Highly Capitalised Stocks Add N2 Trillion to Market Gains in October

Nigeria’s stock market added N2.01 trillion in October 2026, as renewed buying in large-cap industrial goods, financial services and energy stocks lifted the market. NGX market capitalisation rose to N165.114 trillion from N163.104 trillion in September, while the All Share Index gained 1.2% to close at 254,299.49 points. In the final week of the month, the market gained N4.595 trillion and the index rose 2.9%. Analysts said gains were concentrated in selected stocks and noted that oil prices, interest rates, inflation, corporate earnings and foreign-exchange conditions will shape the outlook.