The Nigerian equities market rebounded on Thursday, August 27, 2026, ending an 11-day consecutive losing streak, as investor sentiment was buoyed by FTSE Russell’s confirmation of Nigeria’s reclassification from “Unclassified” to Frontier Market status.
The benchmark NGX All-Share Index (ASI) advanced 0.20% to close at 239,156.09 points, up from 238,682.92 points in the previous session, gaining 473.17 points during the session.
Market capitalisation rose to N154.44 trillion from N154.14 trillion, adding approximately N305.56 billion to investor wealth, while the market’s year-to-date return improved to 53.69%.
The rebound, though welcome after more than a week of sustained profit-taking, was driven primarily by strength in banking stocks rather than broad-based buying, with market breadth remaining firmly negative even as the index posted its first gain in nearly two weeks.
Market summary:
- All-Share Index (ASI): 239,156.09 points, up 0.20%.
- Market capitalisation: N154.44 trillion, up 0.20%.
- Market value gained: Approximately N305.56 billion.
- Year-to-date (YTD) market return: +53.69%.
- Trading volume: 499.96 million shares, down 31.83%.
- Market turnover (value traded): N35.15 billion, up 1.80%.
- Total deals: 40,323, down 18.06%.
- Market breadth: 20 stocks gained during the session, while 39 declined.
Top 5 Gainers:
- Omatek: up 9.60% to N1.37, from N1.25.
- Cornerstone Insurance: up 9.18% to N5.35, from N4.90.
- AXA Mansard: up 9.09% to N12.00, from N11.00.
- Abbey Mortgage Bank: up 6.25% to N8.50, from N8.00.
- FirstHoldCo: up 4.65% to N135.00, from N129.00.
Top 5 Losers:
- Fidson Healthcare: down 9.98% to N75.80, from N84.20.
- International Energy Insurance: down 9.84% to N2.84, from N3.15.
- Learn Africa: down 9.84% to N8.70, from N9.65.
- DAAR Communications: down 8.61% to N1.38, from N1.51.
- Legend Internet: down…
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Read Full Article by Kelechi Mgboji at nairametrics.com
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