NGX Trading Value Crosses N40 Billion as Liquidity Strengthens for Second Straight Session

Buying momentum on the Nigerian Exchange (NGX) gathered further pace on Tuesday after trading value rose above N40 billion, the highest level recorded in the recent recovery as investors continued deploying fresh capital into the equity market.

Investors traded 651.32 million shares worth N40.77 billion in 43,760 deals, according to trading data for September 1, 2026.

The latest performance builds on Monday’s strong session, when 606.19 million shares valued at N38.70 billion changed hands in 53,471 deals, confirming that investor participation remained robust despite a decline in the number of executed transactions.

The rise in trading value is particularly significant when viewed against the market’s recent trajectory.

On August 24, total transactions stood at N23.83 billion. Trading value subsequently increased to N34.52 billion on August 26, rose further to N35.15 billion on August 27, climbed to N38.70 billion on August 31, and reached N40.77 billion on September 1.

The progression shows that liquidity has strengthened consistently over successive trading sessions rather than being driven by a single day’s activity.

Unlike periods when turnover rises solely because of higher-priced stocks, Tuesday’s session also recorded an increase in trading volume.

Total shares traded expanded from 606.19 million on August 31 to 651.32 million, indicating that investors committed more capital while trading a larger number of shares.

Although the number of deals declined from 53,471 to 43,760, the higher transaction value suggests that the average size of trades increased, pointing to larger capital commitments during the session.

Market performance reflected the improving liquidity.

The NGX All-Share Index (ASI) advanced 0.77 percent to close at 246,082.63 points, extending Monday’s 1.20 percent gain and pushing the benchmark index further above the 244,000-point level.

Equity market capitalisation also continued its upward trajectory, rising from N157.739 trillion on August 31 to N158.956 trillion, adding another N1.22 trillion in investor wealth in a single trading session.

Compared with August 27, when market capitalisation stood at N154.442 trillion, listed equities have gained more than N4.5 trillion in value over three trading sessions.

Banking stocks once again accounted for a significant share of market liquidity.

Access Holdings Plc remained the market’s most actively traded stock by volume after investors exchanged 129.89 million shares worth N4.16 billion, improving on the 126.54 million shares traded the previous session.

GTCO Plc also maintained strong institutional interest with 32.10 million shares valued at N4.29 billion changing hands, while Nigerian Breweries Plc ranked among the day’s largest trades by value.

The continued dominance of these large-cap stocks suggests institutional investors remained active as liquidity improved across the market.

Beyond banking stocks, buying interest continued to broaden.

Insurance counters such as SUNU Assurance Plc and Sovereign Trust Insurance Plc recorded another day of strong gains after leading the market on August 31, while McNichols Plc and FTN Cocoa Processors Plc joined the day’s top performers.

The wider distribution of buying interest indicates that investor participation is gradually spreading beyond the financial sector, a notable change from the narrower rallies recorded earlier in the period.

Another important development was the renewed activity in fixed-income securities.

Unlike the previous trading session, when the bond prices provided remained largely unchanged, several Federal Government securities recorded gains, suggesting that investors were actively deploying capital across multiple asset classes rather than focusing exclusively on equities.

The latest trading data points to a market where liquidity is not only increasing but becoming more sustainable.

Trading value has now risen for five observed sessions from N23.83 billion on August 24 to N40.77 billion on September 1—while the benchmark index and market capitalisation have advanced alongside stronger turnover.

Taken together, these trends suggest that investor confidence has strengthened materially over the past week with higher capital commitments, rising market values and broader participation reinforcing the Nigerian Exchange’s positive momentum.