CMFC, UPDC REIT LEAD N5.37TN SEPTEMBER MARKET GAIN

The Nigerian Exchange recorded a N5.37tn increase in market capitalisation in September as investor activity pushed the broader equities market higher.

Trading data from the NGX showed that the All-Share Index rose by 2.87 per cent during the month, moving from 244,199.39 points to 251,211.67 points.

Critical Minerals Financing Corporation emerged as the best-performing stock, recording an average capital gain of 55.96 per cent.

UPDC Real Estate Investment Trust followed with a 45.42 per cent gain, while Zichis Agro Allied Industry rose by 36.77 per cent.

Other strong performers included Nigerian Exchange Group, which gained 35.68 per cent, Seplat Energy with 29.90 per cent, VFD Group with 28.89 per cent and ABC Transport with 28.57 per cent.

Eterna gained 22.91 per cent, Royal Exchange Assurance rose by 19.79 per cent, while Consolidated Hallmark Insurance appreciated by 18.47 per cent.

The broader market experienced portfolio rebalancing, profit-taking and primary market activity during the month.

Aggregate market capitalisation increased from N157.739tn to N163.105tn, representing a monthly gain of N5.366tn.

The September performance restored the benchmark index above the 250,000-point level as investors repositioned across different sectors of the market.