Nigerian Stock Market Gains N622 Billion Amid Positive Sentiment

On September 24, 2026, positive sentiments dominated the Nigerian stock market, resulting in a market capitalization increase of N622 billion. The Nigerian Exchange Limited All-Share Index (NGX ASI) rose by 0.38% to close at 252,150.01 basis points, with the overall market capitalization reaching N163.679 trillion.

This performance was driven by price appreciation in large and medium capitalized stocks, including Seplat Energy, Nigerian Aviation Handling Company (NAHCO), NASCON Allied Industries, Fidson Healthcare, and The Initiates Plc (TIP). A total of 28 stocks gained, while 24 lost.

Critical Minerals Financing Corp. (CMFC) recorded the highest gain of 10% to close at N2.97 per share, followed by R.T. Briscoe with a 9.55% increase to N9.75, and Caverton Offshore Support Group rising by 8.75% to N4.35.

Conversely, Neimeth International Pharmaceuticals led the losers with a 7.23% decline to N7.70. The total volume traded decreased by 38.5% to 978.29 million units, valued at N50.16 billion across 48,558 deals.

Fidelity Bank topped the activity chart with 335.203 million shares valued at N6.914 billion.