…NASD Securities Index and market capitalisation advanced by 0.86% to close at 3,974.77 points and N2.38 trillion
SAT FEB 14 2026-theGBJournal| The Nigerian equities market extended its rally by close of trade on Friday, for a second consecutive week, underpinned by bargain hunting in bellwethers including MTNN (+14.3%), DANGCEM (+6.8%), SEPLAT (+14.0%), NESTLE (+21.0%), WAPCO (+12.9%), GTCO (+11.7%) and ARADEL (+10.8%).
Consequently, the All Share Index (ASI) rose by 6.0% w/w to 182,107.12 points, its strongest weekly performance since 26 January 2024, lifting the MTD and YTD returns to +10.1% and +17.0%, respectively.
All other indices finished higher with the exception of NGX Sovereign Bond index
which depreciated by 0.01%, while market capitalisation increased by N6.79 trillion w/w to N117.02 trillion.
Market participation also improved with total trading volume and value increasing by 26.4% w/w and 49.6% w/w, respectively.
Sectoral performance was broadly positive, with gains recorded across the Oil & Gas (+11.4%), Industrial Goods (+7.1%), Banking (+5.8%), Consumer Goods (+3.0%), and Insurance (+0.4%) sectors.
Market performance is expected to be guided by key macroeconomic releases next week, including the January inflation print, which could influence interest rate expectations. Sentiments will also be influenced by a new batch of earnings releases and accompanying dividend payments which may drive repricing.
Meanwhile, the NASD market extended its bullish momentum in Friday’s session, as the NASD Securities Index and market capitalisation advanced by 0.86% to close at 3,974.77 points and N2.38 trillion, respectively.
This pushed the market’s week-to-date performance to a 7.73% gain.
Trading activity strengthened, with transaction volume increasing by 9.52%, while total traded value surged by 1,206.45%, reflecting improved investor participation.
On the performance table, SDLBICPLC (+9.09%) led the gainers, while SDGEFLUID (-10.00%) topped the decliners for the session.
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