The Nigerian equity market gained N21.74 billion on Thursday, October 15, 2026, as the NGX maintained its rally for a second consecutive day.
The benchmark All-Share Index (ASI) appreciated by 33.48 points (0.01%) to close at 247,707.13 points, compared to 247,673.65 points recorded on Wednesday.
Correspondingly, market capitalisation increased from N160.81 trillion to N160.83 trillion as investors exchanged 286,680,060 shares across 30,186 deals in the equities segment.
The NGX Oil/Gas Index surged from 6,034.68 to 6,194.16 points. This rally was anchored by high-priced energy stocks, notably Aradel Holdings Plc, which jumped 7.14% (+N99.90) to close at N1,499.90, and Oando Plc, which gained 1.16% to land at N34.95.
Beyond the heavyweights, positive overall market breadth, with 26 gainers against 24 decliners, underscored broader investor appetite across mid-cap and growth equities.
However, MTN Nigeria Communications Plc dropped 2.84% (-N24.00) to N820.00, dragging the NGX Premium Index down from 31,123.69 to 30,909.21 points, while NASCON Allied Industries Plc fell 9.48% to N171.00 under a tight monetary atmosphere where the Central Bank of Nigeria’s benchmark Monetary Policy Rate stands at 23.00%.
Sectoral performance on Thursday, October 15, 2026, was led by the NGX Oil/Gas Index, which surged by 159.48 points to close at 6,194.16 points (up from 6,034.68 on Wednesday).
In contrast, contraction in large-cap stocks dragged down the NGX Premium Index, making it the session’s biggest decliner with a loss of 214.48 points to finish at 30,909.21 points (down from 31,123.69).
Insurance holdings faced mild sell-offs as the NGX Insurance Index slipped to 1,080.09 points (down from 1,082.33), alongside the NGX Corporate Governance (CG) Index, which dropped to 7,257.45 points (from 7,275.18).
Minor pullbacks were also observed in the NGX MERI Growth Index (16,022.92 points), the NGX MERI Value Index (22,802.45 points), and the NGX Pension Broad Index (4,974.79 points).
Meanwhile, the NGX Industrial Index closed nearly flat at 10,442.87 points (from 10,442.79), and fixed-income benchmarks stayed static, with the NGX Sovereign Bond Index unchanged at 661.50 points.
