Best performing Nigerian stocks for the week ended September 18, 2026
The Nigerian equities market closed the week at a record N162.157 trillion in market capitalisation, surpassing the previous all-time high of N161.8 trillion set on May 13, 2026, as the benchmark All-Share Index (ASI) gained 2.78% week-on-week to close at 249,804.56 points from 243,052.74 points. The post Best performing Nigerian stocks for the week ended September 18, 2026 appeared first on…
In the week ending September 18, 2026, Nigeria's equities market reached a record market capitalization of N162.157 trillion, surpassing the previous high set on May 13, 2026. The All-Share Index (ASI) experienced a 2.78% week-on-week increase, closing at 249,804.56 points. A significant wave of investor participation contributed to the rally, with 525,991,720 shares exchanged across 44,239 deals in the final session alone.
UPDC Real Estate Investment Trust and Sovereign Trust Insurance led the gainers' chart, with sharp double-digit rallies of 34.91% and 30.95% respectively. Nigerian Exchange Group also performed strongly to close among the week's strongest performers. The market breadth turned positive for the week, with 52 equities appreciating against 32 that depreciated, marking an improvement from the previous week.
The top three stocks by volume were Fidelity Bank, Sterling Financial Holdings, and Mutual Benefits Assurance, accounting for 37.83% of total volume and 6.70% of total value. Sectoral performance was generally positive, with only the NGX Growth Index declining. Two corporate listings occurred during the week, including Critical Minerals Financing Corporation Plc's share conversion from debt to equity.
Looking ahead, market sentiment will be influenced by the ongoing IPO subscription window and Nigeria's reclassification to Frontier Market status.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
