NGX Surges by N315 Billion with Strong Trading Activity

On September 16, 2026, the Nigerian Exchange (NGX) recorded a total turnover of 662.35 million shares, reflecting strong investor activity in banking, insurance, and financial services stocks. The total equity transactions amounted to 63,167 deals, contributing to a market capitalization increase from N158.4 trillion to N158.7 trillion, marking a single-day appreciation of approximately N315 billion.

The NGX All-Share Index (ASI) rose to 244,791.79 points from 244,304.51 points the previous day. The financial services sector led trading activity, with 422 million shares traded across 20,251 deals.

Notable stock gains included Livestock Feeds (9.42%), Champion Breweries (9.50%), Prestige Assurance (9.56%), Sovereign Trust Insurance (9.69%), and Learn Africa (9.09%). Conversely, stocks such as Ellah Lakes (-8.79%), John Holt (-9.88%), Fidson Healthcare (-9.19%), Royal Exchange (-9.00%), and LivingTrust Mortgage Bank (-9.84%) experienced declines.

The positive market close extended the recent rally, reflecting improved investor sentiment.