The Nigerian Exchange Limited (NGX) recorded a significant uptick in trading activity last week, with a total of 3.86 billion shares valued at N128.58 billion exchanged across 240,463 deals, according to the bourse’s weekly market report covering February 2–6, 2026. This marks a 10% increase in trade value compared to the previous week, reflecting growing investor confidence and heightened market activity.
Market capitalization rose by 3.84% to N110.23 trillion, up from N106.15 trillion the prior week. The All-Share Index (ASI) also expanded by 3.84%, climbing from 165,370.4 to 171,727.49, signaling a positive momentum for equities despite some fluctuations in individual stock prices.
The financial services sector led trading volumes, accounting for 2.18 billion shares valued at N50.45 billion across 94,005 deals. This represents 56.68% of total traded volume and 39.24% of total trade value. Following closely were the services and ICT sectors, which recorded 466.77 million and 377.80 million shares traded, respectively, highlighting the diversity of investor activity across key industries.
Among equities, Chams Holding, Access Holdings, and Universal Insurance emerged as the most actively traded stocks by volume, together contributing 17.23% of total shares exchanged. Meanwhile, RT Briscoe led the gainers’ chart, rising from N7.86 to N12.63 per share. Other notable winners included ZICHIS Agro Allied, Abbey Mortgage Bank, Union Dicon Salt, and Austin Laz & Company, reflecting strong investor appetite for growth-oriented stocks.
On the flip side, Deap Capital topped the list of decliners, dropping from N9.39 to N6.82 per share. Other notable losers included UH Real Estate Insurance, Red Star Express, UPDC Real Estate Investment, and Cornerstone Insurance, highlighting ongoing market corrections and selective profit-taking. Overall, the week underscored a dynamic NGX market, with surging trade volumes and mixed stock performance shaping investor sentiment.
source: The cable