NGX rallies as equity market cap reaches record N163.1 trillion
The Nigerian Exchange Limited (NGX) market capitalisation reached a record N163.16 trillion on Monday, October 26, 2026. The post NGX rallies as equity market cap reaches record N163.1 trillion appeared first on Nairametrics .
On Monday, October 26, 2026, the Nigerian Exchange Limited (NGX) witnessed its market capitalisation reaching a record high of N163.16 trillion, marking a significant increase of N2.64 trillion from the previous session's N160.52 trillion. This surge saw the OMX All-Share Index (ASI) soar by 4,068.27 points, or 1.65%, reaching a fresh all-time high of 251,290.54 points.
The trading volume saw a decrease of 46.13% from 611,664,685 shares to 329,506,847 shares, with a total of 43,647 deals executed, up 30.14% from the previous day's 33,540 deals.
Key contributors to the market's valuation surge included heavyweight Dangote Cement PLC, which experienced a 10.00% rise, culminating in a closing price of N1,222.10 per share and a market capitalisation of N20.62 trillion. While industrial and banking sectors experienced robust gains, consumer-facing and specialized sectors witnessed a mild pullback due to profit-taking, with stocks like ABC Transport PLC and Caverton Offshore Support Group PLC facing downswings of 9.59% and 9.38%, respectively.
Despite these fluctuations, the NGX Oil/Gas Index advanced by 0.88%, bolstered by Aradel Holdings PLC, and the NGX Insurance Index saw a modest 0.67% increase, supported by AIICO Insurance PLC and Coronation Insurance PLC.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
