Aradel Holdings Drives N651.78bn Surge in Stock Market

On September 15, 2026, the Nigerian Exchange Limited reported a significant increase in its stock market, rising by N651.78 billion due to heightened investor demand for Aradel Holdings Plc and 33 other companies. Aradel Holdings' stock price surged by 9.62%, closing at N1,550.00 per share.

The market capitalization of listed companies reached N158.399 trillion, up from N157.747 trillion. The NGX All Share Index increased by 0.41%, moving to 244,304.51 basis points.

Sector performance varied, with the NGX Oil & Gas index rising by 3.8%, while the NGX Industrial Goods and Insurance indices fell by 0.6% and 0.2%, respectively. Market sentiment remained positive, with 34 stocks gaining against 26 losers.

The most notable gainers included NGX Group Plc, which rose by 9.95%, and Sovereign Insurance Plc, which gained 9.50%. The total volume traded increased by 17.8% to 505.12 million units, valued at N36.29 billion.

Cowry Assets Management Limited indicated that the market may proceed cautiously due to mixed investor interests following the Dangote Refinery IPO.