Highly capitalised stocks push gain to N2 trn in October

…As investors reap N4.5trn WoW 

By Peter Egwuatu

The Nigerian stock market strengthened Month-on-Month (MoM), in October 2026, as renewed buying interest in heavyweight stocks lifted the benchmark of the Nigerian Exchange, NGX Index above the 250,000-point psychological threshold. 
The rally added N2.01 trillion to market capitalisation, reflecting strong price appreciation in selected large-capitalised stocks across the Industrial Goods, Financial Services and Energy sectors.
According to analysts, although the market’s upward movement suggests renewed investor confidence, the uneven distribution of gains points to a selective investment strategy.
Investors appear to be con...