Healthcare sector rallies in October amid rotation away from technology stocks

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.