Trading exercise on the Nigerian Exchange Limited (NGX) closed on a record-breaking be aware for the session ending October 29, 2026, as the whole market capitalisation of listed equities surged to an all-time high of N164.97 trillion.
The benchmark NGX All-Share Index (ASI) mirrored this bullish momentum, gaining 1,200.24 factors (0.47%) in a single day to shut at a record 254,083.02 factors, up from Wednesday’s closing stage of 252,882.78 factors.
In financial phrases, equity buyers added N779.31 billion in internet market worth throughout Thursday’s session alone, reversing Wednesday’s slight pullback (N164.19 trillion) and surpassing the earlier record of N164.91 trillion recorded on Tuesday, October 27, 2026.
Market abstract
- All-Share Index (ASI): 254,083.02 factors, up 0.47% from 252,882.78 factors
- Market cap: N164.97 trillion, up 0.47% from N164.19 trillion
- Market worth gained: N779.31 billion
- Trading quantity: 654.14 million shares, up 61.88% from 404.08 million shares
- Total offers: 35,789 offers, down 8.16% from 38,970 offers
Top 5 gainers
- ETRANZACT: Up 10.00% to N17.60 from N16.00
- SOVRENINS: Up 9.60% to N2.17 from N1.98
- FTGINSURE: Up 9.38% to N1.75 from N1.60
- MCNICHOLS: Up 9.18% to N5.35 from N4.90
- ZICHIS: Up 8.24% to N18.40 from N17.00
Top 5 losers
- FIRSTHOLDCO: Down 10.00% to N125.55 from N139.50
- LIVESTOCK: Down 9.70% to N12.10 from N13.40
- TANTALIZER: Down 8.40% to N3.60 from N3.93
- CILEASING: Down 7.41% to N5.00 from N5.40
- REGALINS: Down 7.35% to N0.63 from N0.68
Driving the numbers
The main catalyst driving these record numbers was intense shopping for demand in industrial heavyweights alongside most share beneficial properties throughout selective mid-cap shares.
- Most notably, Dangote Cement PLC, the market’s largest listed enterprise with a capitalisation of N23.96 trillion, surged 5.82%, gaining N78.10 per share, to shut at N1,420.00, single-handedly lifting the NGX Industrial Index up 3.41% to 12,199.47 factors.
- Maximum day by day beneficial properties in tickers like eTranzact International PLC (+10.00% to N17.60) and Sovereign Trust Insurance PLC (+9.60% to N2.17) added additional bullish momentum.
This industrial surge successfully absorbed profit-taking pressures within the monetary sector, the place First Holdco PLC dropped 10.00% to N125.55 on huge buying and selling quantity (343.8 million shares traded) and pulled the NGX Banking Index down 2.10% to 2,461.21 factors.
Sectoral efficiency
Sectoral efficiency throughout the Nigerian Exchange on October 29, 2026, was anchored by a pointy advance in industrial heavyweights and choose progress sectors.
- The NGX Industrial Index emerged as the session’s high outperformer, surging 3.41% (or 401.85 factors) from 11,797.62 to 12,199.47 factors, energized primarily by sturdy shopping for momentum in large-cap constructing materials shares.
- Broader market sentiment throughout top-tier listings remained firmly constructive as the NGX Premium Index superior 1.01% to shut at 33,374.25 factors (up from 33,039.39 factors).
- Sharia-compliant and rising company boards additionally posted wholesome expansions, with the NGX Lotus Islamic Index gaining 1.20% to complete at 24,087.12 factors and the NGX Growth Index rising 0.98% to 27,158.78 factors, whereas the NGX Insurance Index ticked up 0.75% to 1,037.04 factors.
Conversely, monetary providers and governance-tracked equities confronted focused profit-taking that constrained additional market-wide beneficial properties.
The NGX Banking Index declined 2.10% from 2,513.96 to 2,461.21 factors, dragged down by a ten.00% drawdown in First Holdco PLC to N125.55 alongside delicate pullbacks in tier-1 lenders such as United Bank for Africa PLC (-0.23%) and Guaranty Trust Holding Company PLC (-0.08%). In tandem, the NGX Corporate Governance (CG) Index shed 1.46% to shut at 7,155.12 factors.
Other key financial segments skilled muted buying and selling exercise, with the NGX Consumer Goods Index slipping 0.06% to 4,016.66 factors and the NGX Oil/Gas Index edging up marginally by 0.05% to six,089.25 factors.
