NGX market cap hits record N164.91 trillion as ASI peaks at 253,990.06 points

The Nigerian Exchange extended its historic bull run on Tuesday, October 27, 2026, with total equities market capitalisation reaching a record N164.91 trillion. The market added N1.75 trillion in one session, up from N163.16 trillion on Monday, October 26.

The All-Share Index closed at a fresh all-time peak of 253,990.06 points, a single-day gain of 2,699.52 points or 1.07% over Monday’s 251,290.54 points. Turnover hit 5.23 billion shares (5,233,372,808 units) across 35,882 deals. Volume rose 1,487.21% from 329.51 million shares, while deals fell 17.79% from 43,647.

Dangote Cement leads index rally

The NGX Industrial Index climbed to 11,834.55 points on October 27 from 11,218.05 points on Monday and 10,258.94 points on October 21. Dangote Cement Plc, valued at N22.64 trillion, surged 9.80% to close at N1,341.90 per share from N1,222.10. UPDC Real Estate Investment Trust gained 10.00% to N19.25 from N17.50. Honeywell Flour Mill Plc rose 9.67% to N21.55 from N19.65. NAHCO Plc added 8.00% to N151.20 from N140.00. AVACAP rose 9.42% to N7.55 from N6.90.

First HoldCo Plc drove liquidity on the Premium Board, accounting for 4.87 billion of the 5.23 billion shares traded across 1,785 deals. The NGX Premium Index moved from 30,330.55 points to 33,313.06 points over the five-day period. The NGX Meri Value Index closed at 23,634.73 points, and the NGX Pension Broad Index reached 5,117.18 points.

Gainers and losers

Top gainers included UPDCREIT, DANGCEM, HONYFLOUR, AVACAP and NAHCO. Top losers were PRESCO, down 10.00% to N1,840.80 from N2,045.30; TRIPPLEG, down 9.93% to N2.54 from N2.82; THOMASWY, down 9.85% to N2.47 from N2.74; AUSTINLAZ, down 9.81% to N2.39 from N2.65; and TRANSCORP, down 9.70% to N32.60 from N36.10.

Sector performance mixed

The NGX Premium Index advanced to 33,313.06 points from 32,354.36 points. The NGX Lotus Islamic Index expanded to 23,808.49 points from 23,574.64 points. The NGX Consumer Goods Index edged up to 4,014.14 points from 4,012.30 points, helped by Honeywell Flour Mill Plc’s 9.67% gain to N21.55.

The NGX Insurance Index recorded the steepest drop among major sectors, sliding to 1,030.64 points from 1,056.47 points on Monday. Fortis Global Insurance fell 9.19% to N1.68, Sovereign Trust Insurance dropped 7.69% to N1.80, and Cornerstone Insurance lost 5.21% to N4.55. The NGX Oil/Gas Index dipped to 6,088.52 points from 6,089.08 points, weighed by Oando Plc’s 0.76% decline to N32.85 despite Japaul Gold & Ventures rising 4.53%.

The NGX Banking Index closed almost flat at 2,574.61 points against Monday’s 2,574.45 points. Wema Bank Plc gained 4.01% to N31.10 and Access Holdings Plc rose 3.26% to N28.50, while Fidelity Bank Plc fell 4.35% to N22.00, GTCO lost 1.52% to N123.20 and UBA dropped 1.35% to N40.25.