NGX market cap crosses N160 trillion as All-Share Index hits 247,222.27 points

The Nigerian Exchange Limited closed trading on Friday, October 23, 2026 with total market capitalisation above N160 trillion. Market capitalisation ended at N160.52 trillion, up N1.47 trillion or 0.92% from Thursday’s N159.05 trillion. The All-Share Index rose 2,265.33 basis points, or 0.92%, to 247,222.27 points from 244,956.94 points, the highest level in the five-day trading week.

Turnover and market breadth

Total market turnover across all equity boards was 611,664,685 shares in 33,540 deals. Volume rose 69.57% from 360.71 million shares. Deals increased 6.97% from 31,355. The market value gained was N1.47 trillion. The market cap comparison was N160.52 trillion against N159.048 trillion.

Gainers and losers

Dangote Cement Plc led gainers, up 10.00% to N1,111.00 from N1,010.00. First Holdco Plc rose 10.00% to N144.10 from N131.00. Guinea Insurance Plc gained 9.41% to N0.93 from N0.85. Fidelity Bank Plc climbed 9.09% to N24.00 from N22.00. FTN Cocoa Processors Plc added 5.60% to N7.92 from N7.50.

Livestock Feeds Plc fell 9.79% to N17.05 from N18.90. Tripple Gee and Company Plc lost 8.74% to N2.82 from N3.09. UPDC Real Estate Investment Trust dropped 8.14% to N17.50 from N19.05. HBM Nigeria Plc declined 7.65% to N350.00 from N379.00. Neimeth International Pharmaceuticals Plc shed 6.58% to N7.10 from N7.60.

What moved the index

Dangote Cement hit its maximum daily gain of 10.00%, adding N101.00 to close at N1,111.00. First Holdco also gained 10.00%, adding N13.10 to close at N144.10. The gains lifted the NGX Industrial Index from 10,269.22 to 10,646.68 points and the NGX Premium Board Index to 31,175.31 points. Fidelity Bank’s 9.09% gain lifted the NGX Banking Index to 2,515.47 points. Aradel Holdings Plc fell 6.33% and pulled the NGX Oil & Gas Index from 6,191.20 to 6,035.77 points.

Sector performance

The NGX Industrial Index closed at 10,646.68 points from 10,269.22 points on Thursday and 10,140.51 points on Monday. The NGX Premium Board Index reached 31,175.31 points from 30,351.38 points on Thursday. The NGX Banking Index rose to 2,515.47 points from Thursday’s low of 2,452.40 points. The NGX Pension Index rebounded to 12,804.21 points. The NGX Growth Index finished at 26,899.14 points.

The NGX Oil & Gas Index fell to 6,035.77 points from 6,191.20 points on Thursday. The NGX Main-Board Index slipped to 10,721.06 points from 10,752.60 points on Thursday. The NGX Consumer Goods Index ticked up to 4,014.81 points and the NGX Insurance Index nudged up to 1,049.43 points. Both sectors ended the week below Monday’s openings of 4,030.50 points and 1,069.94 points. The NGX Sovereign Bond Index held flat at 661.50 points through the week.

The rally was driven by capital concentration in top industrial and banking stocks rather than broad cross-sector momentum.