Stocks rally as NGX cap hits N164.91tn

File: Nigerian Exchange trading floor

The Nigerian Exchange Limited recorded positive trading activity on Tuesday, as total equity market capitalisation climbed to N164.91tn from N163.16tn recorded on Monday.

Correspondingly, the All-Share Index advanced to close at 253,990.06 points, which also represented the highest index point recorded over the five-day trading period from 21 to 27 October 2026, up from the lowest point of 244,956.94 reached on 22 October.

Across the entire equities market, a total volume of 5.23 billion shares was traded across 35,882 deals. Trading activity in the exchange-traded funds sector accounted for 151,290 units traded in 712 deals, while the debt securities segment saw 26,543 units exchanged across 10 deals.

Sectoral index movements showed broad gains across key sectors, led by significant appreciation in the NGX Industrial Index, which surged from 11,218.05 to 11,834.55 points.

The NGX Premium Index rose to 33,313.06 points from 32,354.36 points, while the NGX 30 Index grew to 9,367.07 points. Minor gains were also registered by the NGX Banking Index, which edged up to 2,574.61 points; the NGX Consumer Goods Index, which rose to 4,014.14 points; the NGX Pension Index, which closed at 13,015.01 points; and the NGX Growth Index, which advanced to 26,667.26 points.

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Conversely, the NGX Insurance Index fell sharply from 1,056.47 to 1,030.64 points, while the NGX Oil/Gas Index recorded a slight drop to 6,088.52 points.

In the equities market gainers chart, UPDC Real Estate Investment Trust led the gainers list with a 10 per cent share price appreciation, closing at N19.25. Dangote Cement Plc recorded a strong gain of 9.0 per cent to close at N1,341.90, followed by Honeywell Flour Mill Plc, which gained 9.67 per cent to end the day at N21.55. AVA Capital Plc rose 9.42 per cent to N7.55, Nigerian Aviation Handling Company Plc increased 8.00 per cent to N151.20, and Cutix Plc moved up 4.65 per cent to close at N2.25.

Other notable gainers included Japaul Gold & Ventures Plc gaining 4.53 per cent, The Initiates Plc up 4.28 per cent, Wema Bank Plc rising 4.01 per cent, VFD Group Plc adding 3.3 per cent, Access Holdings Plc gaining 3.26 per cent, and Stanbic IBTC Holdings Plc advancing three point zero six per cent.

On the losers table, Presco Plc suffered the heaviest loss of the session, declining 10.00 per cent to close at N1,840.80. Tripple Gee and Company Plc dropped  9.93 per cent to N2.54, Thomas Wyatt Nigeria Plc fell 9.85 per cent to N2.47, Austin Laz & Company Plc dropped 9.81 per cent to N2.39, Transnational Corporation Plc slid 9.70 per cent to N32.60, and Livestock Feeds Plc shed 9.35 per cent to N14.05.

Other significant declines were recorded by Fortis Global Insurance Plc down 9.19 per cent, Sovereign Trust Insurance Plc down seven point six nine per cent, Critical Minerals Financing Corp Plc losing 7.62 per cent, Caverton Offshore Support Group Plc falling 6.90 per cent, Ellah Lakes Plc declining 6.29 per cent, and Guinea Insurance Plc dropping 5.81 per cent.