By Boluwatife Oshadiya | October 28, 2026
Key Points
- NGX All-Share Index advances 1.07% to 253,990.06 points as market capitalisation gains ₦1.75 trillion to ₦164.91 trillion
- Year-to-date market return climbs to 63.22%, although 36 stocks decline against 20 gainers
- Trading volume rises 1,488.14% to 5.23 billion shares, while transaction value reaches ₦441.47 billion
Main Story
Nigeria’s equities market rose on Tuesday, with the NGX All-Share Index advancing 1.07% to 253,990.06 points and market capitalisation increasing by ₦1.75 trillion to ₦164.91 trillion, according to the supplied market report.
The advance lifted the market’s year-to-date return to 63.22%. However, market breadth remained negative, as 20 stocks gained while 36 declined, indicating that the index’s rise did not reflect gains across the majority of advancing and declining stocks.
UPDCREIT, DANGCEM, HONYFLOUR, AVACAP and NAHCO led the gainers, while PRESCO, TRIPPLEG, THOMASWY, AUSTINLAZ and TRANSCORP recorded the largest losses.
Sector performance was mixed. The Banking, Consumer Goods and Industrial Goods indices rose by 0.01%, 0.05% and 5.50%, respectively. The Insurance index fell 2.44%, while the Oil and Gas and Commodity indices declined by 0.01% and 1.04%.
Trading activity increased sharply in volume and value, even as the number of deals declined. The session recorded 35,946 deals involving 5.23 billion shares valued at ₦441.47 billion. Deal count fell 17.74%, while volume and transaction value increased by 1,488.14% and 1,634.62%, respectively.
The supplied report attributes the market’s positive outlook to renewed buying interest, bargain-hunting opportunities and investor positioning in fundamentally strong stocks. However, it does not identify the stockbrokers making that assessment or provide a direct quotation.
What’s Being Said
The market report points to expectations of continued positive momentum, supported by buying interest and opportunities in stocks considered fundamentally strong. No named stockbroker or independent analyst quotation was supplied, so the outlook requires direct attribution before publication.
What’s Next
- Investors will assess the next trading session for signs that the index’s advance is broadening beyond a limited group of large-cap stocks.
- Market participants will monitor sector performance and trading activity to determine whether the surge in volume and transaction value is sustained.
Bottom Line
The Bottom Line: The rise in market capitalisation and the 63.22% year-to-date return reinforce the market’s strong performance, but negative market breadth signals that the rally is not universal. Investors should distinguish gains in the headline index from the performance of individual stocks and sectors.
