Figures cited by Punch show that the Nigerian Exchange extended its advance to a fifth straight session on Wednesday, with market capitalisation increasing by N316 billion to N158.715 trillion. The All-Share Index rose 0.20 per cent to 244,791.79 points.
The rally was supported by gains in several large and mid-cap stocks, including Nigerian Exchange Group, MTN Nigeria, Nigerian Breweries, Transcorp and Champion Breweries. Punch linked the positive mood partly to investor interest surrounding the planned Dangote Refinery listing.
BusinessDay and The Guardian’s business coverage have also tracked the recent strength of the NGX and the market’s reaction to major corporate transactions. The Guardian has reported sizeable changes in NGX capitalisation, while market reporting across both outlets has highlighted the influence of large listings and investor positioning.
Independent confirmation supports the broader market rally, although the exact N316 billion daily gain is best treated as the exchange-session figure reported by Punch. The trend should not be read as a guarantee of continued gains.
Echotitbits take: The market’s next test is whether the rally broadens beyond a handful of large companies. Trading volume, the performance of banks and industrial stocks, and investor response to major listings will help show whether the move is broad-based or concentrated.
Source: Punch – https://punchng.com/equities-rally-extends-to-fifth-session-market-gains-n316bn/, 2026-09-17
Punch
Photo Credit: Daily Post
