The Nigerian Exchange closed the trading week ended Friday, February 6, 2026, on a strong bullish note as sustained buying interest across key sectors drove broad market appreciation.
The NGX All-Share Index (ASI) advanced by 3.84 percent week-on-week to close at 171,727.49 points, up from 165,370.40 points recorded at the previous week’s close.
Consequently, total market capitalisation rose to ₦110.235 trillion amid renewed investor confidence and improved market breadth.
Equity Market Performance
Investors traded a total of 3.860 billion shares valued at ₦128.581 billion in 240,463 deals during the week, representing a significant increase compared with 3.087 billion shares worth ₦81.505 billion exchanged in 222,185 deals in the preceding week.
The Financial Services sector dominated trading activity, accounting for 2.188 billion shares valued at ₦50.459 billion across 94,005 deals. This translated to 56.68 percent of total market volume and 39.24 percent of total equity value for the week.
The Services sector followed with 466.77 million shares worth ₦4.495 billion traded in 18,526 deals, while the ICT sector ranked third with 377.80 million shares valued at ₦9.049 billion in 25,653 deals.
Trading in Chams Holding Company Plc, Access Holdings Plc, and Universal Insurance Plc accounted for a combined 664.94 million shares valued at ₦6.801 billion in 15,161 deals, contributing 17.23 percent of total market volume and 5.29 percent of total value.
Daily Equity Turnover Overview
Over the five trading sessions:
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Monday, February 2: 762.73 million shares worth ₦18.40 billion
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Tuesday, February 3: 736.14 million shares worth ₦24.37 billion
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Wednesday, February 4: 694.76 million shares worth ₦20.54 billion
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Thursday, February 5: 712.94 million shares worth ₦22.23 billion
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Friday, February 6: 953.71 million shares worth ₦43.04 billion
Market breadth remained positive throughout the week, with advancing stocks consistently outpacing decliners.
Sectoral and Index Performance
All major indices closed higher except the NGX Insurance Index, which declined by 2.33 percent.
Notable weekly index performances include:
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NGX Premium Index: +6.80%
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NGX Oil & Gas Index: +10.88%
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NGX Pension Index: +5.26%
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NGX Industrial Goods Index: +4.36%
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NGX Banking Index: +3.57%
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NGX Consumer Goods Index: +1.01%
Year-to-date returns remained robust, with the NGX Growth Index posting a gain of 57.67 percent, while the NGX Oil & Gas Index recorded a 26.18 percent YtD increase.
Market Breadth
During the week:
This represents an improvement compared to the previous week, highlighting stronger bullish participation.
Top Price Gainers
Leading the gainers’ chart were:
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RT Briscoe Plc: +60.69%
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Zichis Agro Allied Industries Plc: +60.38%
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Abbey Mortgage Bank Plc: +59.04%
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Union Dicon Salt Plc: +49.14%
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Austin Laz & Company Plc: +38.46%
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DAAR Communications Plc: +34.75%
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The Initiates Plc: +30.10%
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Fortis Global Insurance Plc: +30.00%
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LivingTrust Mortgage Bank Plc: +26.91%
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Julius Berger Nigeria Plc: +26.81%
Top Price Decliners
On the downside:
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Deap Capital Management & Trust Plc: −27.37%
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UH Real Estate Investment Trust: −26.99%
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Red Star Express Plc: −17.55%
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UPDC REIT: −12.29%
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Cornerstone Insurance Plc: −12.24%
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Omatek Ventures Plc: −12.00%
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Sunu Assurances Nigeria Plc: −11.89%
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AXA Mansard Insurance Plc: −10.01%
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Chams Holding Company Plc: −8.20%
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Lasaco Assurance Plc: −7.76%
Exchange-Traded Products (ETPs)
A total of 2.421 million units valued at ₦438.47 million were traded in 3,084 deals, compared with 2.620 million units worth ₦784.23 million in the previous week.
The most active ETPs included VETGRIF30, STANBICETF30, VSPBONDETF, and SIAMLETF40.
Bond Market Activity
The bond market recorded a sharp increase in activity as 449,548 units valued at ₦476.43 million were traded in 58 deals, up from 91,005 units valued at ₦90.69 million in 42 deals the previous week.
Trading was dominated by FGSUK2032S7, which accounted for ₦294.57 million in turnover.
Market Developments
During the week, Nigerian Exchange (NGX) Limited listed the ₦300 billion 7-year 19.75% FGN Roads Ijarah Sukuk due 2032, further deepening the domestic fixed income market.
Additionally, trading suspension on Fortis Global Insurance Plc was lifted following the submission of outstanding financial statements, while FGN Savings Bonds for December 2025 were officially listed on February 5, 2026.
Outlook
The strong weekly performance, expanding market breadth, and rising turnover suggest sustained investor appetite for equities amid sector rotation and earnings positioning. Market direction in the near term is expected to remain positive, supported by liquidity inflows and renewed interest in both equities and fixed income instruments.
