Nigerian Stock Market Surpasses N162 Trillion Milestone

On September 18, 2026, the Nigerian Stock Market reached a record market capitalization of N162.16 trillion, marking the first time it surpassed the N162 trillion threshold. This milestone followed a bullish trading week, with a total volume of 525,991,720 shares exchanged across 44,239 distinct deals.

The All-Share Index climbed to 249,804.56 points, up 1.42% from the previous week’s close of 246,315.38 points. Key contributors to this surge included Sterling Financial Holdings, which recorded 41,897,646 units traded, and Wema Bank Plc with 22,270,166 shares.

Despite the overall positive market sentiment, some high-priced stocks faced declines, particularly in the Premium Board Banking sub-sector, where UBA and Zenith Bank experienced minor losses. The market breadth was notably positive, with 36 gaining equities against 22 declining equities, resulting in a bullish ratio of 1.64x.

The trading session also saw Exchange Traded Funds (ETFs) contributing 397,194 shares, while the bond market had a quieter turnover of 51,151 units.