Suara Sherif
Investor’s confidence in the Nigerian capital market reached a fever pitch this week as a powerful rally, driven by robust institutional demand and strong financial-sector results, propelled the benchmark index to fresh highs.
The Nigerian Exchange (NGX) closed the first week of September 2026 on a decisive bullish trajectory.
The All-Share Index (ASI) soared by 2.36 per cent, climbing from 241,298.47 points to settle at 246,992.44 points.
This upward momentum translated directly into wealth creation, with aggregate market capitalization expanding by 2.40 per cent to close at N159.559 trillion.
Market breadth was overwhelmingly positive, with profitability driven by heavy trading activity.
The exchange recorded a dramatic spike in liquidity, with total turnover volume nearly doubling week on week.
Investors traded 4.360 billion shares valued at N210.331 billion across 223,284 transactions, a sharp acceleration from the 2.507 billion shares (N123.223bn) exchanged the prior week.
Analysts attribute the rally to sustained buying pressure in the banking and industrial goods sectors, suggesting that the domestic bourse remains a primary destination for funds seeking inflation-hedging returns.
