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Nigerian Market Cap Rises N4.57tn as ASI Gains 2.78%

By Markets Desk · 2026-09-20 · 1 min read
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Illustration: Tradingbird

Market capitalisation on the Nigerian Exchange increased by N4.57tn this week. The All-Share Index rose 2.78% to close at 249,804.56 points.

Market capitalisation on the Nigerian Exchange Limited rose by N4.57tn to reach N162.16tn. The All-Share Index gained 2.78% to close at 249,804.56 points. This marks a weekly increase of 6,751.82 points from the previous close of 243,052.74. Data from GN auto markets/indices: market indices confirms the upward trend in equity value.

Traders exchanged 3.249 billion shares valued at N237.99bn during the period. The number of deals reached 287,919. While share volume fell by 10.91% week-on-week, transaction value surged by 82.87%. Deal count increased by 17.63%, indicating higher participation per trade.

Market breadth improves sharply

Fifty-two equities posted price gains this week. This compares to only nine gainers in the preceding period. The number of declining stocks dropped to 32, down from 80 losers previously. Sixty-three equities remained unchanged. This shift reflects reduced selling pressure and stronger positive sentiment across listed firms.

Financial services drive sector volume

The Financial Services Industry accounted for the largest share of trading activity. It recorded a turnover of 2.581 billion shares valued at N97.21bn. This represented 79.43% of total equity volume and 40.85% of total value. All other NGX indices closed higher, except the NGX Growth Index which fell 0.14%.

Fidelity Bank, Sterling Financial Holdings, and Mutual Benefits Assurance were the most actively traded stocks. These three titles accounted for 1.229 billion shares in total. Their combined value reached N15.94bn. This group represented 37.83% of the total equity turnover volume for the week.

Value turnover outweighs volume decline

The Services Industry ranked second with 131.102 million shares traded. Its value stood at N2.73bn across 15,084 deals. The ICT Industry followed with 114.622 million shares valued at N21.54bn. Trading activity remained concentrated in banking and financial services stocks. This concentration supported overall market liquidity despite lower aggregate share volume.

Based on reporting by The Whistler Newspaper, compiled by the Tradingbird desk.

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