CMFC leads Nigerian stock market's N5.36 trillion September gain

The Nigerian stock market saw an aggregate market capitalization increase of N5.366 trillion in September, rising from N157.739 trillion to N163.105 trillion. The All-Share Index grew by 2.87 percent, closing at 251,211.67 points.

Critical Minerals Financing Corporation (CMFC) Plc was the top-performing stock, recording an average capital gain of 55.96 percent. This surge followed the recognition of CMFC President and Co-CEO, Dr Israel Ovirih, as one of Nigeria’s top 25 chief executives. CMFC’s market capitalization rose above N11.10 billion during the period.

Other notable gainers included UPDC Real Estate Investment Trust with a 45.42 percent increase, Zichis Agro Allied Industry at 36.77 percent, and the Nigerian Exchange Group at 35.68 percent. Seplat Energy also saw significant appreciation, rising by 29.9 percent.