The Nigerian Exchange Limited (NGX) rebounded strongly in September, gaining N5.365 trillion in market capitalisation, following a N587 billion loss recorded in August 2026.
The recovery was driven by improved macroeconomic conditions, Nigeria’s reclassification to the FTSE Russell Frontier Market status and renewed investor confidence.
Market capitalisation grew by 3.40 per cent, rising from N157.739 trillion at the start of September to N163.104 trillion at month-end.
The All-Share Index (ASI) also appreciated from 244,199.39 points to 251,211.67 points, gaining 7,012.28 points or 2.87 per cent.
The NGX recorded gains in 16 of the 22 trading sessions during the month, while six sessions closed lower.
Trading activity was mixed in September, with the volume of shares traded declining by 33.24 per cent, while the value of transactions rose by 43.01 per cent.
17.936 billion shares, worth N907.841 billion, were traded in 1,117,428 transactions during the month.
In contrast, 26.867 billion shares worth N634.801 billion were traded in 899,053 deals in August.
The September performance marked a recovery from the market’s August decline, when profit-taking and repositioning by investors had weighed on trading sentiment.
Among the gainers during the month were Seplat Energy, which rose from N12,320.60 to N16,000; First HoldCo, from N145 to N159.90; and Zenith Bank, from N127.40 to N134.
Nestlé Nigeria rose from N2,830 to N2,900; Wema Bank increased from N29 to N31.50; AIICO Insurance gained from N3.76 to N3.80; while Consolidated Hallmark Holdings rose from N6.01 to N7.12.
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Cornerstone Insurance appreciated from N5.25 to N5.60; Coronation Insurance increased from N2.19 to N2.36; Aradel Holdings appreciated from N1,415 to N1,530; while MTN Nigeria rose from N807 to N837.
Ikeja Hotel gained from N42.55 to N44.50; Zichis Agro-Allied Industries increased from N14.55 to N19.90; Dangote Cement appreciated from N1,034 to N1,066.70; and HBM Holdings rose from N335 to N355.
Conversely, United Bank for Africa (UBA) declined from N47.35 to N45.45; Access Holdings fell from N32.10 to N30.40; International Breweries declined from N9.80 to N9.55; Cadbury Nigeria from N64.90 to N59.50; Guaranty Trust Holding Company (GTCO) from N133 to N132; while Sterling Financial Holdings from N7.85 to N7.70.
Meanwhile, the share prices of Skyway Aviation Handling Company, Conoil, Airtel Africa, Unity Bank, and Guinness Nigeria remained unchanged at N171.20, N210, N6,300, N1.51, and N384.80, respectively.
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