NGX equity market hits record N164.97 trillion as ASI reaches all-time high

Trading activity on the Nigerian Exchange Limited (NGX) closed on a record-breaking note for the session ending October 29, 2026, as the overall market capitalisation of noted equities rose to an all-time high of N164.97 trillion.

The benchmark NGX All-Share Index (ASI) mirrored this bullish momentum, acquiring 1,200.24 points (0.47%) in a single day to close at a record 254,083.02 points, up from Wednesday’s closing level of 252,882.78 points.

In financial terms, equity financiers included N779.31 billion in net market price throughout Thursday’s session alone, reversing Wednesday’s minor pullback (N164.19 trillion) and exceeding the previous record of N164.91 trillion taped on Tuesday, October 27, 2026.

Market summary

• All-Share Index (ASI): 254,083.02 points, up 0.47% from 252,882.78 points
• Market cap: N164.97 trillion, up 0.47% from N164.19 trillion
• Market price got: N779.31 billion
• Trading volume: 654.14 million shares, up 61.88% from 404.08 million shares
• Overall offers: 35,789 offers, down 8.16% from 38,970 offers

Leading 5 gainers

• ETRANZACT: Up 10.00% to N17.60 from N16.00
• SOVRENINS: Up 9.60% to N2.17 from N1.98
• FTGINSURE: Up 9.38% to N1.75 from N1.60
• MCNICHOLS: Up 9.18% to N5.35 from N4.90
• ZICHIS: Up 8.24% to N18.40 from N17.00

Leading 5 losers

• FIRSTHOLDCO: Down 10.00% to N125.55 from N139.50
• ANIMALS: Down 9.70% to N12.10 from N13.40
• TANTALIZER: Down 8.40% to N3.60 from N3.93
• CILEASING: Down 7.41% to N5.00 from N5.40
• REGALINS: Down 7.35% to N0.63 from N0.68

Driving the numbers

The main driver driving these record numbers was extreme purchasing need in commercial heavyweights along with optimal portion gains throughout selective mid-cap stocks.

• Most especially, Dangote Cement PLC, the marketplace’s biggest noted business with a capitalisation of N23.96 trillion, rose 5.82%, acquiring N78.10 per share, to close at N1,420.00, solitarily raising the NGX Industrial Index up 3.41% to 12,199.47 points.
• Optimum day-to-day gains in tickers like eTranzact International PLC (+10.00% to N17.60) and Sovereign Trust Insurance PLC (+9.60% to N2.17) included additional bullish momentum.

This commercial rise successfully taken in profit-taking pressures in the monetary sector, where First Holdco PLC dropped 10.00% to N125.55 on huge trading volume (343.8 million shares traded) and pulled the NGX Banking Index down 2.10% to 2,461.21 points.

Sectoral efficiency

Sectoral efficiency throughout the Nigerian Exchange on October 29, 2026, was anchored by a sharp advance in commercial heavyweights and choose development sectors.

• The NGX Industrial Index became the session’s leading outperformer, rising 3.41% (or 401.85 points) from 11,797.62 to 12,199.47 points, stimulated mainly by strong purchasing momentum in large-cap structure product stocks.
• Wider market belief throughout top-tier listings stayed securely favorable as the NGX Premium Index advanced 1.01% to close at 33,374.25 points (up from 33,039.39 points).
• Sharia-compliant and emerging business boards likewise published healthy growths, with the NGX Lotus Islamic Index acquiring 1.20% to complete at 24,087.12 points and the NGX Growth Index increasing 0.98% to 27,158.78 points, while the NGX Insurance Index ticked up 0.75% to 1,037.04 points.

Alternatively, monetary services and governance-tracked equities dealt with targeted profit-taking that constrained additional market-wide gains.

The NGX Banking Index decreased 2.10% from 2,513.96 to 2,461.21 points, dragged down by a 10.00% drawdown in First Holdco PLC to N125.55 together with moderate pullbacks in tier-1 loan providers such as United Bank for Africa PLC (-0.23%) and Guaranty Trust Holding Company PLC (-0.08%). In tandem, the NGX Corporate Governance (CG) Index shed 1.46% to close at 7,155.12 points.

Other crucial financial sections experienced soft trading activity, with the NGX Consumer Goods Index slipping 0.06% to 4,016.66 points and the NGX Oil/Gas Index edging up partially by 0.05% to 6,089.25 points.