TUE SEPT 08 2026-theGBJournal| Nigeria’s equities market started the week on a positive footing on Monday, with gains in MTNN, ARADEL, INTBREW, MBENEFIT and SOVRENINS helping push the benchmark All-Share Index higher.
The All-Share Index rose 0.3% to close at 247,699.78 points, supported by a 2.5% gain in MTNN, while ARADEL climbed 5.3%, INTBREW gained 3.0%, MBENEFIT advanced 1.0% and SOVRENINS rose 2.2%.
The session lifted the market’s Month-to-Date and Year-to-Date returns to +1.4% and +59.2%, respectively, underscoring the strong performance of Nigerian equities so far this year despite mixed sectoral trading.
Market capitalisation also advanced by N1.04 trillion, or 0.65%, to close at N160.60 trillion.
Trading activity, however, was significantly lower.
Total volume traded declined by 81.8% to 407.85 million units, valued at NGN27.25 billion and exchanged in 52,322 deals.
ACCESSCORP was the most traded stock by volume, with 40.04 million units changing hands, while ARADEL led trading by value at NGN7.59 billion.
Performance across the major sectors was mixed.
The Oil & Gas index was the strongest performer, advancing 2.2%, while the Insurance index declined 1.2%.
The Banking index fell 0.7%, and the Consumer Goods index slipped 0.1%. The Industrial Goods index closed flat.
Despite the gain in the headline index, market sentiment remained negative at 0.3x, as 42 tickers gained relative to 12 losers.
ARADEL (+5.4%) and NSLTECH (+4.3%) led the gainers, while CAVERTON (-10.0%) and OMATEK (-10.0%) recorded the most significant losses of the day.
The session therefore reflected a market advancing on the strength of selected large and actively traded stocks, even as activity weakened sharply and several sectors remained under pressure.
Nigeria’s equities market started the week on a positive footing on Monday, with gains in MTNN, ARADEL, INTBREW, MBENEFIT and SOVRENINS helping push the benchmark All-Share Index higher.
Meanwhile, the official FX rate closed firm at N1,320.60/USD at NAFEM, while the BDC rate also closed flat at N1,390/US$1, widening the spread to 5.26% from 5.21%.
Nigeria’s external reserves increased by 0.79% to $54.13 billion as of 4 September 2026, extending the recent improvement in the country’s reserve position.
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