NGX Market Capitalisation Surpasses N160 Trillion in October

On October 23, 2026, the Nigerian Exchange Limited (NGX) concluded the trading week with a notable rise in total market capitalisation, which exceeded N160 trillion, closing at N160.52 trillion. This represented a single-day increase of N1.47 trillion, or 0.92%, from the previous day’s closing figure of N159.05 trillion.

The benchmark All-Share Index (ASI) also saw a significant jump of 2,265.33 basis points, reaching 247,222.27 points, marking the highest level during the week. A total of 611,664,685 shares were traded across 33,540 deals on that day.

Key contributors to this rally included Dangote Cement Plc, which appreciated by 10.00% to close at N1,111.00 per share, and First Holdco Plc, which also surged by 10.00% to N144.10 per share. The gains in these major stocks propelled the NGX Industrial Index and the NGX Premium Board Index significantly.

However, profit-taking in Aradel Holdings Plc led to a decline in the NGX Oil & Gas Index, indicating that the market's upward movement was primarily driven by industrial and banking stocks.