{"id":9931,"date":"2026-09-02T08:25:09","date_gmt":"2026-09-02T08:25:09","guid":{"rendered":"https:\/\/ograsset.com\/?p=9931"},"modified":"2026-09-02T08:25:10","modified_gmt":"2026-09-02T08:25:10","slug":"nigerian-equities-extend-rally-as-asi-crosses-246000-points-gain-n1-22-trillion","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/09\/02\/nigerian-equities-extend-rally-as-asi-crosses-246000-points-gain-n1-22-trillion\/","title":{"rendered":"Nigerian equities extend rally as ASI crosses 246,000 points, gain N1.22 trillion"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"975\" height=\"489\" src=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-11.png\" alt=\"\" class=\"wp-image-9932\" srcset=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-11.png 975w, https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-11-300x150.png 300w, https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-11-768x385.png 768w\" sizes=\"auto, (max-width: 975px) 100vw, 975px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The Nigerian equities market sustained its bullish momentum on Tuesday, September 1, 2026, with the benchmark NGX All-Share Index (ASI) rising above the 246,000-point mark once again since August 11 when it closed at 246,723.57 points, extending gains from the previous session.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ASI advanced 0.77% to close at 246,082.63 points, up from 244,199.39 points in the previous session, gaining 1,883.24 points during the trading day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Market capitalisation rose to N158.96 trillion from N157.74 trillion, adding approximately N1.22 trillion to investor wealth, while the market\u2019s year-to-date return strengthened to 58.14%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Market summary:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>All-Share Index (ASI): 246,082.63 points, up 0.77%.<\/li>\n\n\n\n<li>Market capitalisation: N158.96 trillion, up 0.77%.<\/li>\n\n\n\n<li>Market value gained: Approximately N1.22 trillion.<\/li>\n\n\n\n<li>Year-to-date (YTD) market return: +58.14%.<\/li>\n\n\n\n<li>Trading volume: 651.32 million shares, up 7.44%.<\/li>\n\n\n\n<li>Market turnover (value traded): N40.77 billion, up 5.35%.<\/li>\n\n\n\n<li>Total deals: 43,760, down 18.16%.<\/li>\n\n\n\n<li>Market breadth: 40 stocks gained during the session, while 19 declined.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Top 5 Gainers:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>FTN Cocoa Processors: up 10.00% to N8.25, from N7.50.<\/li>\n\n\n\n<li>McNichols: up 10.00% to N4.95, from N4.50.<\/li>\n\n\n\n<li>SUNU Assurances: up 9.94% to N3.43, from N3.12.<\/li>\n\n\n\n<li>Sovereign Trust Insurance: up 9.57% to N2.06, from N1.88.<\/li>\n\n\n\n<li>Caverton Offshore Support Group: up 9.52% to N4.60, from N4.20.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Top 5 Losers:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tripple Gee &amp; Company: down 9.72% to N2.60, from N2.88.<\/li>\n\n\n\n<li>ABC Transport: down 9.52% to N4.75, from N5.25.<\/li>\n\n\n\n<li>NAHCO: down 9.22% to N136.35, from N150.20.<\/li>\n\n\n\n<li>RT Briscoe: down 9.21% to N10.35, from N11.40.<\/li>\n\n\n\n<li>UPDC REIT: down 4.93% to N13.50, from N14.20.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Driving the numbers:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The session\u2019s gains were led by a sharp rally in Aradel Holdings and Nestl\u00e9 Nigeria, whose advances outpaced even the banking heavyweights that also closed broadly positive.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Aradel Holdings surged 8.83% to close at N1,539.90 from N1,415.00, standing out as the most significant large-cap mover of the session and driving much of the strength in the Oil &amp; Gas Index.<\/li>\n\n\n\n<li>Nestl\u00e9 Nigeria advanced 5.83% to N2,995.00 from N2,830.00, its strongest single-session gain in recent weeks.<\/li>\n\n\n\n<li>HBM Nigeria added 4.5%, while Oando gained 2.94% to N35.00.<\/li>\n\n\n\n<li>Banking stocks also had a broadly positive session, with Access Holdings up 1.25% to N32.50.<\/li>\n\n\n\n<li>First HoldCo advanced 1.17% to N146.70.<\/li>\n\n\n\n<li>UBA gained 1.06% to N47.85.<\/li>\n\n\n\n<li>Zenith Bank rose 0.71% to N128.30.<\/li>\n\n\n\n<li>GTCO appreciated 0.45% to N133.60.<\/li>\n\n\n\n<li>Stanbic IBTC edged up 0.26% to N156.50.<\/li>\n\n\n\n<li>Nigerian Breweries gained marginally, up 0.13% to N75.10.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">On the downside, Unilever Nigeria stood out as the session\u2019s most notable large-cap decliner, falling 3.51% to N110.00, a particularly significant move given its size within the consumer goods space. Transcorp declined 1.63% to N36.15, and FCMB eased 0.43% to N11.65.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Sector performance:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Sectoral performance was broadly positive across the board, with the Oil &amp; Gas Index emerging as the standout performer.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The NGX Oil &amp; Gas Index surged 3.87% to close at 5,458.84 points, from 5,255.56 points, the session\u2019s strongest sectoral move.<\/li>\n\n\n\n<li>The Insurance Index advanced 3.34% to 1,125.41 points, followed by the Commodity Index, up 2.58% to 1,804.59 points.<\/li>\n\n\n\n<li>The Banking Index rose 0.87% to 2,646.98 points, matched by the Consumer Goods Index, also up 0.87% to 4,117.44 points.<\/li>\n\n\n\n<li>The Industrial Index gained 0.71% to 10,385.06 points, while the CG Index advanced to 7,242.68 points from 7,182.52 points.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Market breadth remained strongly positive, with 40 gainers comfortably outpacing 19 decliners, reflecting broad-based buying interest across the market for a second consecutive session.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Volume and value contribution:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Trading activity was mixed but generally supportive of the rally.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Total volume traded rose 7.44% to 651.32 million shares, while turnover value increased 5.35% to N40.77 billion.<\/li>\n\n\n\n<li>However, the deal count declined 18.16% to 43,760 transactions.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Access Holdings was the most traded stock by volume at 129.89 million units, while MTN Nigeria led by value at N4.69 billion.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>What you should know:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Tuesday\u2019s rally extends the market\u2019s positive momentum into September, with the ASI now up 0.77% month-to-date, building on August\u2019s strong finish and continued optimism following the FTSE Russell reclassification confirmation.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Aradel Holdings\u2019 and Nestl\u00e9 Nigeria\u2019s exceptional gains stood out as the market performance driver amid a generally bullish trend.<\/li>\n\n\n\n<li>Unilever Nigeria\u2019s 3.51% decline seems to continue the stock\u2019s weak run through August, when it posted one of the sharpest monthly declines among major consumer goods names.<\/li>\n\n\n\n<li>With Oil &amp; Gas and Insurance leading sector gains for a second straight session, investor rotation into previously underperforming segments appears to be gaining traction ahead of the market\u2019s September 21 return to Frontier Market status.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Looking ahead, the market is expected to sustain its positive momentum as investor sentiment continues to improve, buoyed by the FTSE Russell reclassification confirmation.<\/p>\n\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/nairametrics.com\/2026\/09\/02\/nigerian-equities-extend-rally-as-asi-crosses-246000-points-gain-n1-22-trillion\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian equities market sustained its bullish momentum on Tuesday, September 1, 2026, with the benchmark NGX All-Share Index (ASI) rising above the 246,000-point mark once again since August 11 when it closed at 246,723.57 points, extending gains from the previous session. The ASI advanced 0.77% to close at 246,082.63 points, up from 244,199.39 points&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/ograsset.com\/index.php\/2026\/09\/02\/nigerian-equities-extend-rally-as-asi-crosses-246000-points-gain-n1-22-trillion\/\" class=\"excerpt-read-more\">Read More \u2192<\/a><\/p>\n","protected":false},"author":2,"featured_media":9932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-9931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fit-row"],"jetpack_featured_media_url":"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-11.png","_links":{"self":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/9931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/comments?post=9931"}],"version-history":[{"count":2,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/9931\/revisions"}],"predecessor-version":[{"id":9934,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/9931\/revisions\/9934"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media\/9932"}],"wp:attachment":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media?parent=9931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/categories?post=9931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/tags?post=9931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}