The Nigerian equities market kicked off the week on a bullish note on Monday, September 7, 2026, driven by sustained interest in key bellwether stocks. The All-Share Index (ASI) advanced by 0.29% to close at 247,699.78 points, pushing both the Month-to-Date (MtD) and Year-to-Date (YtD) returns higher to +1.43% and +59.18%, respectively.
Market sentiment remained negative overall with a market breadth ratio of 0.3x, as 42 tickers suffered losses compared to 12 advancers. Positive price movements from MTNN (+2.45%), ARADEL (+5.38%), INTBREW (+3.02%), MBENEFIT (+1.0%), and SOVRENINS (+2.2%) heavily bolstered the index. ARADEL and NSLTECH led the day’s gainers with increases of 5.38% and 4.29%, respectively. Conversely, CAVERTON and OMATEK experienced the session’s steepest pullbacks, each shedding 10.00%.
Trading Volume and Sectoral Performance
Despite the positive index movement, market liquidity contracted significantly during the session. Total trading volume dropped by 81.81% to settle at 407.85 million units valued at NGN27.25 billion, executed across 52,322 deals. ACCESSCORP led the activity chart by volume with 40.04 million units, while ARADEL dominated by value with NGN7.59 billion in trades.
Sectoral performance was mixed across the board. The Oil & Gas index rose by 2.2%, providing vital support to the market, while the Insurance (-1.2%), Banking (-0.7%), and Consumer Goods (-0.1%) indices closed lower. The Industrial Goods index finished the session flat.
Fixed Income and Foreign Exchange Updates
In the fixed income and money markets, the official foreign exchange (FX) rate remained flat, closing at NGN1,320.60/USD. The overnight lending rate expanded slightly by 5 basis points to settle at 22.18% due to a lack of major system inflows.
The Treasury bill secondary market enjoyed a bullish session, with the average yield contracting by 5 basis points to 18.8% as demand picked up across short, mid, and long-term maturities. Meanwhile, the FGN bond secondary market traded bearishly, seeing its average yield expand by 6 basis points to 16.5% following selloffs in the March 2027 and June 2038 benchmark bonds.
