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ARADEL, MTNN, BUACEMENT, and WAPCO shares surge as NGX benchmark index extends record; Naira rises again vs dollar

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TUE FEB 10 2026-theGBJournal| The Nigerian equities market continued its winning streak on Tuesday as investors moved into large-cap and mid-cap stocks and more value-oriented areas of the market.

The benchmark NGX All-Share Index rose 1.65% to 176,809.43 points, receiving a boost from ARADEL (+7.1%), MTNN (+3.7%), BUACEMENT (+4.9%), and WAPCO (+10.0%).

As a result, the Month-to-Date and Year-to-Date returns settled higher at +6.9% and +13.6%, respectively. Market Capitalization also climbed to N113.49 trillion.

The total volume traded increased by 68.1% to 1.30 billion units, valued at N50.43 billion, and exchanged in 58,965 deals.

DEAPCAP was the most traded stock by volume at 283.12 million units while MTNN was the most traded stock by value at N6.80 billion.

Sectoral performance was positive as the Oil & Gas (+3.0%), Industrial Goods (+2.9%), Banking (+1.8%) and Consumer Goods (+0.2%) indices closed higher while the Insurance index closed flat.

As measured by market breadth, market sentiment was positive (3.0x), as 64 tickers gained relative to 21 losers.

JOHNHOLT (+10.0%) and ETRANZACT (+10.0%) led the gainers, while ABBEYBDS (-9.8%) and SKYAVN (-9.1%) posted the most significant losses of the day.

Meanwhile, the FX market finished the day’s official trading in green, and showing a notable appreciation of the naira against the dollar.’

The local currency finished higher by 0.2% to N1,356.00/US$1, supported by strengthened liquidity.

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

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