NGX Market Cap Hits Record N163.16 Trillion as Dangote Cement Leads Rally

The Nigerian Exchange Limited market capitalisation closed at a record N163.16 trillion on Monday, October 26, 2026. It rose by N2.64 trillion from N160.52 trillion on Friday, October 23, 2026. The previous record was N163.06 trillion, reached on September 23.

The NGX All-Share Index rose 4,068.27 points, or 1.65%, to a record 251,290.54 points from 247,222.27 points. The market cap also rose 1.65%.

Dangote Cement drives industrial surge

The NGX Industrial Index jumped 5.37% from 10,646.68 to 11,218.05 points. Dangote Cement PLC hit its maximum daily gain of 10.00%, adding N111.10 to close at N1,222.10 from N1,111.00. Its market capitalisation reached N20.62 trillion. Honeywell Flour Mill PLC rose 9.78% to N19.65 from N17.90. Nigerian Exchange Group PLC gained 8.20% to N165.00 from N152.50. First Holdco PLC rose 7.56% to N155.00 from N144.10. Royal Exchange PLC gained 9.18% to N1.07 from N0.98.

Banking and premium indices join rally

The NGX Banking Index rose 2.34% to 2,574.45 points. The NGX Premium Index rose 3.78% from 31,175.31 to 32,354.36 points. First Holdco PLC gained 7.56% to N155.00. Access Holdings PLC rose 4.15% to N27.60. GTCO rose 2.54% to N125.10. Zenith Bank PLC rose 1.26% to N120.90. Africa Prudential PLC rose 5.88% to N10.80. Royal Exchange PLC rose 9.18% to N1.07.

Trading volume fell 46.13% to 329,506,847 shares from 611,664,685 shares. Total deals rose 30.14% to 43,647 from 33,540.

Losers and sector details

ABC Transport PLC fell 9.59% to N6.60 from N7.30. Caverton Offshore Support Group PLC fell 9.38% to N4.35 from N4.80. Livestock Feeds PLC fell 9.09% to N15.50 from N17.05. Champion Breweries PLC fell 8.16% to N9.00 from N9.80. PZ Cussons Nigeria PLC fell 7.61% to N63.70 from N68.95.

The NGX Lotus Islamic Index rose 2.08% to 23,574.64 points. The NGX 30 Index rose 1.76% to 9,260.09 points. The NGX Pension Index rose 1.57% to 13,005.05 points. The NGX Consumer Goods Index fell 0.06% from 4,014.81 to 4,012.30 points. Champion Breweries PLC fell 8.16%, PZ Cussons Nigeria PLC fell 7.61%, Cadbury Nigeria PLC fell 5.00%, while Honeywell Flour Mill PLC rose 9.78%. The NGX Growth Index fell 1.01% to 26,626.93 points. The Initiates PLC fell 6.60%. The NGX Oil/Gas Index rose 0.88% to 6,089.08 points. Aradel Holdings PLC rose 2.48% to N1,439.90. The NGX Insurance Index rose 0.67% to 1,056.47 points. AIICO Insurance PLC rose 4.18%. Coronation Insurance PLC rose 2.88%.

Other market headlines: International Breweries 9M 2026 pre-tax profit rose 22% to N90.44 billion. Anthropic filed for an IPO and plans a Nasdaq listing under ticker ANT. Union Dicon and three others face a deadline as NGX flags nine firms for delisting and restructuring.

The record close shows strong demand for large industrials and banks. It also came with lower trading volume, even as deals rose.