{
  "id": 16644358,
  "title": "NGX rallies as equity market cap reaches record N163.1 trillion",
  "url": "https://urgent.news/2026/10/26/ngx-rallies-as-equity-market-cap-reaches-record-n163-1-trillion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T18:23:34.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/26/ngx-rallies-as-equity-market-cap-reaches-record-n163-1-trillion/"
  },
  "original_language": "en",
  "account": "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.\n\nKey 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.",
  "summary": "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 .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}