NGX Market Cap Surges to Record N163 Trillion, ASI Up 0.23%
Nigerian Exchange Limited (NGX) market capitalisation hit a record N163.06 trillion on Wednesday, September 23, 2026, rising 0.23% from N162.68 trillion the previous day. The benchmark All-Share Index (ASI) gained 0.23% (+576.36 points) to close at 251,191.02 points, its highest level for the week. Trading activity surged, with equity volume reaching 1.59 billion shares—an 89.9% increase from Tuesday’s 837.2 million—executed across 49,736 deals.
The rally was led by banking and tier-one equities. ETERNA Plc topped gainers, jumping 10.00% to N38.50, followed by Thomas Wyatt Nigeria Plc (+9.88% to N2.78) and Critical Minerals Financing Corp Plc (+9.76% to N2.70). On the loser side, Caverton Offshore Support Group Plc fell 9.09% to N4.00, while University Press Plc dropped 9.00% to N4.55.
Sectorally, the NGX Banking Index advanced to 2,748.63 points, the Insurance Index rebounded to 1,093.23 points, and Consumer Goods expanded to 4,092.56 points. The Industrial Index slightly dipped to 10,463.54 points. Market breadth was strongly positive, with 43 stocks advancing against 20 declining.
For investors, the broad-based buying signals renewed confidence in the Nigerian equities market. Consider reviewing exposure to banking and insurance stocks that drove the gains, while noting the modest dip in industrial shares. The debt market remained stable, with sovereign bond and commodity indices unchanged.