Best performing Nigerian stocks for the week ended October 16, 2026
Nigerian equities closed lower for the third straight week, with the benchmark NGX All-Share Index (ASI) declining 0.33% to close at 247,539.73 points from 248,363.55 points. The post Best performing Nigerian stocks for the week ended October 16, 2026 appeared first on Nairametrics .
The week ended October 16, 2026, saw Nigerian equities close lower for the third consecutive week, with the NGX All-Share Index (ASI) falling 0.33% to 247,539.73 points. Banking stocks, led by Zenith Bank, GTCO, and Fidelity Bank, experienced losses, while oil and gas stocks, including Aradel Holdings and Oando, gained. Livestock Feeds emerged as the standout performer, surging 44.49% from N13.15 to N19.00.
Market breadth turned positive, with more equities appreciating than declining, and a total turnover of 1.659 billion shares worth N98.088 billion was traded. The NGX Corporate Governance Index declined 2.39% to 7,239.74 points, while the NGX Oil/Gas Index led with a 131.96% year-to-date return. Three companies adjusted their prices for dividends during the week, affecting their weekly returns.
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