NGX gains 2.86% as weekly turnover jumps to N637.826bn

Nigeria’s equities market closed the final week of October 2026 higher, with the NGX All-Share Index and market capitalisation both up 2.86 per cent. The All-Share Index closed at 254,299.49 while market capitalisation settled at N165.114 trillion for the week ended Friday, 30 October 2026.

Turnover jumps

Investors traded 7.619 billion shares worth N637.826bn in 192,138 deals, compared with 2.024 billion shares valued at N110.773bn in 173,113 deals the previous week. The Financial Services Industry led by volume with 6.990 billion shares valued at N573.492bn in 85,998 deals, contributing 91.75 per cent and 89.91 per cent to total equity turnover volume and value. Consumer Goods followed with 164.650 million shares worth N7.201bn in 20,297 deals. Services came third with 93.278 million shares worth N1.567bn in 9,932 deals. First Holdco Plc, Guaranty Trust Holding Company Plc and United Bank for Africa Plc accounted for 6.096 billion shares worth N544.438bn in 27,001 deals, or 80.02 per cent and 85.36 per cent of total equity turnover volume and value.

Index and price movers

Most indices rose, but the NGX Main Board, NGX CG, NGX Banking, NGX Insurance, NGX Consumer Goods, NGX Growth and NGX Commodity indices fell 0.11 per cent, 1.70 per cent, 3.42 per cent, 2.13 per cent, 0.02 per cent, 1.02 per cent and 0.38 per cent respectively. Price changes were mixed: 33 equities appreciated, higher than twenty the previous week; 48 depreciated, lower than 55; and 65 were unchanged, compared with seventy-one. Dangote Cement Plc led gainers with a 27.81 per cent rise from an open of 1,111.00 to close at 1,420.00. Caverton Offshore Support Group Plc led decliners, dropping 25.00 per cent from 4.80 to 3.60. Zenith Bank Plc traded ex-dividend on 26 October 2026, with a last close price of 120.90 and a dividend of 1.50.

ETPs, bonds and listings

Exchange Traded Products recorded 1.346 million units valued at N512.142 million in 4,472 deals, up from 1.128 million units valued at N244.251 million in 3,298 deals. Vetbank led ETP activity with 373,329 units, followed by StanbicETF30 and Vetgrif30. The bonds market traded 2.294 million units valued at N2.195bn across 56 deals, compared with 234,682 units valued at N226.306m in 65 deals. Rare Gems Jewellery Limited listed its commercial paper under its N20,000,000,000 issuance programme on Wednesday, 28 October 2026, covering Series 1 Tranche A and Tranche B. The Federal Government of Nigeria Savings Bonds issued in October 2026 were listed on 28 October 2026, with two-year and three-year issues at coupons of 13.07 per cent and 14.07 per cent. NBET Finance Company Plc listed its Series 2 Tranche A and Tranche B 7-year 18.0 per cent fixed rate bonds due 2033 on Thursday, 29 October 2026 under its multi-instrument issuance programme.

FX turnover rises

FX Spot and Derivatives turnover for the week ended 30 October 2026 reached $3,712.53m, up 43.02 per cent or $1,116.80m from $2,595.73m in the week ended 23 October 2026. FMDQ said: "The week-on-week increase in total turnover was jointly driven by the 41.33 per cent ($1,064.11m) increase in FX Spot transactions, which recorded a total value of $3,638.70m compared to $2,574.59m in the week-ended 23 October 2026, and the 249.24 per cent ($52.69m) increase in FX Derivatives transactions (comprising FX Forward) for the week-ended 30 October 2026."

The stronger FX turnover is a liquidity signal for importers and exporters watching the naira, while the mixed sector indices show the equity rally was not broad-based.