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Nigerian Exchange All-Share Index sees 56.93% year-to-date growth
The Nigerian Exchange (NGX) All-Share Index (ASI) demonstrated significant year-to-date growth, appreciating by 56.93% as of late August 2026. This performance places the NGX among the four best-performing stock market indices in Africa, alongside markets in Ghana, Zimbabwe, and Tanzania.
While the market experienced some volatility and a slight decline in market capitalization during August—dropping from N158.33 trillion to N157.74 trillion—the period ended on a bullish note. Recent trading sessions saw the index rise, driven by bargain hunting in blue-chip and mid-cap stocks, particularly within the banking, consumer goods, and oil and gas sectors.
Key contributors to recent gains include Aradel Holdings, Access Holdings, Zenith Bank, and Nestlé Nigeria. Financial institutions such as Sterling Financial Holdings and Coronation Insurance also impacted market activity through new share listings. Despite earlier disruptions caused by the implementation of a new settlement structure that required pre-funding of transactions, investor confidence and liquidity appear to be recovering.
Entities
Access Holdings · Aradel Holdings · Coronation Insurance · MTNN · Nigerian Exchange Limited · SUNU Assurance · Sovereign Trust Insurance · Sterling Financial Holdings · Zenith Bank
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Sterling Financial Holdings and Coronation Insurance listed additional shares from private placements. bizwatchnigeria.ng
- [○ 1 SOURCE] Sunu Assurance and Sovereign Trust Insurance listed additional shares from rights issues. bizwatchnigeria.ng
- [○ 1 SOURCE] Subdued performance was partly due to disruptions from a new settlement structure requiring pre-funded transactions. phenomenal.com.ng
- [● 3 SOURCES] Market capitalisation declined by 0.37% during August, closing at N157.74 trillion. phenomenal.com.ng · bizwatchnigeria.ng
- [DISPUTED] The NGX All-Share Index rose 1.20% to close at 244,199.39 points on the final trading day of August. bizwatchnigeria.ng
- [● 2 SOURCES] The market recorded a year-to-date return of 56.93% at the end of August. bizwatchnigeria.ng