The Nigerian equities market started the week on a positive note, with the Nigerian Exchange Limited (NGX) All-Share Index gaining 0.10% to close at 243,299.24 points on Monday, September 14, 2026. The modest advance added about N159.8 billion to the market’s capitalisation, which ended at N157.75 trillion, up from N157.59 trillion in the previous session.
The NGX gain of 0.10% came as the Dangote Refinery IPO opened for subscription, attracting significant attention from investors and adding another major development to an already active market. Monday’s performance also extended the equities market’s winning streak to four consecutive sessions, lifting its year-to-date return to 56.35%. However, market breadth weakened, with 28 stocks closing lower compared with 19 gainers.
Banking stocks provided much of the support for the market, with the NGX Banking Index rising 0.68% to 2,546.04 points. Fidelity Bank gained 5.3%, First HoldCo advanced 3.7%, while Custodian Investment rose 7.1%. Nestlé Nigeria also gained 3.6%, offering some support to the broader market despite weakness in the Consumer Goods sector. NGX Group was the day’s biggest gainer, climbing 10% to N162.80.
On the other side, selling pressure weighed on several stocks. John Holt emerged as the biggest loser, falling 10% to N8.10, while Daar Communications declined 9.8% to N1.38. Ellah Lakes, Regency Alliance Insurance and Learn Africa also recorded notable losses. Sector performance was mixed, with the Banking Index emerging as the strongest performer, while Insurance fell 0.53%, Consumer Goods declined 0.23%, and Oil/Gas slipped 0.05%.
Trading activity also slowed during the session, with total volume falling 22.41% to 428.97 million shares and market turnover declining 20.42% to N20.52 billion. Despite the lower trading value, the number of deals increased by 19.51% to 54,592. With the N2.15 trillion Dangote Refinery IPO now underway and the subscription window scheduled to close on October 13, investors are expected to remain cautious as they balance opportunities in the new offer with existing positions across the equities market.
source: nairametrics
