The Nigerian Exchange (NGX) closed the trading week on a positive note, with the All-Share Index climbing 2.78% to 249,804.56 points and market capitalisation growing by 2.90% to N162.157 trillion. This bullish performance was underpinned by strong activity in the Financial Services sector, which accounted for nearly 80% of total equity turnover volume during the week.
Market Activity and Sector Performance
Weekly activity on the exchange produced a combined turnover of 3.249 billion shares worth N237.986 billion across 287,919 deals. This compares with 3.647 billion shares valued at N130.151 billion in 244,777 deals recorded the previous week, showing a drop in volume but a sharp rise in total value.
The Financial Services industry was the most active sector by volume, with 2.581 billion shares valued at N97.212 billion changing hands in 138,900 deals. The sector accounted for 79.43% of total equity turnover by volume and 40.85% by value.
The Services industry came in second, with 131.102 million shares worth N2.731 billion traded in 15,084 deals, while the ICT industry ranked third at 114.622 million shares valued at N21.541 billion in 29,152 deals.
Top Gainers and Decliners
Fidelity Bank Plc, Sterling Financial Holdings Company Plc, and Mutual Benefits Assurance Plc were the three most actively traded equities by volume. Together, they accounted for 1.229 billion shares worth N15.942 billion in 7,796 deals, representing 37.83% of total equity turnover volume and 6.70% of total value.
Among the top price gainers, UPDC Real Estate Investment Trust rose from N13.75 to N18.55, a gain of N4.80 or 34.91%. Sovereign Trust Insurance Plc followed with a 30.95% increase to N2.20, while Mutual Benefits Assurance Plc gained 22.03% to N3.60. Nigerian Exchange Group Plc rose 21.55% to N179.90, and First HoldCo Plc gained 17.65% to N160.00.
Other gainers included McNichols Consolidated Plc (+16.85% to N5.20), Livestock Feeds Plc (+16.79% to N8.00), Fortis Global Insurance Plc (+13.79% to N1.65), Consolidated Hallmark Holdings Plc (+13.38% to N7.37), and NPF Microfinance Bank Plc (+11.11% to N4.00).
On the losing side, Transcorp Power Plc fell 18.94% to N178.00, John Holt Plc dropped 18.89% to N7.30, and Ellah Lakes Plc declined 18.14% to N8.35. LivingTrust Mortgage Bank Plc lost 17.46% to N2.60, while Omatek Ventures Plc fell 12.41% to N1.20. PZ Cussons Nigeria Plc declined 11.33% to N73.60, Learn Africa Plc lost 11.11% to N8.00, Industrial & Medical Gases Nigeria Plc dropped 9.93% to N27.65, Ecobank Transnational Incorporated fell 9.46% to N67.00, and Cadbury Nigeria Plc declined 9.32% to N53.00.
Dangote Refinery IPO Context
Earlier, Legit.ng reported that the initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE drew roughly N1.5 trillion in subscriptions within six hours of opening on the Nigerian Exchange in Lagos on Monday, September 14, 2026, in what is being described as the largest IPO in Africa. The offer is priced at N525 per share, with a minimum subscription of 10 shares, meaning retail investors can enter for as little as N5,250. The IPO is targeting up to 10 million retail investors, making it one of the most accessible major equity offerings Nigeria has seen.
