NGX Market Gains N437 Billion on September 11, 2026

On September 11, 2026, the Nigerian equities market rebounded for the second consecutive day, as the benchmark All-Share Index (ASI) increased by 0.28% to close at 243,052.74 points. This rise added approximately N437.40 billion to the market capitalisation, following a modest recovery of N100 billion the previous day.

The year-to-date return now stands at +56.19%. Market breadth turned positive, with 31 stocks advancing compared to 18 decliners, a significant improvement from earlier in the week.

NGX Group emerged as the top large-cap gainer, surging 8.03% to close at N148.00. Smaller-cap stocks Abbey Mortgage Bank and UPDC REIT both reached the 10.00% daily limit.

However, trading activity saw a sharp decline, with volumes dropping 60.48% to 552.89 million shares. This recovery follows a substantial N1.67 trillion sell-off earlier in the week.

The subscription window for new offerings opens on September 14, and Nigeria's reclassification to Frontier Market status by FTSE Russell will take effect on September 21.