Nigerian Equities Rally as ASI Surpasses 246,000 Points

On September 1, 2026, the Nigerian equities market maintained its bullish momentum as the NGX All-Share Index (ASI) rose to 246,082.63 points, marking a 0.77% increase from the previous session's 244,199.39 points. This represented a gain of 1,883.24 points during the trading day.

The market capitalization surged to N158.96 trillion, up from N157.74 trillion, adding approximately N1.22 trillion to investor wealth. The year-to-date return for the market strengthened to 58.14%.

The session's gains were primarily driven by significant rallies in Aradel Holdings and Nestlé Nigeria, which outperformed the banking sector, which also closed positively. However, Unilever Nigeria was the most notable large-cap decliner, falling 3.51% to N110.00.

Other declines included Transcorp, which dropped 1.63% to N36.15, and FCMB, which eased 0.43% to N11.65. The Oil & Gas Index was the standout performer, and market breadth remained positive with 40 gainers against 19 decliners.

Access Holdings was the most traded stock by volume, while MTN Nigeria led by value.