FTSE Russell reclassification: NGX investors gain N228bn as market sustains 8-day rally

A caller section has opened for the Nigerian Exchange Limited, NGX, pursuing FTSE Russell’s reclassification of Nigeria from Unclassified to Frontier Market presumption on Monday, September 21, 2026.

The improvement triggered a N228 cardinal summation for investors arsenic the superior marketplace sustained its eight-day rally on Monday.

Specifically, NGX marketplace capitalisation, which opened astatine N162.157 trillion, appreciated by N228 billion, oregon 0.14 per cent, to adjacent astatine N162.385 trillion.

Similarly, the All-Share Index, ASI gained 0.14 per cent, oregon 352.24 points, to adjacent astatine 250,156.80, compared with 249,804.56 recorded on Friday.

Interestingly, the market’s year-to-date, YTD instrumentality roseate to 60.76 per cent, portion marketplace breadth closed positive, with 39 gainers and 26 losers.

Nascon Allied Industries, Sunu Assurances, Thomas Wyatt Nigeria, Critical Minerals Financing Corp and Omatek Ventures led the gainers’ chart, rising by 10 per cent each to adjacent astatine N176, N3.08, N2.53, N2.24 and N1.32 per share, respectively.

Conversely, Okomu Oil led the losers’ chart, declining by 10 per cent to adjacent astatine N1,276.20. Custodi...