NGX Market Capitalisation Hits Record N164.91 Trillion as All-Share Index Tops 253,990 Points

The Nigerian stock market set a new record on Tuesday, October 27, 2026, as market capitalisation climbed to N164.91 trillion. Investors gained N1.75 trillion in one session, lifting total market value from N163.16 trillion on Monday, October 26.

The NGX All-Share Index rose by 1.07% to a fresh peak of 253,990.06 points. The index added 2,699.52 points, up from 251,290.54 points.

Dangote Cement drives rally

Dangote Cement led the session with a 9.80% gain to close at N1,341.90 per share, up from N1,222.10. UPDC REIT gained 10.00% to close at N19.25 from N17.50. Honeywell Flour advanced by 9.67% to N21.55 from N19.65. Africa Prudential, also known as AVACAP, gained 9.42% to N7.55 from N6.90. NAHCO climbed by 8.00% to N151.20 from N140.00.

Volume surges, deals decline

Trading volume surged to 5.23 billion shares from 329.51 million shares on Monday, an increase of 1,487.21%. The shares were worth billions of naira and exchanged in 35,882 deals. First HoldCo accounted for 4.87 billion shares traded across 1,785 deals, making it the dominant contributor to the unusually high volume.

The total number of deals fell to 35,882 from 43,647 on Monday, a decline of 17.79%, despite the sharp increase in trading volume.

Losers and billionaire gains

Presco fell by 10.00% to N1,840.80 from N2,045.30. Tripple Gee declined by 9.93% to N2.54 from N2.82. Thomas Wyatt dropped by 9.85% to N2.47 from N2.74. Austin Laz shed 9.81% to N2.39 from N2.65. Transcorp lost 9.70% to close at N32.60 from N36.10.

Three of Nigeria's wealthiest businessmen, Aliko Dangote, Abdul Samad Rabiu and Femi Otedola, added a combined $1.7 billion to their fortunes between Tuesday and Friday as share prices on the Nigerian Exchange Limited recovered. Forbes real-time billionaire tracker showed their combined wealth climbed to $73.1 billion on Friday, up from $71.4 billion on Tuesday. Dangote recorded the largest individual gain, adding $1 billion. Rabiu's fortune grew by $600 million and Otedola's by $100 million over the same period.