Nigerian equities extend bull run as market cap gains N622 billion
Equity trading on the Nigerian Exchange Limited (NGX) closed on a strong bullish note on September 24, 2026, propelled by massive trading activity that saw investors exchange 978.21 million shares. The post Nigerian equities extend bull run as market cap gains N622 billion appeared first on Nairametrics .
On September 24, 2026, Nigeria's equity market saw a strong bullish performance on the Nigerian Exchange Limited (NGX). Trading activity surged, with 978.21 million shares exchanged, pushing the market capitalization up by N622.51 billion, increasing the total value from N163.06 trillion to N163.68 trillion. The NGX All-Share Index (ASI) gained 958.99 points (+0.38%), settling at 252,150.01 points.
The day was marked by heavy trading in the financial and investment conglomerates. Fidelity Bank Plc was the top volume driver, with its share price rising +3.73% to close at N20.85. The NGX Oil & Gas Index led sectoral gains, surging +3.95% (+237.56 points) from 6,014.43 to 6,251.99 points, driven by strong buying interest in Seplat Energy Plc, which rose +7.33% to close at N16,000.00.
Bulls dominated the session, with 28 equities gaining price against 24 decliners. The record equity market cap was a significant milestone, following a record reached in the previous week.
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