NGX Market Capitalisation Surges by N297bn on September 22

On September 22, the Nigerian Exchange Limited (NGX) equities market experienced an upward trend, with market capitalisation increasing by N297bn to reach N162.682tn. The market opened with a capitalisation of N162.385tn and saw a 0.18 percent rise by the end of trading.

The All-Share Index (ASI) opened at 250,156.80 and gained 457.86 points, closing at 250,614.66. This performance followed the market's first crossing of the 250,000-point mark the previous day, where the ASI closed at 250,156.80 and market capitalisation stood at N162.385tn.

Sovereign Trust Insurance led the gainers with a 9.95 percent increase, rising from N2.01 to N2.21. Other notable gainers included Consolidated Merchant Bank, which rose by 9.82 percent (from N2.24 to N2.46), Neimeth International Pharmaceuticals with an 8.90 percent increase (from N7.30 to N7.95), Cadbury Nigeria gaining 8.29 percent (from N55.50 to N60.10), and Fortis Global Insurance rising by 7.73 percent (from N1.81 to N1.95).

The market recorded a total of 36 gainers during the session.