The Nigerian stock market started the week higher on Monday, with the NGX All-Share Index rising 0.29% to 247,699.78 points. Zichis led the gainers with a 9.97% jump, while Aradel and MTN Nigeria also advanced, as investors traded ₦27.25 billion worth of equities across 52,322 deals.
The Nigerian equities market started the new trading week on a positive note on Monday, September 7, 2026, as sustained buying interest across selected stocks pushed the benchmark NGX All-Share Index (ASI) higher.
The NGX ASI advanced by 707.34 points, representing a 0.29 per cent increase, to close at 247,699.78 points, compared with 246,992.44 points recorded at the previous trading session.
The gain extended the market's upward movement as investors continued to position themselves in selected large-cap and mid-cap stocks. At Monday's close, the market's equity capitalisation increased to approximately ₦160.60 trillion, reflecting the positive movement in share prices.
Despite the positive movement in the benchmark index, overall trading activity was relatively mixed. Investors executed 52,322 deals during the session, while total traded volume stood at 407.85 million shares.
The market recorded a total transaction value of ₦27.25 billion, indicating substantial investor participation despite the relatively moderate volume compared with some recent sessions.
The combination of more than 52,000 transactions and over ₦27 billion in traded value suggests that market activity remained broad, although trading was concentrated in a number of heavily traded banking and consumer stocks.
Zichis emerged as the best performing stock on the NGX on Monday, climbing 9.97 per cent from ₦16.55 to ₦18.20. The stock was closely followed by Aradel Holdings, which gained 5.38 per cent, rising from ₦1,489.80 to ₦1,570.00.
Other notable gainers included NSLTECH, which advanced 4.29 per cent from ₦0.70 to ₦0.73, while International Breweries (INTBREW) rose 3.02 per cent to ₦10.25.
Telecommunications giant MTN Nigeria (MTNN) also contributed to the positive market tone, gaining 2.45 per cent to close at ₦832.90, up from ₦813.00. The performance of MTNN is particularly notable given the stock's significant market capitalisation and its potential influence on the broader index.
Omatek Ventures and Caverton Offshore Support Group were the session's worst-performing equities, with both stocks declining by 10.00 per cent. Omatek fell from ₦1.70 to ₦1.53, while Caverton dropped from ₦4.50 to ₦4.05.
The FGSUK2027S3 instrument declined 9.85 per cent, while Consolidated Hallmark Insurance (CMFC) also lost 9.85 per cent, falling from ₦2.64 to ₦2.38. Sunu Assurances completed the top five decliners, dropping 9.42 per cent from ₦3.29 to ₦2.98.
Banking stocks dominated the most actively traded equities by value during Monday's session. Guaranty Trust Holding Company (GTCO) recorded the highest transaction value among the top five most traded stocks, with 16.97 million shares changing hands in transactions worth approximately ₦2.24 billion.
Nigerian Breweries (NB) followed, recording 14.45 million shares traded with a total value of approximately ₦1.18 billion.
Access Holdings (ACCESSCORP) recorded the highest volume among the leading actively traded stocks, with more than 40.04 million shares exchanged in deals valued at approximately ₦1.19 billion.
FCMB Group also recorded significant activity, with 25.64 million shares worth approximately ₦297.66 million traded, while Sterling Financial Holdings recorded 18.06 million shares valued at approximately ₦136.91 million.
Monday's performance points to a market that remains firmly supported by buying interest, although the relatively modest 0.29 per cent rise in the ASI shows that gains were not uniformly distributed across the market.
The advance was supported by strong performances from individual stocks, particularly Zichis, Aradel Holdings and MTN Nigeria, while losses in several other equities demonstrated that investors continued to differentiate between stocks rather than buying indiscriminately across the market.
The increase in the number of deals to 52,322 also highlights active participation at the start of the week. However, with total traded value at ₦27.25 billion, investors will likely watch subsequent sessions to determine whether the positive momentum can attract stronger institutional participation and push the index further above the 247,000-point level.
For now, the Nigerian equities market has begun the week on a positive footing, with the NGX ASI closing at a fresh 247,699.78 points and total market capitalisation reaching approximately ₦160.60 trillion.
The direction of large-cap stocks, particularly banking, telecommunications and energy names, is likely to remain important in determining whether the market can sustain its upward trajectory through the week.
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