The Nigerian equities market wrapped up the trading week on a decidedly positive trajectory, buoyed by widespread investor confidence across key sectors. According to the daily market report for September 4, 2026, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) advanced by 2.36% week-on-week (w/w) to close at 246,992.44 points.
This upward momentum expanded the total market capitalization by N3.73 trillion, settling at N159.56 trillion. Consequently, the market’s year-to-date (YTD) return climbed to 58.72%, up from 55.06% recorded in the preceding week.
Sectoral Performance and Market Drivers
Market sentiment during the week was largely underpinned by robust rallies in heavyweight counters. Notable capital appreciation was recorded in CHAMPION, which surged 20.10% w/w; Nigerian Breweries (NB), which gained 18.80% w/w; and SEPLAT, which advanced 10.00% w/w. These gains effectively absorbed profit-taking activities and offset losses seen in equities such as BETAGLASS (-17.38% w/w), NASCON (-16.90% w/w), and NAHCO (-9.22% w/w).
Sectoral performance leaned predominantly green. The Oil & Gas index led the gainer’s table with a stellar 9.10% w/w increase, supported by strong institutional interest. The Insurance, Banking, and Consumer Goods indices followed suit, posting w/w gains of 3.58%, 3.58%, and 3.52% respectively. Conversely, the Industrial Goods sector served as the sole outlier, dipping by 0.35% w/w.
Single-Session Snapshot and Trading Activity
During Friday’s specific trading session, the NGX ASI and market capitalization managed a modest uptick of 0.25%. Daily positive sentiment was anchored by gains in NB (+9.93%), ABBEYBANK (+10.00%), and ELLAHLAKES (+9.09%), which successfully neutralized losses from BETAGLASS (-8.21%), HBMNG (-3.36%), and NGXGROUP (-5.45%).
Trading activity experienced a massive surge in liquidity. Total volume traded escalated by 416.66% to reach 2.24 billion units, while the total transaction value jumped 150.55% to close at N73.41 billion.
- Volume Leadership: UBA (-0.33%) dominated the volume chart, accounting for 312.42 million units.
- Value Leadership: SEPLAT (0.00%) topped the value chart with heavy block trades worth N32.24 billion.
Market breadth closed negative at 0.94x, indicating that profit-taking slightly outweighed advances on the floor. A total of thirty-one (31) stocks declined against twenty-nine (29) advancers. REDSTAREX emerged as the session’s top decliner with a 10.00% drop, while ABBEYBANK led the gainers’ chart with a 10.00% appreciation.
