The Nigerian stock market closed on October 23, 2026, with the All-Share Index at 247,222.27 points and market capitalisation at ₦160.52 trillion, as investors traded 611.68 million shares worth ₦23.14 billion.
The Nigerian equities market closed trading on Friday, October 23, 2026, with the Nigerian Exchange (NGX) All-Share Index standing at 247,222.27 points and total market capitalisation reaching N160.52 trillion, as gains in Dangote Cement, First HoldCo and other listed equities highlighted the day's trading activities.
Market data showed that investors exchanged 611.68 million shares valued at N23.14 billion across 33,585 deals, reflecting substantial trading activity across various sectors of the market.
The NGX All-Share Index, which measures the overall performance of listed equities, settled at 247,222.27 points, while total equity market capitalisation stood at N160.519 trillion.
Dangote Cement Plc and First HoldCo Plc emerged as the session's leading gainers, with both companies recording the maximum 10 per cent price appreciation.
Dangote Cement advanced by N101.00, rising from N1,010.00 to N1,111.00 per share, while First HoldCo gained N13.10 to close at N144.10, compared with its previous closing price of N131.00.
Guinea Insurance followed with a 9.41 per cent increase, appreciating from N0.85 to N0.93 per share. Fidelity Bank also recorded significant price appreciation, climbing by 9.09 per cent from N22.00 to N24.00 per share, while FTN Cocoa Processors gained 5.60 per cent to close at N7.92, against its previous closing price of N7.50.
Despite gains recorded by several equities, selling pressure weighed on other counters, with Livestock Feeds Plc leading the losers' chart after shedding 9.79 per cent. The company's share price declined by N1.85, falling from N18.90 to N17.05.
Tripple Gee and Company Plc followed with an 8.74 per cent decline, closing at N2.82 compared with N3.09 in the previous session.
UPDC Real Estate Investment Trust lost 8.14 per cent to settle at N17.50, down from N19.05, while HBMNG depreciated by 7.65 per cent, dropping from N379.00 to N350.00 per share.
Neimeth International Pharmaceuticals completed the top five decliners, falling by 6.58 per cent from N7.60 to N7.10.
Trading activity was concentrated in selected equities, with Multitrex Integrated Foods Plc emerging as the most actively traded stock by volume.
Multitrex recorded transactions involving 246.79 million shares valued at N162.88 million, accounting for approximately 40.35 per cent of the market's total trading volume.
Livestock Feeds followed with 46.84 million shares valued at N875.57 million, representing approximately 7.66 per cent of total shares traded.
LASACO Assurance recorded 23.82 million shares worth N41.25 million, while Sovereign Trust Insurance, represented by SOVRENINS, traded 21.54 million shares valued at N42.10 million.
Stanbic IBTC Holdings recorded 19.81 million shares worth N3.17 billion, making it the highest traded equity by value among the five most active stocks provided.
Collectively, the five equities accounted for approximately 358.78 million shares, representing 58.65 per cent of total market volume.
The concentration of transactions in these counters highlighted the significant role played by selected insurance, financial services, manufacturing and agricultural-related equities in shaping trading activity.
The October 23 trading session reflected divergent performances across the Nigerian equities market, as strong price appreciation in Dangote Cement, First HoldCo and Fidelity Bank contrasted with losses recorded by Livestock Feeds, Tripple Gee and other declining stocks.
Looking ahead, market participants will likely continue to monitor movements in heavyweight equities, corporate earnings announcements, liquidity conditions and broader macroeconomic developments for indications of market direction.
The performance of large-cap stocks, particularly Dangote Cement and leading financial institutions, could remain important in determining the direction of the benchmark index in subsequent trading sessions.
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