Lagos, Nigeria – September 21, 2026
DDNewsOnline
Trading on the Nigerian Exchange Limited (NGX) closed bullish on Thursday, with market capitalisation rising to a record ₦159.89 trillion as sustained buying interest lifted the equities market.
The NGX All-Share Index (ASI) gained 1,523.59 points, or 0.62 per cent, to close at an all-time high of 246,315.38 points, extending its positive run for the fifth consecutive trading session.
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The latest performance brought the market’s week-to-date gain to 1.34 per cent, while its year-to-date return rose to 58.29 per cent. Market capitalisation increased by about ₦1.18 trillion during Thursday’s session, from ₦158.71 trillion recorded in the previous trading session.
Trading activity was also strong, with about 1.09 billion shares valued at ₦43.38 billion exchanged in 54,026 deals. Market breadth remained positive, with 37 stocks gaining, 27 declining and 83 remaining unchanged.
Beta Glass, Consolidated Hallmark Holdings, UPDC REIT and BUA Cement were among the leading gainers, each rising by 10 per cent, while Royal Exchange gained 9.89 per cent.
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On the decliners’ side, Transcorp Power fell 9.97 per cent, followed by Legend Internet, Omatek Ventures and LivingTrust Mortgage Bank.
The Industrial Goods and Financial Services sectors recorded notable gains during the session, while the Consumer Goods and Oil and Gas sectors recorded weaker performances.
The market’s latest rally came despite the Central Bank of Nigeria’s monetary policy rate remaining at 26.5 per cent, highlighting continued investor activity in Nigerian equities. The CBN’s Monetary Policy Committee had retained the rate at its July 2026 meeting.
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Analysts say the sustained buying interest reflects growing confidence among local and institutional investors, even as interest rates remain elevated. The record market capitalisation and all-time high on the All-Share Index underscore the resilience of the equities market amid broader economic conditions.
Investors are expected to continue monitoring corporate earnings, macroeconomic indicators and monetary policy signals as the market maintains its upward trajectory.
By Onabanjo Boluwatife Ifeoluwa
boluwatifeonabanjo3@gmail.com