SAT OCT 31 2026-theGBJournal| Nigerian stocks rose in the final trading day of the month as investors digest the week’s earnings releases and corporate disclosures, including dividend declarations.
The NGX All-Share Index (ASI) advanced by 2.86% w/w to close at 254,299.49 points, while market capitalisation increased by 2.86% w/w to N165.11 trillion.
This strengthened the ASI year-to-date (YTD) return to 63.42%, from 58.87% in the previous week.
Similarly, all other indices finished higher with the exception of NGX Main Board, NGX CG, NGX Banking, NGX Insurance, NGX Consumer Goods, NGX Growth and NGX Commodity indices which depreciated by 0.11%, 1.70%, 3.42%, 2.13%, 0.02%, 1.02% and 0.38% respectively.
The weekly performance was supported by gains in DANGCEM (+27.81% w/w), ACCESSCORP (+7.92% w/w) and MTNN (+3.03% w/w), while losses in FIRSTHOLDCO (-17.31% w/w), GTCO (-1.64% w/w) and LIVESTOCK (-21.99% w/w) moderated the market’s advance.
Sectoral performance was mixed, with the Industrial Goods index leading the gainers, advancing by 14.58% w/w, followed by Oil & Gas (+0.82% w/w).
The Banking and Insurance indices declined by 3.42%, while the insurance indices shed 2.13% w/w, and the Consumer Goods indices shed 0.02% w/w.
In Friday’s session, The NGX ASI and market capitalisation advanced by 0.09% each.
The positive performance was supported by gains in FIDELITYBK (+9.09%), HONYFLOUR (+10.00%) and WEMA(+3.23%), which offset losses in FIRSTHOLDCO (-5.10%), ACCESSCORP (-3.05%) and GTCO (-0.74%).
Market activity strengthened, with total volume traded rising by 52.47% to 997.57mn units, while value traded increased by 49.59% to ₦85.81 billion.
The number of deals also rose by 5.72% to 37,870. FIRSTHOLDCO (-5.10%) led the volume chart with 580.36 million units traded, while FIRSTHOLDCO also topped the value chart with transactions worth ₦66.55 billion.
Market breadth was negative at 0.77x, reflecting thirty advancers against thirty-nine decliners. HONYFLOUR (+10.00%) led the gainers, while CAVERTON (-10.00%) led the decliners.
Meanwhile, the NASD OTC market closed the week on a negative note, as the NASD Security Index (NSI) declined by 0.25% DTD and 1.45% WTD to close at 4,282.07 points.
Market capitalisation stood at N2.57 trillion, while the year-to-date (YTD) return moderated to 20.83% from 21.13%.
Market activity weakened, as total volume traded declined by 89.20% to 173,527 units, while total value traded fell by 40.36% to N13.07 million. However, the number of trades increased by 20.69% to 35.
SD11PLC (+10.00%) was the sole gainer, while SDFCWAMCO (-5.69%) led the decliners in the session.
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