Nigerian Breweries delivered the standout move of Friday, September 4, 2026’s trading session, surging 9.93% to close at N82.45 from N75.00, single-handedly anchoring the Nigerian equities market’s advance.
The blue chip’s big leap, supported by Aradel Holdings and a couple of others, helped push the benchmark NGX All-Share Index (ASI) to its highest level of the week even as decliners outnumbered gainers across the broader market.
The ASI rose 0.25% to close at 246,992.44 points, up from 246,388.22 points in the previous session, while market capitalisation climbed to N159.56 trillion from N159.15 trillion, adding approximately N405.67 billion to investor wealth. The market’s year-to-date return strengthened to 58.72%.
Despite Nigerian Breweries’ outsized contribution to the day’s gains, investor sentiment stayed cautious with 31 stocks declining against 28 advancers.
Market summary:
- All-Share Index (ASI): 246,992.44 points, up 0.25%.
- Market capitalisation: N159.56 trillion, up 0.25%.
- Market value gained: Approximately N405.67 billion.
- Year-to-date (YTD) market return: +58.72%.
- Trading volume: 2.24 billion shares, up 416.66%.
- Market turnover (value traded): N73.41 billion, up 150.55%.
- Total deals: 42,709, up 0.96%.
- Market breadth: 28 stocks gained during the session, while 31 declined.
The week’s range saw the ASI hit its highest point of 246,992.44 on Friday, while its lowest came at 244,199.39 on Monday, August 31.
Top 5 Gainers:
- Abbey Mortgage Bank: up 10% to N7.70, from N7.00.
- Royal Exchange: up 10% to N1.10, from N1.00.
- Nigerian Breweries: up 9.93% to N82.45, from N75.00.
- John Holt: up 9.89% to N10.00, from N9.10.
- DAAR Communications: up 9.68% to N1.70, from N1.55.
Top 5 Losers:
- Red Star Express: down 10% to N13.95, from N15.50.
- Haldane McCall: down 10% to N3.60, from N4.00.
- Industrial…
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Read Full Article by Kelechi Mgboji at nairametrics.com
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