{
  "id": 4004124,
  "title": "Nigerian equities rally continues with N1.38 trillion gains as FTSE Russell lift sentiment",
  "url": "https://urgent.news/2026/08/28/nigerian-equities-rally-continues-with-n1-38-trillion-gains-as-ftse",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T17:49:37.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/08/28/nigerian-equities-rally-continues-with-n1-38-trillion-gains-as-ftse-russell-lift-sentiment/"
  },
  "original_language": "en",
  "account": "Nigerian equities surged on Friday, August 28, 2026, as broad-based buying across various sectors propelled the benchmark index to a new high. The All-Share Index (ASI) climbed 0.90% to 241,298.47 points, up from 239,156.09 points the previous day, marking a significant 2,142.38 point increase. This rally was driven by a notable 4.73% surge in Seplat Energy, the largest individual gain, which elevated the NGX Oil & Gas Index by 4.73%. Banking stocks also performed strongly, with FirstHoldCo leading the charge, rising 7.41% to close at N145.00, marking an impressive 12.4% gain over two days. The FTSE Russell's reclassification of Nigeria to its frontier market index on September 21 stirred optimism, boosting market sentiment since Thursday. Trading volume surged 21.04% to 605.17 million shares, indicating heightened market activity. The rally also lifted the market capitalization to N155.83 trillion, adding approximately N1.38 trillion to investor wealth, bringing the year-to-date return to 55.06%.",
  "summary": "The Nigerian equities market extended its rebound on Friday, August 28, 2026, delivering its strongest single-session gain in three weeks, as broad-based buying across banking, oil & gas and commodity stocks lifted the benchmark index well above its previous close. The post Nigerian equities rally continues with N1.38 trillion gains as FTSE Russell lift sentiment appeared first on Nairametrics .",
  "key_points": [
    "Nigerian equities soared 2,142.38 points, reaching a new high of 241,298.47 points.",
    "Seplat Energy led gains with 4.73% surge, boosting NGX Oil & Gas Index.",
    "FTSE Russell classification as frontier market lifts sentiment, boosting market activity."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}