{"id":722,"date":"2026-10-24T11:01:21","date_gmt":"2026-10-24T11:01:21","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/24\/best-performing-nigerian-stocks-for-the-week-ended-october-23-2026\/"},"modified":"2026-10-24T11:01:21","modified_gmt":"2026-10-24T11:01:21","slug":"best-performing-nigerian-stocks-for-the-week-ended-october-23-2026","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/24\/best-performing-nigerian-stocks-for-the-week-ended-october-23-2026\/","title":{"rendered":"Best performing Nigerian stocks for the week ended October 23, 2026"},"content":{"rendered":"<p>Nigerian equities closed lower for a fourth straight week, with the benchmark NGX All-Share Index (ASI) declining 317.46 points, or 0.13%, to 247,222.27 from 247,539.73 points, as losses in insurance, oil and gas and banking stocks outweighed industrial goods.<\/p>\n<p>Market capitalisation fell by about N210.89 billion to N160.519 trillion, leaving the year-to-date return at 58.87%.<\/p>\n<p>However, the NGX recorded a significant rebound on Friday with the market capitalisation rising by about N1.47 trillion on Friday from N159.048 trillion.<\/p>\n<p>Over the five trading days, ABC Transport led the gainers with a 20.66% rise to N7.30.<\/p>\n<p>Conversely, Aradel Holdings, Vitafoam Nigeria and NGX Group recorded the largest per-share price declines while UPDC Real Estate Investment Trust fell 17.26%, the steepest percentage drop.<\/p>\n<h4><strong>What the data is saying:<\/strong><\/h4>\n<p>Market breadth turned negative, with 55 equities depreciating, up from 30 the week before, against 20 appreciating, down from 50. Seventy-one equities were unchanged.<\/p>\n<ul>\n<li>Turnover rose to 2.024 billion shares worth N110.773 billion in 173,113 deals, from 1.659 billion shares worth N98.088 billion in 184,632 deals, up 22% in volume and about 13% in value.<\/li>\n<li>The Financial Services Industry led by volume with 1.111 billion shares worth N53.908 billion in 81,787 deals, or 54.89% of volume and 48.66% of value.<\/li>\n<li>The Consumer Goods Industry followed with 394.039 million shares worth N9.811 billion, and the Agriculture Industry with 147.170 million shares worth N2.821 billion.<\/li>\n<li>The top three stocks by volume, Multi-Trex Integrated Foods, Zenith Bank and Livestock Feeds, accounted for 521.565 million shares worth N19.093 billion in 16,487 deals, or 25.76% of volume and 17.24% of value.<\/li>\n<\/ul>\n<p>The week was lopsided. After Monday\u2019s close of 245,278.34 points, about 0.91% below the previous Friday, the index gained 0.26% on Tuesday, lost 0.32% on Wednesday and 0.07% on Thursday to reach a weekly low of 244,956.94 points, then rebounded 0.92% on Friday, adding 2,265.33 points.<\/p>\n<h4><strong>Sectoral performance:<\/strong><\/h4>\n<blockquote>\n<ul>\n<li>The NGX Industrial Goods Index gained 1.95% to 10,646.68 points, taking its year-to-date return to 87.56%.<\/li>\n<li>The NGX Insurance Index fell 2.79% to 1,049.43 points, extending its year-to-date loss to 11.76%.<\/li>\n<li>The NGX Oil\/Gas Index fell 2.55% to 6,035.77 points, reversing the previous week\u2019s 3.13% gain, though it still leads year to date at 126.04%.<\/li>\n<li>The NGX Commodity Index fell 1.78% to 1,902.87 points.<\/li>\n<li>The NGX Banking Index fell 0.67% to 2,515.47 points, while the NGX Banking Index went down 7.25% for the month.<\/li>\n<li>The NGX Consumer Goods Index fell 0.55% to 4,014.81 points.<\/li>\n<\/ul>\n<\/blockquote>\n<h4><strong>Top 10 Weekly Gainers:<\/strong><\/h4>\n<blockquote>\n<ul>\n<li>ABC Transport \u2014 N7.30: up 20.66% from N6.05<\/li>\n<li>AVA Capital \u2014 N7.30: up 17.74% from N6.20<\/li>\n<li>Caverton Offshore Support Group \u2014 N4.80: up 17.07% from N4.10<\/li>\n<li>Fidelity Bank \u2014 N24.00: up 14.01% from N21.05<\/li>\n<li>Multi-Trex Integrated Foods \u2014 N0.66: up 10.00% from N0.60<\/li>\n<li>LivingTrust Mortgage Bank \u2014 N3.22: up 9.90% from N2.93<\/li>\n<li>Meyer \u2014 N17.50: up 9.72% from N15.95<\/li>\n<li>Critical Minerals Financing Corp \u2014 N3.57: up 7.85% from N3.31<\/li>\n<li>Thomas Wyatt Nigeria \u2014 N2.60: up 7.44% from N2.42<\/li>\n<li>NASCON Allied Industries \u2014 N183.50: up 7.31% from N171.00<\/li>\n<\/ul>\n<\/blockquote>\n<h4><strong>Top 10 Weekly Losers:<\/strong><\/h4>\n<blockquote>\n<ul>\n<li>UPDC Real Estate Investment Trust \u2014 N17.50: down 17.26% from N21.15<\/li>\n<li>Omatek Ventures \u2014 N1.40: down 12.50% from N1.60<\/li>\n<li>University Press \u2014 N4.35: down 12.12% from N4.95<\/li>\n<li>Regency Alliance Insurance \u2014 N0.71: down 11.25% from N0.80<\/li>\n<li>Nigerian Exchange Group \u2014 N152.50: down 10.29% from N170.00<\/li>\n<li>Livestock Feeds \u2014 N17.05: down 10.26% from N19.00<\/li>\n<li>Vitafoam Nigeria \u2014 N174.60: down 10.00% from N194.00<\/li>\n<li>CWG \u2014 N18.05: down 9.98% from N20.05<\/li>\n<li>International Breweries \u2014 N9.05: down 9.50% from N10.00<\/li>\n<li>Tripple Gee and Company \u2014 N2.82: down 8.74% from N3.09<\/li>\n<li>Largest per-share declines:<\/li>\n<li>In terms of absolute price declines, Aradel Holdings lost N94.90 per share, or 6.33%, to N1,405.00 from N1,499.90, the largest drop in Naira fall.<\/li>\n<li>Vitafoam Nigeria lost N19.40 and NGX Group lost N17.50.<\/li>\n<li>Custodian Investment (N5.30),<\/li>\n<li>Ecobank Transnational (N4.40),<\/li>\n<li>UAC of Nigeria (N3.00) and<\/li>\n<li>GTCO (N2.80) also fell.<\/li>\n<\/ul>\n<\/blockquote>\n<p>The price declines in these stocks contributed to the drag in market performance.<\/p>\n<h4><strong>What stands out:<\/strong><\/h4>\n<p>Several stocks reversed the previous week\u2019s moves. UPDC REIT, which fell 11.88% last week, fell again. Livestock Feeds gave back 10.26% after a 44.49% jump, and Omatek Ventures fell 12.50% after a 19.40% gain. Aradel dropped after last week\u2019s 8.93% rise.<\/p>\n<p>In banking, Fidelity Bank gained 14.01% while the sector index fell, and <a href=\"https:\/\/nairametrics.com\/2026\/10\/23\/ngx-market-capitalisation-soars-past-n160-trillion-as-equities-close-week-on-green\/\">Nairametrics reported that First HoldCo shares rose 10%<\/a> on October 23 after a nine-month profit surge.<\/p>\n<h4><strong>What you should know:<\/strong><\/h4>\n<p><a href=\"https:\/\/nairametrics.com\/2026\/10\/22\/ngx-stocks-shed-n103-6-billion-as-bearish-pressure-drives-all-share-index-to-weekly-low\/\">Nairametrics reported that the market had shed N103.6 billion on October 22,<\/a> taking the index to its weekly low, before Friday\u2019s recovery lifted market capitalisation back above N160 trillion.<\/p>\n<p>The ASI has fallen 0.52%, 0.97%, 0.33% and 0.13% in the last four weeks, but weekly losses have narrowed.<\/p>\n<p><a href=\"https:\/\/nairametrics.com\/2026\/10\/23\/ngx-market-capitalisation-soars-past-n160-trillion-as-equities-close-week-on-green\/\">Friday\u2019s 0.92% rebound<\/a> shows buyers returned late in the week, though the week\u2019s breadth of 55 decliners against 20 gainers remains weak.<\/p>\n<p>Source: <\/p>\n<div class=\"nSourse\">Nairametrics<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nigerian equities closed lower for a fourth straight week, with the benchmark NGX All-Share Index (ASI) declining 317.46 points, or 0.13%, to 247,222.27 from 247,539.73 points, as losses in insurance,&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-722","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/722","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=722"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/722\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}