The stock market weekly analysis for the week ended on Friday, 30 October 2026, indicates that investors on the floor of the Exchange traded a total turnover of 7.619 bn shares worth 637.826 bn in 192,138 deals, which contrasts sharply with the total of 2.024 bn shares valued at 110.773 bn that exchanged hands the previous week in 173,113 deals.
The Financial Services Industry led the activity chart measured by volume with 6.990 bn shares valued at 573.492 bn traded in 85,998 deals, contributing 91.75 per cent and 89.91 per cent to the total equity turnover volume and value, respectively.
The Consumer Goods Industry followed with 164.650 million shares worth N7.201bn in 20,297 deals, while the Services Industry took third place with a turnover of 93.278 million shares worth N1.567bn in 9,932 deals.
Market index movements
Regarding index movement, the NGX All-Share Index and Market Capitalisation both appreciated 2.86 per cent to close the week at 254,299.49 and 165.114 trillion, respectively.
Similarly, most other indices finished higher except for the NGX Main Board, NGX CG, NGX Banking, NGX Insurance, NGX Consumer Goods, NGX Growth, and NGX Commodity indices, which depreciated 0.11 per cent, 1.70 per cent, 3.42 per cent, 2.13 per cent, 0.02 per cent, 1.02 per cent, and 0.38 per cent, respectively.
In terms of price changes, 33 equities appreciated in price during the week, which is higher than the twenty equities recorded in the previous week. Conversely, 48 equities depreciated in price, which is lower than 55 equities in the previous week, while 65 equities remained unchanged compared to seventy-one in the previous period.
Dangote Cement Plc led the top price gainers after rising 27.81 per cent from an open of 1,111.00 to close at 1,420.00, while Caverton Offshore Support Group Plc led the price decliners after dropping 25.00 per cent from 4.80 to 3.60.
There was also a price adjustment during the week for Zenith Bank Plc, which traded ex-dividend on 26 October 2026, with a last close price of 120.90 and a dividend of 1.50.
Trading product overview
In the Exchange Traded Products segment, a total of 1.346 million units valued at 512.142 million were traded this week in 4,472 deals, showing an increase compared to the 1.128 million units valued at 244.251 million transacted last week in 3,298 deals.
Vetbank led the ETP activity with 373,329 units, followed closely by StanbicETF30 and Vetgrif30. Meanwhile, the bonds market recorded a total of 2.294 million units valued at N2.195bn traded across 56 deals, compared to 234,682 units valued at N226.306m in 65 deals during the previous week.
Corporate debt listings
Corporate listings during the week featured the listing of Rare Gems Jewellery Limited’s commercial paper under its 20,000,000,000-issuance programme on Wednesday, 28 October 2026, encompassing Series 1 Tranche A and Tranche B.
Additionally, the Federal Government of Nigeria Savings Bonds issued in October 2026 were listed on the NGX on 28 October 2026, consisting of two-year and three-year issues with coupons of 13.07 per cent and 14.07 per cent, respectively.
NBET Finance Company Plc also listed its Series 2 Tranche A and Tranche B 7-year 18.0 per cent fixed rate bonds due 2033 under its multi-instrument issuance programme on Thursday, 29 October 2026.
Foreign exchange market
In the FX Spot and Derivatives markets, the total turnover for the week-ended 30 October 2026, reached $3,712.53m, representing an increase of 43.02 per cent ($1,116.80 m) from the $2,595.73m reported for the week-ended 23 October 2026.
Highlighting the drivers behind this performance, the FMDQ report noted that, “The week-on-week increase in total turnover was jointly driven by the 41.33 per cent ($1,064.11m) increase in FX Spot transactions, which recorded a total value of $3,638.70m compared to $2,574.59m in the week-ended 23 October 2026, and the 249.24 per cent ($52.69m) increase in FX Derivatives transactions (comprising FX Forward) for the week-ended 30 October 2026.”
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