Nigerian Stock Market Surges 441.3 Points with Seplat Leading Daily Gainers

The Nigerian stock market, as reflected by the NGX, experienced a significant increase of 441.3 points on February 12, 2026, closing at 178,625.6 points. Seplat emerged as a top performer, hitting the daily 10% price limit.

Total volume declined to 698.3 million shares, with notable trade activities in GTCo, Zenith Bank, MTNN, Aradel, and others. While some stocks like Dangote Cement and Lafarge saw declines, the market capitalization edged higher to N114.6 trillion.

The market momentum remained strong, with the All-Share Index (ASI) showing a year-to-date return of 14.79%. Investor confidence was sustained, with the index approaching the 179,000 psychological level.

The market appeared technically overbought, driven by bullish sentiment and a rotation of investments into large-cap stocks like Seplat. The banking sector particularly showed strength, pushing the index towards the 180,000 mark.