NGX Gains 2.86% as Dangote Cement Leads Weekly Gainers

The Nigerian Exchange All-Share Index rose 2.86% to 254,299.49 points, while market capitalisation climbed to N165.114 trillion. The weekly market report for October 30, 2026 showed a sharp increase in trading activity.

Investors traded 7.619 billion shares valued at N637.826 billion in 192,138 deals during the week. That compared with 2.024 billion shares worth N110.773 billion traded in 173,113 deals in the previous week.

Financial stocks dominate trading

The Financial Services industry led activity by volume, recording 6.990 billion shares valued at N573.492 billion in 85,998 deals. The sector accounted for 91.75% of total equity turnover volume and 89.91% of its value.

The Consumer Goods industry followed with 164.650 million shares worth N7.201 billion in 20,297 deals. The Services industry ranked third, with 93.278 million shares valued at N1.567 billion in 9,932 deals.

Trading in First Holdco Plc, Guaranty Trust Holding Company Plc and United Bank for Africa Plc accounted for 6.096 billion shares worth N544.438 billion in 27,001 deals. The three stocks contributed 80.02% of total equity turnover volume and 85.36% of its value.

Sector indices fall

Despite the overall market gain, several sectoral indices closed lower. The NGX Main Board, Consumer Goods, Banking, Insurance, Growth and Commodity indices declined by 0.11%, 1.70%, 3.42%, 2.13%, 1.02% and 0.38%, respectively.

Dangote Cement leads gainers

Dangote Cement Plc led the gainers, rising from N1,111.00 to N1,420.00. That represented an increase of N309 or 27.81%.

Honeywell Flour Mills Plc followed, appreciating by 25.98% to close at N22.55. UPDC Real Estate Investment Trust gained 20.57% to settle at N21.10. Sovereign Trust Insurance Plc rose by 20.51% to N2.35, while Eterna Plc advanced by 9.90% to close at N42.75.

Other notable gainers included Multi-Trex Integrated Foods Plc, Nigerian Exchange Group Plc, Nigerian Aviation Handling Company Plc, Access Holdings Plc and Wema Bank Plc.

Caverton Offshore Support Group Plc led the losers, falling from N4.80 to N3.60, a decline of 25%. Livestock Feeds Plc followed with a 21.99% drop to N13.30, while Austin Laz & Company Plc declined by 17.54% to close at N2.35.

First Holdco Plc lost 17.31% to settle at N119.15, while Guinea Insurance Plc fell by 17.20% to N0.77. Other declining stocks included Critical Minerals Financing Corp Plc, Tripple Gee and Company Plc, Fortis Global Insurance Plc, Ellah Lakes Plc and UPDC Plc.

The broad index closed higher, but the decline in the banking and consumer goods indices showed the gain was not uniform across sectors.