The Nigerian Exchange climbed 3.84% as renewed bullish sentiment boosted market confidence.
Overview of NGX performance for the week ended 6 February 2026
The NGX All-Share Index (ASI) soared by 3.84% in the trading week ending Friday, 6 February 2026. The Index closed the week at 171,727.49 points, up from 165,370.40 points the previous Friday. This marked a decisive shift into positive territory after two weeks of mixed results, reflecting renewed investor confidence and robust trading activity.
Alongside the rise in the ASI, the market capitalization expanded significantly, climbing from N106.15 trillion to approximately N110.23 trillion in the review week. The increase of over N4 trillion in weekly market value underscores the strength of the rally.
This Nigerian Exchange performance marked the most bullish performance so far this year, driven by earnings optimism, bargain buying, large-cap strength, liquidity inflow, and improving investor confidence.
Trading activity strengthened in the week, with 3.86 billion shares exchanging hands, up from 3.08 billion shares the prior week.
The NGX Premium Index gained by 6.80%, driven by the significant performance of heavyweight stocks like Seplat (+10.00%), MTN (+8.41%), Dangote Cement (+7.09%), Lafarge Africa (+6.37%), First HoldCo (+4.44%), and Zenith Bank (+3.57%).
Sectoral Highlight
The NGX Oil and Gas led the market, gaining 10.88%. This was driven by notable gains in Aradel (15.36%) and Seplat (10.00%)
The NGX Industrial Goods Index soared by 4.36% on account of 7.09% jump in Dangote Cement and a 6.37% gain in Lafarge Africa.
The NGX Banking Index gained 3.57%, driven by tier-one banks and small-cap stocks like Abbey Mortgage and LivingTrust Mortgagen which gained 59.04% and 26.91%, respectively.
Market breadth was strongly positive with 71 stocks gaining value, 35 declined, while 42 stocks remained flat. This shows a widespread uplift rather than gains concentrated in just a few major stocks.
Market Highlight
– ASI Weekly Close: 171,727.49 points
– Month-on-month Change: 3.84%
– Year-to-Date Return: 10.36%
– Market Capitalization: N110.23 trillion
Top Gainers
RT Briscoe Plc: up 60.69%
Zichis Agro Allied Industries Plc: up 60.38%
Abbey Mortgage Bank Plc: up 59.04%
Union Dicon Salt Plc: up 49.14%
Austin Laz & Company Plc: up 38.46%
Daar Communications Plc: up 34.75%
Top Losers
Deap Capital Management & Trust Plc: down 27.37%
UH Real Estate Investment Trust Plc: down 26.99%
Red Star Express Plc: down 17.55%
UPDC Real Estate Investment Trust: down 12.29%
Cornerstone Insurance Plc: down 12.24%
Omatek Ventures Plc: down 12.00%
The NGX’s performance in the week ended 6 February 2026 was a clear bullish rebound after recent quiet trading. Strong participation, rising market breadth, and substantial gains in both the All-Share Index and market capitalization point to renewed investor confidence.
