…The NASD Securities Index and market capitalisation gained 0.09%
…The NGX celebrated the institutions and market leaders whose performance shaped the 2025 trading year at the NGX Made of Africa Awards
THUR FEB 05 2026-theGBJournal| The NGX Benchmark index closed higher on Wednesday amid a slew of corporate reports, reinforcing the market’s cautious recovery path.
The All-Share Index settled higher by 1.3% to 168,030.18 points, extending the Month-to-Date and Year-to-Date gains +1.6 and +8.0%, respectively while market capitalization rose to N107.9 trillion.
Gains in MTNN (+2.9%), ARADEL (+3.7%), FIRSTHOLDCO (+9.9%) and WAPCO (+5.1%) drove market performance, despite losses ETRANZACT (-9.89%), NEM (-3.59%), and STANBIC (-0.68%).
The total volume traded declined by 2.2% to 694.79 million units, valued at N20.57 billion, and exchanged in 42,095 deals.
CHAMS was the most traded stock by volume at 57.44 million units, while SEPLAT was the most traded stock by value at N2.56 billion.
Sectoral performance was broadly positive as the Banking (+2.3%), Oil & Gas (+1.5%), Industrial Goods (+1.2%) and Consumer Goods (+1.1%) indices advanced while the Insurance (-0.8%) index declined.
As measured by market breadth, market sentiment was positive (2.1x), as 52 tickers gained relative to 25 losers.
DAARCOMM (+10.0%) and BERGER (+10.0%) led the gainers, while REDSTAREX (-10.0%) and DEAPCAP (-10.0%) posted the most significant losses of the day.
In another development, the NGX celebrated the institutions and market leaders whose performance shaped the 2025 trading year at the NGX Made of Africa Awards.
According to the NGX, the institutions and market leaders represent the diversity of the Nigerian economy, spanning sectors, asset classes and functions, while playing a critical role in expanding investor participation, deepening market liquidity and strengthening confidence in the capital market.
Together, the awardees reflect a growing ecosystem where innovation meets regulation, access meets opportunity, and long-term value creation continues to drive Nigeria’s economic progress.”
Meanwhile, the NASD market gained for the second consecutive session this week, as the NASD Securities Index and market capitalisation gained 0.09% to settle at 3,644.48 points and N2.18trn, respectively.
Market activity weakened during the session, as transaction volume and value fell sharply by 64.47% and 53.23%, respectively.
On the performance board, SDAIRLIQ (+9.05%) led the gainers, while SDGEFLUID (-10.46%) topped the decliners’ chart for the session.
At the foreign exchange market, the NAFEM rate strengthened to N1,359.00/US$, suggesting relative stability in the official FX window, supported by tighter liquidity management.
The naira gain, supported by rising external reserves of $46.59 billion, underscores that improved liquidity from autonomous sources, is now the primary price determinant.
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