…NASD Securities Index (NSI) and market capitalization rose by 2.09% to close at 3,766.94 points and N2.25 trillion
TUE FEB 10 2026-theGBJournal| Nigeria’s All-Share Index continued its rally and reached new highs on Monday, amid gains in large-cap and mid-tier equities and the naira, reflecting strong investor confidence across Nigeria’s capital market.
The Index advanced to 173,946.22 points, lifting market capitalization to N111.66 trillion, and the Month-to-Date and Year-to-Date returns to highs of +5.2% and +11.8%, respectively.
Trading activity demonstrated notable liquidity with total volumes reaching 775 million shares and a value turnover of N27.91 billion, including active engagement across both institutional and retail segments and reflecting a healthy market participation dynamic.
ACCESSCORP was the most traded stock by volume at 67.14 million units, while ZENITHBANK was the most traded stock by value at N3.43 billion.
The Industrial Goods (+4.8%), Oil & Gas (+1.3%) and Consumer Goods (+0.7%) indices advanced while the Banking and Insurance indices declined.
As measured by market breadth, market sentiment was positive (2.3x), as 57 tickers gained relative to 25 losers.
DAARCOMM (+10.00%), MAYBAKER (+10.0%) and CAP (+10.0%) led the gainers, while TRIPPLEG (-8.9%) and ABBEYBDS (-8.0%) posted the most significant losses of the day.
Profit-taking was also evident in stocks such as Geregu Power and Multiverse, reflecting tactical rebalancing rather than broad-based risk aversion.
At the NASD OTC market also opened the week positively, as NASD Securities Index (NSI) and market capitalization rose by 2.09% to close at 3,766.94 points and N2.25trn, respectively.
Market activity strengthened significantly. The volume and value of transactions increased materially by 3,499.06% and 518.04%, respectively.
SDCSCSPLC (+9.09%) led the market gainers, while SDGEFLUID (-5.39%) topped the market losers.
Meanwhile, the Naira recorded a broad-based appreciation against the US Dollar
across both official and parallel markets.
At the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, the currency strengthened by 1.3% to N1,358.00/US$1 after 1.47% week-on-week gain to N1,366.20/US$ by close of official trade on Friday, last week.
Similarly, the Naira appreciated in the parallel market by 0.34% to N1,460.00/US$, from N1,465.00/US$ previously.
Despite these gains, the spread between the parallel market rate and the official exchange rate widened to N93.80.
This widening premium reflects persistent demand for foreign currency, especially in cash in the informal market, driven largely by early positioning ahead of the 2027 election cycle, rather than near-term pressures within the official FX market.
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