{"id":4453,"date":"2026-10-30T18:16:16","date_gmt":"2026-10-30T18:16:16","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/30\/nigerian-stocks-surge-to-unprecedented-n165trn-market-valuation-businessday-ng\/"},"modified":"2026-10-30T18:16:16","modified_gmt":"2026-10-30T18:16:16","slug":"nigerian-stocks-surge-to-unprecedented-n165trn-market-valuation-businessday-ng","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/30\/nigerian-stocks-surge-to-unprecedented-n165trn-market-valuation-businessday-ng\/","title":{"rendered":"Nigerian stocks surge to unprecedented N165trn market valuation \u2013 Businessday NG"},"content":{"rendered":"

The Nigerian equities market has reached an unprecedented milestone, driven by persistent demand for heavyweight industrial and financial equities, as total market capitalisation crossed the N165 trillion frontier to N165.114 trillion.\n<\/p>\n

The benchmark NGX All-Share Index (ASI) surged past the 254,000 mark to 254,299.49 points on Friday October 30, driven by widespread buying interest across core sectors.\n<\/p>\n

The current rally extends a robust multi-week bull run, bringing the year-to-date (YtD) gain for the local bourse to over 61 percent.\n<\/p>\n

The surge to the historic high was anchored by significant gains among blue-chip counters and large-cap market leaders.\n<\/p>\n

The Nigerian stock market\u2019s performance reflects a combination of renewed institutional demand, strategic positioning in fundamentally sound equities, and bargain-hunting ahead of earnings reports.<\/p>\n

For instance,\u00a0Dangote Cement Plc, the industrial giant led the charge, soaring the most.\n<\/p>\n

The stock\u2019s sharp upward shift pushed the NGX Industrial Index significantly higher, acting as the primary catalyst behind the market\u2019s record surge.\n<\/p>\n

While occasional profit-taking was recorded across secondary sectors, the underlying liquidity in large-cap stocks successfully absorbed selling pressure, keeping market valuation anchored firmly at record highs.\n<\/p>\n

Stockbrokers expect the positive momentum to persist in the near term as institutional investors adjust exposure in response to dynamic macroeconomic factors.\n<\/p>\n

Temi Popoola, GMD\/CEO, Nigerian Exchange Group (NGX Group) said, \u201cThe performance of Nigeria\u2019s equities market is an encouraging reflection of the growing confidence in the country\u2019s economic potential and the opportunities available to investors.<\/p>\n

\u201cMore importantly, it highlights the increasing role of the capital market in mobilising long-term capital to support enterprise growth, investment and sustainable economic development. For Nigeria to fully realise this potential, we must continue to build a deeper, more competitive and globally connected capital market, supported by consistent economic reforms, sound policies and strong institutional collaboration,\u201d he added.\n<\/p>\n

According to Jude Chiemeka, CEO, Nigerian Exchange Limited \u201cThe NGX All-Share Index reaching a historic high, with equity market capitalisation at N165 trillion, underscores the growing depth and resilience of Nigeria\u2019s equities market. It also reflects increased investor participation and expanding opportunities across listed companies.\n<\/p>\n

\u201cOur priority is to sustain this momentum through quality listings, product innovation, improved liquidity and greater market efficiency, further strengthening NGX as a preferred destination for capital raising and investment,\u201d he said.\n<\/p>\n

Also, sustained demand across top-tier banking institutions provided substantial momentum. Guaranty Trust Holding Company (GTCO), United Bank for Africa (UBA), Access Holdings, Fidelity Bank, and Wema Bank recorded strong inflows from institutional investors rebalancing their portfolios.\n<\/p>\n

Additional buy-side pressure was sustained by consumer goods and mid-cap stocks, including Honeywell Flour Mills, which jumped nearly 10 percent during the Friday\u2019s trading.<\/p>\n

The equities market rally was led by Dangote Cement, which gained 27.81 percent in the review week to N1,420, followed by Honeywell Flour Mills, up 25.98 percent to N22.55, and UPDC REIT, which rose 20.57 percent to N21.10. Caverton Offshore Support Group was the biggest loser, shedding 25 percent to N3.60.\n<\/p>\n

Analysts attributed the rally largely to increased liquidity, improved sentiment and a shift from fixed-income securities.\n<\/p>\n

Omoniyi Animashaun of United Capital said the rally was \u201clargely driven by increased liquidity and investor sentiment,\u201d while Kehinde Jones of Anchoria Capital Group said the outlook remained \u201ccautiously positive,\u201d supported by corporate earnings and stronger domestic participation.\n<\/p>\n

However, Jude Aido of Sky Capital said the shift into equities was \u201clargely liquidity-driven and temporary,\u201d warning that investors could return to fixed-income assets if yields become more attractive.\n<\/p>\n

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\n\t\t\t\t\t\t\tIheanyi Nwachukwu<\/a><\/strong><\/p>\n

Iheanyi Nwachukwu, is a creative content writer with over two decades journalism experience writing on banking, finance, capital markets, and\u2026<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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Businessday NG<\/div>\n","protected":false},"excerpt":{"rendered":"

The Nigerian equities market has reached an unprecedented milestone, driven by persistent demand for heavyweight industrial and financial equities, as total market capitalisation crossed the N165 trillion frontier to N165.114… <\/p>\n","protected":false},"author":1,"featured_media":4454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/4453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=4453"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/4453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/4454"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=4453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=4453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=4453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}