NGX market capitalisation soars past N160 trillion as equities close week on green

The Nigerian Exchange Limited (NGX) concluded the trading week on October 23, 2026, with an impressive surge in market capitalisation, surpassing N160 trillion. Total market capitalisation of listed equities closed at N160.52 trillion, marking a single-day increase of N1.47 trillion, or 0.92%, compared to the previous day's figure of N159.05 trillion.

This growth was driven by a 2,265.33 basis points (+0.92%) rise in the benchmark All-Share Index (ASI) to reach 247,222.27 points, the highest level observed during the five-day trading period. On Friday, 611,664,685 shares were traded across 33,540 deals, representing a 69.57% increase in trading volume from 360.71 million shares exchanged on Thursday.

During the week, 611,664,685 shares exchanged in 33,540 deals contributed to a market value gain of N1.47 trillion. Notably, Dangote Cement Plc (DANGCEM) and First Holdco Plc (FIRSTHOLDCO) led the market rally, both experiencing a 10% price increase to N1,111.00 and N144.10, respectively. Their substantial market valuations propelled the NGX Industrial Index to 10,646.68 points and the NGX Premium Board Index to 31,175.31 points.

Commercial banks also benefited from strong investor interest, with Fidelity Bank Plc (+9.09%) contributing to the NGX Banking Index reaching 2,515.47 points. However, energy firms like Aradel Holdings Plc faced profit-taking, with their shares dropping by 6.33%, dragging the NGX Oil & Gas Index down from 6,191.20 to 6,035.77 points.

Despite the overall bullish trend in industrial and banking sectors, the NGX Consumer Goods and Insurance indices fell slightly below their Monday opening levels. Fixed-income markets, represented by the NGX Sovereign Bond Index, remained unchanged at 661.50 points throughout the week.