Nigerian All-Share Index Hits Eight-Day Winning Streak as Transcorp Hotels Soars 9%
The Nigerian equities market maintained its bullish momentum on 11th February 2026, as the All-Share Index (ASI) rose 0.78% to close at 178,184.3 points. This marks an eighth consecutive day of gains, driven by a remarkable 9.4% rally in Transcorp Hotels, which captured investor attention in the large-cap segment. The index added 1,378.4 points, surpassing the 178,000 threshold for the first time, signaling growing optimism among market participants.
Market activity remained robust, with 939 million shares traded, slightly lower than the previous session’s 1.05 billion. Tantalizers and Access Holdings led trading volumes, exchanging 85.3 million and 61.3 million shares, respectively. Overall equity capitalization strengthened to N114.3 trillion across 61,279 deals, reflecting a steady appreciation of market value.
Investors found opportunities among both large- and mid-cap stocks, with notable gainers including Meyer, Nestle, Fortis Global, and Consolidated Hallmark, each rising around 10%. Conversely, Honeywell Flour and Neimeth recorded declines of 9.70% and 9.15%, highlighting pockets of volatility within the market. SWOOTs like Nigerian Breweries (+1.17%) and MTN (+1.09%) mirrored the positive trend, though Lafarge bucked the tide with a minor 0.43% drop.
In terms of trading value, Aradel topped the list with N2.9 billion in transactions, followed closely by MTN (N2.8 billion), Zenith Bank (N2.7 billion), Lafarge (N2.4 billion), and GTCO (N2.1 billion). The FUGAZ segment saw GTCO lead with a 4.95% gain, supported by Zenith Bank (+2.30%) and UBA (+2.06%), while Access Holdings slipped slightly by 0.41%. These movements underscore a dynamic market landscape where both volume and value are driving performance.
The sustained upward trajectory of the ASI highlights growing investor confidence and reinforces bullish sentiment in Nigeria’s equities market. Analysts suggest that continued gains in high-performing large- and mid-cap stocks could propel the index toward the 180,000 mark. While opportunities abound, experts caution investors to remain vigilant as market volatility persists.
source: nairametrics