NGX recovers as 28 stocks advance, investors gain N410.86 billion

The Nigerian stock market returned to positive territory on Tuesday, October 20, 2026, as investors added N410.86 billion to the value of listed equities. The NGX All-Share Index rose 0.26% to 245,911.13 points, while market capitalisation climbed to N159.67 trillion.

The ASI gained 632.79 points from 245,278.34 points. Market capitalisation rose from N159.26 trillion on Monday to N159.67 trillion. The rebound followed Monday's decline, which wiped N1.47 trillion off listed equities.

Gainers beat decliners

Industrial and consumer goods stocks led the recovery. 28 gainers outperformed 21 decliners. Austin Laz and Company Plc rose by 9.97% to N3.53 from N3.21. ABC Transport Plc gained 9.92% to N6.65 from N6.05. Cutix Plc advanced by 9.91% to N2.33 from N2.12. Thomas Wyatt Nigeria Plc increased by 9.77% to N2.92 from N2.66. Caverton Offshore Support Group Plc rose by 9.76% to N4.50 from N4.10.

On the losing side, Livestock Feeds Plc fell by 9.76% to N17.10 from N18.95. Guinea Insurance Plc declined by 7.78% to N0.83 from N0.90. NPF Microfinance Bank Plc dropped by 5.75% to N4.10 from N4.35. Mutual Benefits Assurance Plc lost 4.69% to N3.05 from N3.20. AIICO Insurance Plc declined by 3.06% to N3.80 from N3.92.

Trading volume and deals

Total trading volume stood at 348.69 million shares exchanged in 32,588 deals. The number of deals fell 24.42% from 43,115 transactions.

Index movements

The NGX Industrial Index rose by 118.44 points from 10,140.51 to 10,258.95 points. The NGX Lotus Islamic Index gained 197.25 points to close at 23,167.70 points. The NGX Premium Index advanced by 168.89 points to 30,540.53 points from 30,371.64 points. The NGX Consumer Goods Index increased by 11.58 points to 4,042.08 points. The NGX Oil and Gas Index edged up by 0.50 points to 6,190.61 points.

Dangote Refinery IPO plan for students

Minister of Education Dr Tunji Alausa praised the Aliko Dangote Foundation over its plan to buy Dangote Refinery IPO shares for eligible Nigerian tertiary institution students. He described it as a forward-thinking approach to youth empowerment and financial education. Under the proposed scheme, every qualifying student aged 18 and above would receive 10 IPO shares at no cost, with the foundation bearing the financial burden. If fully implemented, the programme could reach up to four million students.

The rebound restores some value to listed equities after Monday's N1.47 trillion loss. It offers relief to investors, though it does not erase the previous session's decline.