BREAKING: 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 total market capitalisation of listed equities surged to an all-time high of N164.97 trillion.

The benchmark NGX All-Share Index (ASI) mirrored this bullish momentum, gaining 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 monetary terms, equity investors added N779.31 billion in net market value during Thursday’s session alone, reversing Wednesday’s slight pullback (N164.19 trillion) and surpassing the previous record of N164.91 trillion recorded on Tuesday, October 27, 2026.

The primary catalyst driving these record numbers was intense buying demand in industrial heavyweights alongside maximum percentage gains across selective mid-cap stocks.

This industrial surge effectively absorbed profit-taking pressures in the financial sector, where First Holdco PLC dropped 10.00% to N125.55 on massive trading volume (343.8 million shares traded) and pulled the NGX Banking Index down 2.10% to 2,461.21 points.

Sectoral performance across the Nigerian Exchange on October 29, 2026, was anchored by a sharp advance in industrial heavyweights and select growth sectors.

Conversely, financial services and governance-tracked equities faced targeted profit-taking that constrained further market-wide gains.

The NGX Banking Index declined 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 alongside mild pullbacks in tier-1 lenders 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 key economic segments experienced muted trading activity, with the NGX Consumer Goods Index slipping 0.06% to 4,016.66 points and the NGX Oil/Gas Index edging up marginally by 0.05% to 6,089.25 points.

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