Best performing Nigerian stocks in October: Dangote Cement lead N2.01 trillion rally
AI Executive Briefing
Verified Synthesis~60s readFirst Holdco fell 25.48%, while Zenith Bank declined 11.19%, GTCO lost 9.09%, UBA dropped 7.59%, and Access Holdings fell 5.92%. MTN Nigeria gained 1.55% to N850, while Fidelity Bank rose 10.85% to N24 and Guinness Nigeria advanced 9.93% to N423.
Context & Background
- ✦Highlight of the 10 stocks behind the rally: (September 30 vs. October 30) Dangote Cement: +33.12%, from N1,066.70 to N1,420.00 MTN Nigeria: +1.55%, from N837.00 to N850.00 Fidelity Bank: +10.85%, from N21.65 to N24.00 Guinness Nigeria: +9.93%, from N384.80 to N423.00 Ecobank Transnational: +4.41%, from N68.00 to N71.00 Unilever Nigeria: +3.91%, from N104.90 to N109.00 Honeywell Flour Mill: +25.28%, from N18.00 to N22.55 CAP: +10.00%, from N100.00 to N110.00 Livestock Feeds: +64.20%, from N8.10 to N13.30 E-Tranzact International: +33.61%, from N12.20 to N16.30 Industrial stocks outperform banking shares: The NGX Industrial Index recorded the strongest sectoral performance in October, increasing by 16.85% to 12,199.20 points, largely supported by Dangote Cement.
Key Figures & Named Entities
2026:The Nigerian Exchange (NGX) recorded a N2.01 trillion increase in equity market capitalisation in October 2026, rising by 1.23% to N165.11 trillion from N163.10 trillion at the end of September, driven largely by Dangote Cement and selected mid-cap stocks.1.23%:The NGX market performance data for the month indicate that the benchmark All-Share Index (ASI) increased to 254,299.49 points from 251,211.67 points, representing a gain of approximately 1.23% or 3,087.82 points.72 declined:Of the 146 securities tracked, 28 gained, 72 declined and 46 were unchanged.
Outlook & Next Steps
Follow original publisher reporting for subsequent developments, official responses, and verified updates.
Key Takeaways
Verified Extract- First Holdco fell 25.48%, while Zenith Bank declined 11.19%, GTCO lost 9.09%, UBA dropped 7.59%, and Access Holdings fell 5.92%.
- MTN Nigeria gained 1.55% to N850, while Fidelity Bank rose 10.85% to N24 and Guinness Nigeria advanced 9.93% to N423.
- Highlight of the 10 stocks behind the rally: (September 30 vs. October 30) Dangote Cement: +33.12%, from N1,066.70 to N1,420.00 MTN Nigeria: +1.55%, from N837.00 to N850.00 Fidelity Bank: +10.85%, from N21.65 to N24.00 Guinness Nigeria: +9.93%, from N384.80 to N423.00 Ecobank Transnational: +4.41%, from N68.00 to N71.00 Unilever Nigeria: +3.91%, from N104.90 to N109.00 Honeywell Flour Mill: +25.28%, from N18.00 to N22.55 CAP: +10.00%, from N100.00 to N110.00 Livestock Feeds: +64.20%, from N8.10 to N13.30 E-Tranzact International: +33.61%, from N12.20 to N16.30 Industrial stocks outperform banking shares: The NGX Industrial Index recorded the strongest sectoral performance in October, increasing by 16.85% to 12,199.20 points, largely supported by Dangote Cement.
Key Facts:2026: The Nigerian Exchange (NGX) recorded a N2.01 trillion increase in equity market capitalisation in October 2026, rising by 1.23% to N165.11 trillion from N163.10 trillion at the end of September, driven largely by Dangote Cement and selected mid-cap stocks.1.23%: The NGX market performance data for the month indicate that the benchmark All-Share Index (ASI) increased to 254,299.49 points from 251,211.67 points, representing a gain of approximately 1.23% or 3,087.82 points.72 declined: Of the 146 securities tracked, 28 gained, 72 declined and 46 were unchanged.$304 million: OPay post-IPO trading halted after raising $304 millionBitcoin drops below $77,000 as $6 billion Binance hack rattles crypto marketCustodian Investment’s nine-month pre-tax profit rises 25.52% to N66.20 billionDangote Cement leads October rally Dangote Cement emerged as a major contributor to October’s market rally, gaining 33.12% to close at N1,420 per share from N1,066.70 at the end of September.
Editorial Excerpt
The Nigerian Exchange (NGX) recorded a N2.01 trillion increase in equity market capitalisation in October 2026, rising by 1.23% to N165.11 trillion from N163.10 trillion at the end of September, driven largely by Dangote Cement and selected mid-cap stocks.
Frequently Asked Questions About This Story
What is the latest development regarding United Bank for Africa?
First Holdco fell 25.48%, while Zenith Bank declined 11.19%, GTCO lost 9.09%, UBA dropped 7.59%, and Access Holdings fell 5.92%.
Who are the key organizations or public figures mentioned?
MTN Nigeria gained 1.55% to N850, while Fidelity Bank rose 10.85% to N24 and Guinness Nigeria advanced 9.93% to N423.
What timeline or key figures were confirmed?
The Nigerian Exchange (NGX) recorded a N2.01 trillion increase in equity market capitalisation in October 2026, rising by 1.23% to N165.11 trillion from N163.10 trillion at the end of September, driven largely by Dangote Cement and selected mid-cap stocks.
