The Nigerian Exchange (NGX) extended its winning streak on 12 February 2026, closing 441.3 points higher at 178,625.6. This 0.25% increase from the previous session reflects robust investor appetite, with Seplat leading daily advancers after hitting the 10% price limit. The index’s upward move marks the ninth consecutive session of gains, signaling continued bullish sentiment among market participants.
Trading activity slowed slightly, with total volume falling to 698.3 million shares from 939 million shares recorded the day before. Despite the moderation, market capitalisation edged higher to N114.6 trillion, supported by strong demand for banking and mid-cap stocks. GTCO and Zenith Bank dominated the value-traded chart, highlighting institutional interest in heavyweight counters.
Among the notable gainers, Seplat, RT Briscoe, and Deap Capital each surged by the maximum daily limit of 10%, while Zichis and DAAR Communications recorded significant increases. On the downside, Nigerian Aviation Handling Company and Abbey Mortgage Bank fell sharply by 9.98% and 9.68%, respectively, reflecting profit-taking pressure in select names. Investors concentrated activity in banking and mid-cap sectors, reinforcing their role as key drivers of the market rally.
SWOOTs and FUGAZ segments showed mixed performance, with large-cap Seplat climbing 10% and MTN gaining 0.46%. Conversely, Dangote Cement, Lafarge, and Nigerian Breweries posted minor losses. Banking stocks such as UBA, GTCO, Access Holdings, and Zenith Bank saw modest gains, maintaining market momentum and signaling sustained confidence in Nigeria’s financial sector.
Analysts note that while trading volumes are lower, the NGX’s bullish momentum remains strong, with the All-Share Index now approaching the psychological 179,000-point threshold. Continued strength in large-cap stocks, particularly within banking, could pave the way for the index to reach 180,000 points, underlining optimism among investors despite technical overbought conditions.
source: nairametrics