Best performing Nigerian stocks for the week ended October 23, 2026
Nigerian equities closed lower for a fourth straight week, with the benchmark NGX All-Share Index (ASI) declining 317.46 points, or 0.13%, to 247,222.27 from 247,539.73 points, as losses in insurance, oil and gas and banking stocks outweighed industrial goods. The post Best performing Nigerian stocks for the week ended October 23, 2026 appeared first on Nairametrics .
The Nigerian stock market experienced a mixed performance during the week ending October 23, 2026, with the benchmark NGX All-Share Index (ASI) declining 0.13% to 247,222.27 points. Insurance, oil and gas, and banking stocks suffered losses, overpowering industrial goods. Market capitalization decreased by N210.89 billion to N160.519 trillion, resulting in a year-to-date return of 58.87%.
However, the NGX rebounded on Friday, with market capitalization rising by N1.47 trillion following the index's close at 247,539.73 points. ABC Transport led the gainers, up 20.66% to N7.30, while Aradel Holdings, Vitafoam Nigeria, and NGX Group recorded the largest declines per share. Market breadth turned negative, with 55 equities depreciating compared to 20 appreciating.
Seventy-one stocks remained unchanged. The week was characterized by a lopsided performance, with the NGX Industrial Goods Index gaining 1.95% to 10,646.68 points and the NGX Banking Index falling 0.67% to 2,515.47 points. The largest absolute price declines were seen in Aradel Holdings (N94.90, or 6.33%), Vitafoam Nigeria (N19.40), and NGX Group (N17.50).
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