Nigerian Breweries Boosts Market with 9.93% Surge

On September 4, 2026, Nigerian Breweries experienced a notable surge of 9.93%, closing at N82.45, up from N75.00. This increase was pivotal in driving the Nigerian equities market forward, with the NGX All-Share Index (ASI) rising 0.25% to close at 246,992.44 points, up from 246,388.22 points in the previous session.

The market capitalization increased to N159.56 trillion from N159.15 trillion, adding approximately N405.67 billion to investor wealth. Despite this positive movement, investor sentiment remained cautious, as 31 stocks declined compared to 28 advancers.

The Consumer Goods Index emerged as the best-performing sector, largely due to Nigerian Breweries' performance. Trading activity saw a dramatic increase, with total volume traded jumping 416.66% to 2.24 billion shares and turnover value rising 150.55% to N73.41 billion.

The session marked a week of steady market gains, with the ASI reaching its highest point of 246,992.44 on Friday, following a low of 244,199.39 on Monday, August 31.