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

The Nigerian stock market kicked off February 2026 on a positive note, as the Nigerian Exchange Limited All-Share Index (NGX ASI) appreciated by 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 (NGX: PREMPAINTS), Universal Insurance (NGX: UNIVINSURE), and R.T. Briscoe Nigeria, while losers included Omatek Ventures (NGX: OMATEK), AXA Mansard, and Deap Capital Management.

Total volume traded increased by 10.96% to 762.751 million units valued at N18.409 billion. Top active stocks included Tantalizers, Zenith Bank (NGX: ZENITHBANK), and Veritas Kapital Assurance (NGX: VERITASKAP).