The Nigerian equities market regained its bullish momentum on Thursday, September 3, 2026, as the benchmark NGX All-Share Index (ASI) advanced 0.15% to close at 246,388.22 points, up from 246,019.17 points in the previous session.
The market performance was buoyed by strong gains in Seplat Energy and the broader Oil & Gas sector despite Aradel Holdings’ significant loss.
Market capitalisation rose to N159.15 trillion from N158.91 trillion, adding approximately N238.37 billion to investor wealth, while the market’s year-to-date return strengthened to 58.33%.
Despite the headline gain, investor sentiment remained negative beneath the surface, with losers comfortably outpacing gainers, suggesting that Thursday’s advance was driven by a handful of outstanding heavyweights rather than broad-based buying.
Market summary:
- All-Share Index (ASI): 246,388.22 points, up 0.15%.
- Market capitalisation: N159.15 trillion, up 0.15%.
- Market value gained: Approximately N238.37 billion.
- Year-to-date (YTD) market return: +58.33%.
- Trading volume: 434.02 million shares, up 1.68%.
- Market turnover (value traded): N29.30 billion, up 3.03%.
- Total deals: 42,303, up 2.00%.
- Market breadth: 21 stocks gained during the session, while 33 declined.
Top 5 Gainers:
- Seplat Energy: up 10% to N13,552.60, from N12,320.60.
- UPDC REIT: up 9.88% to N13.90, from N12.65.
- Learn Africa: up 9.49% to N8.65, from N7.90.
- Regency Alliance Insurance: up 4.76% to N0.88, from N0.84.
- Jaiz Bank: up 4.22% to N8.65, from N8.30.
Top 5 Losers:
- R.T. Briscoe: down 10.00% to N9.90, from N11.00.
- Critical Minerals Financing Corporation (CMFC): down 9.86% to N2.56, from N2.84.
- Sovereign Trust Insurance: down 9.73% to N2.04, from N2.26.
- Abbey Mortgage Bank: down 9.68% to N7.00, from N7.75.
- DAAR Communications: down 8.28% to N1.55, from N1.69.
Driving the…
Source link
Read Full Article by Kelechi Mgboji at nairametrics.com
Source link
