FCMB Shares Trade N35.8 Billion as NGX Rebounds 0.58%

On February 18, 2026, FCMB Group shares worth N35.8 billion were traded on Customs Street, contributing to a 0.58% rebound in the Nigerian Exchange (NGX), which closed at 190,427.96 points. The trading session recorded a total of 3.6 billion shares exchanged across 68,693 deals, indicating a strong bullish sentiment in the market.

FCMB accounted for 80% of the total volume with 2.9 billion shares traded. Other notable transactions included Zenith Bank at N2.5 billion and MTN Nigeria at N2.06 billion.

The market capitalization rose to N122.2 trillion, with the index reclaiming the 190,000 mark. Despite some stocks showing declines, such as Deap Capital and Mercur Industries, the overall market momentum remained positive, with significant gains from stocks like Seplat Energy and Zenith Bank.

The market's bullish trend is expected to continue, with projections toward the 191,000 to 192,000 level.