NGX holds above 250,000 points as insurance counters swing both ways in week to 25 September 2026

Nigerian equities entered the week at record levels: Nairametrics reported the All-Share Index rose 2.78% in the prior week to 249,804.56 points with market capitalisation at an all-time high of N162.157 trillion. The index stayed above the 250,000-point mark mid-week, closing at 250,156.80 points on 21 September (+0.14%) according to InvestData, which also listed Sovereign Trust Insurance (+9.95%) among top gainers on 22 September while Mutual Benefits, Regency and Mansard led decliners. Sentiment this quarter has been shaped by FTSE Russell's reclassification of Nigeria from 'Unclassified' to Frontier Market status and by the Dangote Refinery IPO that opened on 14 September. Note: within the sources retrieved, no verifiable company-specific news was found for THOMASWY, HMCALL, TOTAL, OKOMUOIL or TRANSPOWER, so they are omitted rather than speculated on. Educational summary only — not investment advice.

Top movers this week

• CMFC (Critical Minerals Financing Corp. Plc) +62.19% — Critical Minerals Financing Corp Plc is the renamed listing of DEAP Capital Management & Trust Plc, a SEC-registered financial services firm active in funds management, capital market operations and issuing-house services. Market data showed the share quoted at N2.16 on 16 September with about 3.2 million shares traded that session, indicating unusually active dealing in the small-cap counter. (source)
• FTGINSURE (Fortis Global Insurance Plc) +33.33% — Fortis Global Insurance has been among the most heavily traded names on the exchange: in the week ended 28 August it was the top equity by volume, and together with Jaiz Bank and First HoldCo accounted for 793.1 million shares worth N26.9 billion, about 31.6% of total market volume. (source)
• THOMASWY (Thomas Wyatt Plc) +28.26%
• UPDC (UPDC Plc) +24.19% — Real-estate exposure on the NGX was in demand: the separately listed UPDC Real Estate Investment Trust topped the gainers' chart in the week ended 18 September with a 34.91% rise to N18.55, as market breadth turned decisively positive (52 gainers versus 32 losers). No company-specific corporate disclosure for UPDC Plc itself was found in the sources reviewed. (source)
• SOVRENINS (Sovereign Trust Insurance Plc) +21.21% — Sovereign Trust Insurance was part of a sharp insurance-sector rebound, climbing 30.95% week-on-week to N2.20 in the week ended 18 September, when UPDC REIT and Mutual Benefits Assurance also posted double-digit gains. The counter remained volatile into the following week, appearing among both daily gainers and daily decliners in market snapshots. (source)

• HMCALL (Haldane Mccall Plc) -16.67%
• CHAMPION (Champion Breweries) -11.87% — Champion Breweries has been one of the swing factors in the NGX Consumer Goods Index, named among the stocks dragging the index down 2.42% in the week ended 11 September after having helped lift it 3.52% the week before. The recent pullback is consistent with profit-taking in consumer-goods counters rather than any disclosed corporate event. (source)
• TOTAL (Totalfinaelf Nigeria Plc) -10%
• OKOMUOIL (The Okomu Oil Palm) -10%
• TRANSPOWER (Transcorp Power Plc) -9.96%

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Educational weekly recap for the NGX — not investment advice. Figures and news are drawn from public sources linked above.