Nigerian Stock Market Starts February on Positive Note, Market Cap Adds N9bn

The Nigerian stock market kicked off February 2026 on a positive note, with the Nigerian Exchange Limited All-Share Index (NGX ASI) gaining 0.01%, closing at 165,384.64 basis points. Market capitalization rose by N9 billion to close at N106.162 trillion.

Sector performance was mixed, with the insurance sector down by 2%, the banking index dropping by 0.6%, and the oil and gas sector advancing by 2%. Market breadth was bearish with 44 declining stocks overshadowing 29 advancing stocks.

Notable gainers included Premier Paints, Universal Insurance, and R.T. Briscoe Nigeria, while losers included Omatek Ventures, AXA Mansard, and Deap Capital Management.

Total volume traded increased by 10.96% to 762.751 million units valued at N18.409 billion. The most active stocks were Tantalizers, Zenith Bank, Veritas Kapital Assurance, and First Holdco.