{
  "id": 17095918,
  "title": "BREAKING: NGX equity market hits record N164.97 trillion as ASI reaches all-time high",
  "url": "https://urgent.news/2026/10/29/breaking-ngx-equity-market-hits-record-n164-97-trillion-as-asi",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T17:16:54.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/29/ngx-equity-market-hits-record-n164-97-trillion-as-asi-reaches-all-time-high/"
  },
  "original_language": "en",
  "account": "The Nigerian Exchange Limited (NGX) witnessed record-breaking trading activity on October 29, 2026, with the total market capitalization of listed equities reaching an all-time high of N164.97 trillion. The NGX All-Share Index (ASI) also hit a record high, closing at 254,083.02 points, marking a 0.47% increase from the previous day's closing level of 252,882.78 points. During the session, equity investors added N779.31 billion in net market value, reversing Wednesday's slight pullback and surpassing the previous record of N164.91 trillion recorded on October 27, 2026. The trading volume increased by 61.88% to 654.14 million shares, while the total number of deals dropped by 8.16% to 35,789 deals. The primary driving force behind these record numbers was intense buying demand in industrial heavyweights, coupled with maximum percentage gains across select mid-cap stocks. This industrial surge helped absorb profit-taking pressures in the financial sector, where First Holdco PLC experienced a significant drop of 10.00% to N125.55, due to massive trading volume of 343.8 million shares. The NGX Banking Index declined 2.10% to 2,461.21 points, led by a 10.00% drawdown in First Holdco PLC, while tier-1 lenders like United Bank for Africa PLC and Guaranty Trust Holding Company PLC saw mild pullbacks. Other key economic segments experienced muted trading activity, with the NGX Consumer Goods Index slipping 0.06% and the NGX Oil/Gas Index edging up marginally.",
  "summary": "Trading activity on the Nigerian Exchange Limited (NGX) closed on a record-breaking note for the session ending October 29, 2026, as the total market capitalisation of listed equities surged to an all-time high of N164.97 trillion. The post BREAKING: NGX equity market hits record N164.97 trillion as ASI reaches all-time high 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."
}