Highly capitalised stocks push gain to N2trn in October.
…as investors reap N4.5trn WoW By Peter Egwuatu The Nigerian stock market strengthened Month-on-Month (MoM), in October 2026, as renewed buying interest in heavyweight stocks lifted the benchmark of the Nigerian Exchange, NGX Index above the 250,000-point psychological threshold.
According to analysts, although the market’s upward movement suggests renewed investor confidence, the uneven distribution of gains points to a selective investment strategy.
Investors appear to be concentrating on stocks with significant market influence while maintaining a cautious approach towards other equities.
This divergence between index performance and market breadth remains an important consideration in assessing the sustainability of the current rally. Specifically, breakdown of trading in October showed that the NGX market capitalisation closed at N165.114 trillion from 163.104 trillion in September. Similarly, the NGX All Share Index, ASI surged by 1.2% to close at 254,299.49 points from 251,211.67 points in September. on Week-on-Week, WoW the market gained N4.595 trillion as market capitalisation rose from N160.519 trillion the previous week in October to close at N165.114 trillion last week while the NGX ASI rose by 2.9% from 247,222.27 points previous week to close at 254,299.49 points last week.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with Vanguard Business.