Sep 20, 2026 · 8 min · 10 segments
This week on *Markets Talk*, we break down two very different market stories across the BRVM and NGX. Nigeria’s NGX All-Share Index rebounded strongly as gains spread across several major sectors…
Market capitalization also increased 2.90% to N162.157 trillion.
The strength of the rebound was not limited to just a few stocks.
52 equities gained during the week, compared with only nine the week before.
Meanwhile, 32 stocks declined, down sharply from 80 in the previous week.
Why does that matter? A market rally supported by a wider range of companies can signal broader investor confidence than a rally driven by only one or two large stocks.
It does not guarantee that prices will keep rising, but it tells us that buying interest became much more widespread.
Banking stocks gained 4.43% during the week.
Oil and gas rose 3.71%, while industrial goods advanced 3.12%.
Among the NGX's top performers, UPDC Real Estate Investment Trust jumped 34.91% to N18.55. Sovereign Trust Insurance rose 30.95% to N2.20. Mutual Benefits Assurance gained 22.03% to N3.60. Nigerian Exchange Group advanced 21.55%, while First Holdco gained 17.65%.
trading activity was also significant.
Investors exchanged about 3.25 billion shares worth almost N238 billion during the week.
The number of shares traded declined from the previous week, but the total value traded rose sharply.
Financial services accounted for almost 80% of total trading volume.
Market capitalization also increased 2.90% to N162.157 trillion.
The strength of the rebound was not limited to just a few stocks.
52 equities gained during the week, compared with only nine the week before.
Meanwhile, 32 stocks declined, down sharply from 80 in the previous week.
Why does that matter? A market rally supported by a wider range of companies can signal broader investor confidence than a rally driven by only one or two large stocks.
It does not guarantee that prices will keep rising, but it tells us that buying interest became much more widespread.
Banking stocks gained 4.43% during the week.
Oil and gas rose 3.71%, while industrial goods advanced 3.12%.
Among the NGX's top performers, UPDC Real Estate Investment Trust jumped 34.91% to N18.55. Sovereign Trust Insurance rose 30.95% to N2.20. Mutual Benefits Assurance gained 22.03% to N3.60. Nigerian Exchange Group advanced 21.55%, while First Holdco gained 17.65%.
trading activity was also significant.
Investors exchanged about 3.25 billion shares worth almost N238 billion during the week.
The number of shares traded declined from the previous week, but the total value traded rose sharply.
Financial services accounted for almost 80% of total trading volume.
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