Equities rebound as market capitalisation hits N160.8tn

Politics Spice Special Features Education Sex & Relationship Interview Columns Opinion Advertise with us Equities rebound as market capitalisation hits N160.8tn Capital Market October 15, 2026 12:04 am NGX trading floor. Photo: NGX

Trading activities on the Nigerian Exchange closed on a positive note on Wednesday, as the market capitalisation recorded an upward movement to close at N160.812tn compared to N160.708tn recorded on the previous trading day.

The market All-Share Index similarly appreciated to settle at 247,673.65 basis points from 247,513.63 basis points, reflecting a broad-based recovery across key sectoral indices. Market activity spanned multiple asset classes including equities, exchange-traded products, bonds, and mutual funds, recording a total equities volume turnover of 314,899,895 shares valued across 30,922 deals.

Tier-one banking equities maintained robust liquidity and investor interest. United Bank for Africa Plc traded actively with 11,743,883 shares exchanging hands across 957 deals, closing at a price of N43.00 per share and a market capitalisation of N1,900,435.54m.

Zenith Bank Plc recorded significant turnover with 17,771,602 shares traded across 2,349 deals, closing at N127.80 per share. Access Holdings Plc recorded heavy activity in the other financial institutions category, pulling a volume of 99,365,975 shares across 1,652 deals to close at N28.40 per share.

Guaranty Trust Holding Company Plc also witnessed strong participation, recording 12,169,864 shares traded in 2,082 deals to close at N128.00 per share.

The consumer goods and industrial goods sectors posted notable market performances characterised by high-priced bellwether listings. Dangote Cement Plc closed at N1,066.70 per share with a market capitalisation of N17,999,025.65m, while BUA Cement Plc closed at N297.00 per share.

Telecommunications giant MTN Nigeria Communications Plc maintained a solid market valuation of N17,720m, closing at a price of N844.00 per share with 1,170,077 shares traded across 2,198 deals. Airtel Africa Plc traded at a prime price point of N6,300.00 per share, contributing to the telecommunications services volume on the main board.

The Federal Government and corporate debt securities segment recorded light activity during the session, with various bond tranches maintaining stable pricing configurations alongside non-interest financial products such as Sukuk bonds.

Overall, market breadth closed on a resilient note as sectoral indicators such as the NGX Main-Board Index, NGX Banking Index, and NGX Oil and Gas Index demonstrated steady mid-week momentum.

Jide, a seasoned journalist with over 12-year experience, reports business-related stories

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