The Nigerian stock market closed higher on Friday, October 23, 2026, as gains in Dangote Cement and First Holdco lifted total equity market capitalization to ₦160.52 trillion.
Investors gained ₦1.47 trillion, representing a 0.92% increase from Thursday’s ₦159.05 trillion. The All-Share Index advanced by 2,265.33 points to 247,222.27 points, its highest closing level of the trading week.
Trading Activity Strengthens
Investors traded 611.66 million shares across 33,540 deals. Trading volume rose 69.57% from Thursday’s 360.71 million shares, while the number of deals rose 6.97%.
The ₦1.47 trillion increase reflects the change in market capitalization, not the value of shares traded.
Dangote Cement and First Holdco Lead Gainers
Dangote Cement and First Holdco each gained 10%, closing at ₦1,111.00 and ₦144.10 respectively.
Other notable gainers included:
- Guineco Insurance: up 9.41% to ₦0.93.
- Fidelity Bank: up 9.09% to ₦24.00.
- FTN Cocoa: up 5.60% to ₦7.92.
Livestock Feeds led the reported decliners, falling 9.79% to ₦17.05. Tripple Gee lost 8.74%, while UPDC Real Estate Investment Trust declined by 8.14%.
Industrial and Banking Stocks Drive Gains
The NGX Industrial Index rose to 10,646.68 points, while the Banking Index climbed to 2,515.47 points. The Premium Board Index also advanced to 31,175.31 points.
However, the Oil & Gas Index declined to 6,035.77 points as Aradel Holdings fell 6.33%. The Main-Board Index also slipped, while consumer goods and insurance recorded modest gains.
Friday’s rally reflected strong gains in selected industrial and banking stocks, with performance remaining mixed across other sectors.
