The Nigerian equities market extended its recovery for a second consecutive session on Friday, September 11, 2026, as the benchmark All-Share Index (ASI) rose 0.28% to close at 243,052.74 points, adding approximately N437.40 billion to market capitalisation.
The gain builds on Thursday’s modest N100 billion recovery, bringing the year-to-date return to +56.19%.
Notably, market breadth turned decisively positive, with 31 stocks advancing against 18 decliners — a marked improvement from the negative breadth seen through much of the week.
NGX Group was Friday’s most significant large-cap gainer, surging 8.03% to close at N148.00, its strongest single-session move among blue-chip names.
Among smaller-cap names, the session’s biggest percentage movers were led by Abbey Mortgage Bank and UPDC REIT, both hitting the 10.00% daily limit, while John Holt led the losers, also down 10.00%.
Trading activity slowed sharply from Thursday’s elevated levels, with volume falling 60.48% to 552.89 million shares.
Thursday’s FTGINSURE-driven volume spike was a one-off rather than the start of a sustained acceleration in activity.
Friday’s session marks a second straight day of gains for the NGX, with the market recovering further from Wednesday’s N1.67 trillion sell-off, even as volumes remain well below the levels seen earlier in the week.
With the subscription window opening September 14 and Nigeria’s reclassification to Frontier Market status by FTSE Russell taking effect from September 21, the coming sessions will likely test whether this week’s late recovery can hold.
