Similarly, the swap capitalisation settled at N157.74 trillion, compared together with N158.33 trillion at the conclude of July, a decline of around N590 billion or 0.37%.
Sectoral output:
The Oil & Gas Index was September’s standout sector by a large margin, surging 18.86% to conclude at 6,246.86 points from 5,255.56 points — far ahead of every other usual sector index tracked during the month.
- The NGX Commodity Index gained 10.76%, closing at 1,948.37 points from 1,759.12 points.
- The Banking Index enhanced 3.36% to 2,712.10 points from 2,624.05 points, the second-leading performing usual sector.
- The Industrial Index posted a greater modest 1.25% obtain, closing at 10,440.27 points from 10,311.46 points.
- The Insurance Index was broadly flat but finished marginally lesser, slipping 0.18% to 1,087.10 points from 1,089.01 points.
The Consumer Goods Index was the weakest of the five accepted sectors, declining 0.58% to 4,058.25 points from 4,081.75 points.
Top 10 Leading-Performing Stocks:
- Critical Minerals Financing Corp — up 55.96% to N4.32 from N2.77
- Zichis Agro Allied Industries — up 36.77% to N19.90 from N14.55
- Nigerian Swap Collection — up 35.68% to N181.00 from N133.40
- Seplat Energy — up 29.86% to N16,000.10 from N12,320.60
- VFD Category — up 28.89% to N14.50 from N11.25
- ABC Transport — up 28.57% to N6.75 from N5.25
- Eterna — up 22.91% to N44.00 from N35.80
- Royal Swap — up 19.79% to N1.15 from N0.96Kobo
- Consolidated Hallmark Holdings — up 18.47% to N7.12 from N6.01
- McNichols Consolidated — up 12.22% to N5.05 from N4.50
Top 10 Lowest-Performing Stocks:
- Cross-border Energy Insurance — down -20.21% to N2.25
- Chams Holding Enterprise — down -20.05% to N3.19
- Austin Laz & Organization — down -19.12% to N2.20
- Tripple Gee and Organization — down -19.10% to N2.33
- Transcorp Power — down -18.94% to N178.00
- Regency Alliance Insurance — down -18.60% to N0.70
- Industrial & Medical Gases Nigeria — down -17.89% to N28.00
- Academy Press — down -17.07% to N5.10
- Haldane McCall — down -14.75% to N3.41
- R.T.
Nigerian equities closed September 2026 firmly in optimistic territory, alongside the judge NGX All-Offer Index (ASI) rising 2.87% over the month to conclude at 251,211.67 points from 244,199.39 points at the complete of August, as promote capitalisation expanded by N5.37 trillion, or 3.40%, to complete at on N163.10 trillion from N157.74 trillion.
The rally was led by a dramatic surge in Oil & Gas stocks, even as the broader gains were highly uneven across sectors, together with two of the five established equity-sector indices closing the month bottom.
The month’s rally marked the second constructive monthly seal in third quarter (Q3) of 2026 once the exchange recovered in July from June brutal correction but closed slightly bottom in the month of August.
At the conclude of August, the ASI declined to 244,199.39 points, down from 245,283.68 points at the finish of July, a decline of 1,084.29 points or 0.44%. Briscoe — down -12.28% to N10.00
Further insights:
Nigerian Exchange Established’s 35.68% monthly obtain in communicate price broadened a outstanding run that began in the final week of August.
The stock had already topped the weekly gainers’ chart together with a 13.85% transfer forward in August — meaning NGX Collection has now posted exceptional gains in two subsequent months, largely driven by expectations of sturdy turnover from the Dangote Refinery IPO.
- Seplat Energy’s 29.86% acquire, which took the stock from N12,320.60 to N16,000.10, aligns directly using the sector-extensive strength behind the Oil & Gas Index’s 18.86% monthly surge, confirming the stock as a key driver of that sectoral advance.
- Within huge-cap names outdoors the top 10, Fidelity Bank gained +8.25% (N20.00 to N21.65), Aradel Holdings rose +8.13% (N1,415.00 to N1,530.00), and Zenith Bank enhanced +5.18% (N127.40 to N134.00) — all reinforcing September’s extensive-based banking and energy strength.
Not every sizeable-cap moved in the same course: UBA declined -4.01% to N45.45, Admission Holdings fell -5.30% to N30.40, and BUA Cement slipped -3.88% to N297.00, even as the wider advertise developed.
What you should understand:
The Insurance sector’s continued weakness stands out against the broader swap’s strength: four of the month’s ten lowest performers — Multinational Energy Insurance, Regency Alliance Insurance, and others in the sector — came from insurance names, a pattern that has persisted across a lot of months in 2026.
- The Essential Bank of Nigeria’s Monetary Policy Committee’s 350-ground-proposal cut to 23% from 26.50% at its September 22 meeting contributed to the month’s spacious-based equity rally as investors rotated out of established proceeds.
- September’s final trading day saw some softening as the ASI closed at 251,211.67 points, down from an intraweek high of 252,635.11 points, together with promote capitalisation easing from adjacent to N163.53 trillion to N163.10 trillion on September 30 alone.
- Decisive Minerals Financing Corp’s 55.96% monthly acquire marks its second consecutive month in the midst of the trade’s standout performers, having moreover featured prominently in the September 25 weekly gainers’ chart.
Using the Oil & Gas and Commodity sectors delivering the bulk of September’s gains and the rate-cut environment still operating its route by method of the vend, October’s output will provide an in a little while indicator of whether the rotation into equities — and explicitly into energy names — has extra room to run, or whether the Insurance and Consumer Goods sectors’ underperformance begins to drag on the broader index.
Source: Best performing Nigerian stocks for the month of September 2026
