Best performing Nigerian stocks in October: Dangote Cement lead N2.01 trillion rally
The Nigerian Exchange (NGX) recorded a N2.01 trillion increase in equity market capitalisation in October 2026, rising by 1.23% to N165.11 trillion from N163.10 trillion at the end of September, driven largely by Dangote Cement and selected mid-cap stocks. The post Best performing Nigerian stocks in October: Dangote Cement lead N2.01 trillion rally appeared first on Nairametrics .
In October 2026, the Nigerian Exchange (NGX) experienced a significant increase in equity market capitalisation, driven primarily by Dangote Cement and selected mid-cap stocks. The All-Share Index rose by 1.23% to 254,299.49 points, marking a N2.01 trillion increase from the previous month. Dangote Cement emerged as a major contributor to the rally, gaining 33.12% in value, while other notable gains were seen in MTN Nigeria, Fidelity Bank, Guinness Nigeria, Ecobank Transnational, and Unilever Nigeria.
The NGX Industrial Index also performed strongly, growing by 16.85%, largely due to Dangote Cement's performance. However, the broader market saw a mixed outcome, with 28 stocks advancing, 72 declining, and 46 remaining unchanged among the 146 tracked securities.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
