NGX Gains N208 Billion as MTN and Oando Shares Surge

On October 9, 2026, the Nigerian Exchange (NGX) rebounded from previous declines, with market capitalisation increasing by N208.46 billion, closing at N161.26 trillion. The All-Share Index (ASI) advanced by 321.05 points, or 0.13%, settling at 248,363.55 points, recovering from a low of 248,042.50 points on October 8.

The total trading volume reached 322,014,816 shares across 37,758 deals. MTN Nigeria Communications Plc (MTNN) led the market rally, surging 2.69% to close at N840.00, while Oando Plc rose by 6.90% to N36.40.

The NGX Oil/Gas Index increased from 5,996.24 to 6,005.98, and the NGX Consumer Goods Index rose from 4,026.79 to 4,033.36, supported by gains in Unilever Nigeria Plc, Nigerian Breweries Plc, and Honeywell Flour Mill Plc. The NGX Industrial Index also saw an increase, while the NGX Insurance Index declined due to price drops in several insurance stocks.