Nigerian Exchange All-Share Index Rises On Positive Breadth

A view of the trading floor at the Nigerian Exchange Group.

AFRICAN STOCKS AND FINANCESeptember 21, 2026 at 10:01 PM UTC

TLDR

Nigerian Exchange All-Share Index rose 0.14% to 250,156.80 basis points.
Market capitalization increased by ₦228.25 billion.
Banking and consumer goods sectors recorded gains.

The Nigerian Exchange All-Share Index rose on September 21, 2026. The index gained 0.14%, closing at 250,156.80 basis points. Market capitalization increased by ₦228.25 billion, reaching ₦162.39 trillion. Market breadth was positive, with 41 stocks advancing, 28 declining, and 77 closing unchanged. The market showed resilience, maintaining its position above 250,000 basis points. Intraday trading saw the index pull back and regain momentum, closing with a bullish hammer candlestick pattern.

Several sectors recorded gains. The banking sector index rose 0.68%, closing at 2,658.95 basis points. This sector showed strong volume, liquidity, and momentum. The consumer goods index gained 0.6%, reaching 7,529.68 basis points and a new 52-week high. This performance strengthened its markup phase. The industrial index advanced 0.43% to 10,354.72 basis points, continuing its recovery with strong momentum. The insurance sector saw a subdued gain of 0.33%, closing at 1,102.93 basis points. This sector experienced profit-taking, with investors buying into value.

The oil and gas sector index declined 0.41%, closing at 6,008.86 basis points. This sector saw profit-taking, with its liquidity and momentum declining. The index closed below its moving average.

Among individual stocks, NASCON led gainers, rising 10.00%. OMATEK and SUNUASSUR also gained 10.00%. Guaranty Trust Holding Company shares increased 3.00%. ACCESSCORP gained 2.74%, while FIDELITY rose 1.31%. NEIMETH advanced 8.96%. OKOMUOIL led losers, falling 10.00%. UBA declined 0.79%, and ETI fell 0.52%. TRIPPLE also fell 4.17%.

Trading activity saw 574.12 million shares traded across 68,506 deals. Total value reached ₦38.04 billion. ZENITHBANK was the most active stock by volume, with 77.07 million shares traded.

Key Takeaways

The Nigerian Exchange demonstrated resilience on September 21, 2026, with the All-Share Index sustaining momentum, liquidity, and volume despite an intraday pullback. This performance suggests continued bullish sentiment and attracts investment opportunities. The market closed with a bullish hammer candlestick pattern, reinforcing expectations of ongoing positive momentum. The banking sector showed strong bullish signals, with its MACD generating a buy signal, and its volume, liquidity, and momentum remained strong. The industrial sector also initiated a bullish MACD signal, continuing its recovery, though its liquidity remained low. The consumer goods sector continued its lead in performance, reaching a new 52-week high and strengthening its markup phase, making fundamentally strong stocks in this area viable for investment. Conversely, the oil and gas sector showed signs of profit-taking, with its MACD sustaining a divergence signal indicating continued bearishness, and its liquidity and momentum declined. The insurance sector also experienced profit-taking, but investors bought into value during strong bearish moments, suggesting potential for recovery. Analysts advise watching insurance, banking, and oil and gas sectors for breakouts as they trade within critical zones and show recovery phases.