Nigeria: Bulls Kick Off Week As Investors Gain N1.42trn On Ngx

10 February 2026
Daily Trust (Abuja)
By Abdullateef Aliyu

Bullish sentiment dominated trading on the Nigerian Exchange (NGX) on Monday as equities investors gained N1.42 trillion, driven by renewed buying interest in Dangote Cement, Aradel Holdings, United Bank for Africa (UBA), and other blue-chip stocks.

The market opened the week on a positive note, with key performance indicators strengthening. The NGX All-Share Index (ASI) advanced by 1.29 per cent, adding 2,218.73 basis points to close at 173,946.22, while market capitalisation rose by N1.42 trillion, or 1.29 per cent, to settle at N111.66 trillion.

The rally extended the previous week's momentum, during which the market recorded a surge of over N4 trillion in value, as investors continued bargain hunting across mid-cap and fundamentally sound stocks.

Market operators attributed the gains to sustained demand for industrial, oil and gas, and consumer goods stocks, with notable activity in Dangote Cement, ARADEL, TRANSCORP, FCMB, UBA, and DANGSUGAR.

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Sectoral performance reflected the positive sentiment, with the Industrial Goods index leading the charge with a 4.76 per cent gain. The Oil and Gas sector rose by 1.29 per cent, while the Consumer Goods index appreciated by 0.74 per cent. However, the Banking and Insurance indices recorded marginal declines of 0.04 per cent and 0.03 per cent, respectively.

Despite the price rally, trading activity weakened. Total volume and value of transactions declined by 18.72 per cent and 35.21 per cent, respectively. A total of 775.18 million shares worth N27.92 billion were exchanged in 65,960 deals.

ACCESSCORP led the volume chart, accounting for 8.70 per cent of total traded shares, followed by ZENITHBANK (5.99 per cent), NSLTECH (5.69 per cent), VERITASKAP (5.10 per cent), and MBENEFIT (4.39 per cent). ZENITHBANK emerged as the most traded stock by value, accounting for 12.34 per cent of total transactions.

On the gainers' chart, CAP, MAYBAKER, and DAAR Communications topped with the maximum daily gain of 10 per cent each. They were followed by RTBRISCOE (+9.98%), DEAPCAP (+9.97%), NAHCO (+9.97%), ZICHIS (+9.97%), and UNIONDICON (+9.96%), alongside several others.

Dangote Cement climbed 8.81 per cent as investors increased exposure to industrial names amid earnings releases and expectations of dividend declarations.

On the downside, 26 stocks recorded losses. EUNISELL led the losers with a 9.98 per cent drop, followed by TRIPPLEG (-8.90%), ABBEYBDS (-8.03%), AUSTINLAZ (-7.41%), HMCALL (-6.56%), and NSLTECH (-6.25%).

Market breadth closed positive, with 58 gainers outpacing 26 losers, reinforcing the bullish tone that marked the start of the trading week.

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