Nigerian Stock Market Gains N1.22 Trillion in September

On September 1, 2026, the Nigerian stock market opened with a significant gain of N1.22 trillion, reflecting a positive trading environment. The Nigerian Exchange Limited All-Share Index (NGX ASI) increased by 1,883.24 basis points, or 0.77%, closing at 246,082.63 basis points, up from 244,199.39 basis points.

The market capitalization rose to N158.956 trillion from N157.739 trillion. Sector performance was strong, with notable increases in Oil & Gas (+3.9%), Insurance (+3.3%), Banking (+0.9%), Consumer Goods (+0.9%), and Industrial Goods (+0.7%).

The positive performance was attributed to price appreciation in large and medium capitalized stocks, including Nestle Nigeria and Nigerian Exchange Group. Investor sentiment was robust, with 40 stocks advancing compared to 19 declining.

FTN Cocoa Processors and McNichols led the gainers, each rising by 10%. Total traded volume increased by 7.4% to 651.32 million units, valued at N651.322 billion across 43,760 deals.

Cowry Assets Management Limited anticipates that the market will maintain its positive momentum.