extended, with the NGX All-Share Index closing at 246,315.38 points.