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The NGX All-Share Index rose 1.42 percent to 249,804.56 points, while market capitalisation climbed ₦2.27trn to ₦162.16trn.
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MTN Nigeria led activity among major stocks, gaining 9.20 percent to ₦890, while 36 stocks advanced against 22 decliners.
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C&I Leasing and FTG Insurance topped the gainers’ chart with 10 percent increases, while Transcorp Power fell 9.96 percent to lead decliners.
September 18, (THEWILL) – Nigeria’s equities market closed the week on a positive note on Friday, with market capitalisation rising by ₦2.27 trillion as buying interest across several stocks lifted the benchmark NGX All-Share Index.
Market capitalisation increased from ₦159.892 trillion at the open to ₦162.157 trillion at the close, representing a ₦2.265 trillion gain during the session.
The All-Share Index also advanced from 246,315.38 points to 249,804.56 points, translating to a 3,489.18-point or 1.42 percent increase.
Market breadth was positive, with 36 stocks recording price gains compared with 22 decliners.
Gainers
CILEASING surged 10.00 percent (₦5.00 to ₦5.50)
FTGINSURE surged 10.00 percent (₦1.50 to ₦1.65)
MTNN jumped 9.20 percent (₦815.00 to ₦890.00)
NSLTECH climbed 9.09 percent (₦0.66 to ₦0.72)
MBENEFIT climbed 9.09 percent (₦3.30 to ₦3.60)
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Decliners
TRANSPOWER plunged 9.96 percent (₦197.70 to ₦178.00)
CADBURY slumped 9.32 percent (₦58.45 to ₦53.00)
OMATEK fell sharply 8.40 percent (₦1.31 to ₦1.20)
SOVRENINS declined 6.78 percent (₦2.36 to ₦2.20)
ELLAHLAKES slipped 5.11 percent (₦8.80 to ₦8.35)
Stocks such as HBM NIGERIA PLC, SEPLAT ENERGY PLC, CUSTODIAN INVESTMENT PLC, JOHN HOLT PLC, JULIUS BERGER NIGERIA PLC and CHAMPION BREWERIES PLC also featured in the session.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
