Key Highlights
- The Nigerian equities market surged by 10,585.59 points, closing at 182,313.08 for the week ended 13 February 2026.
- This represents a 6.16% week-on-week increase from the previous close of 171,727.49.
- Market capitalization rose by over 6% to close at N117.02 trillion.
- The NGX Oil & Gas Index led sectoral gains with an 11.40% increase.
- Market breadth improved with 79 stocks recording price gains, compared to 27 stocks that declined.
The Nigerian equities market delivered a robust performance in the trading week ended 13 February 2026, fueled by strong positive sentiment. The market rose 10,585.59 points to close at 182,313.08, breaking above the 180,000 mark for the first time in its history.
This impressive performance translates to a 6.16% week-on-week increase from the previous close of 171,727.49. Trading activity also strengthened, with 4.6 billion shares exchanged in 286,751 deals, up from 3.8 billion shares in the previous week. Market capitalization mirrored this growth, rising by over 6% to close at N117.02 trillion.
Market breadth showed significant improvement, as 79 stocks recorded price gains during the week, a notable increase from the 71 recorded in the preceding week. Conversely, only 27 stocks declined in price, fewer than the 35 recorded the week before. This data suggests a rally backed by strong participation, not just rising prices.
The All-Share Index closed in positive territory on every trading day of the week ended 13 February, decisively breaking through the 180,000 psychological threshold. The rally was largely driven by the NGX Premium Index, which surged an impressive 10.63%. Broad market indices also reflected the strength of the rally, with the NGX 30 Index climbing 6.25%, while the NGX Main Board Index rose 3.64%.
All sectors closed the week in positive territory. The NGX Oil & Gas Index led the charge with an impressive 11.40% surge. The NGX Industrial Goods Index also finished strongly, up 7.09%, supported by significant gains in key players like Lafarge Africa (up 12.87%), Dangote Cement (up 6.81%), and BUA Cement (up 4.92%).
The NGX Banking Index advanced 5.84%, reflecting bullish momentum across both Tier-1 and Tier-2 banking stocks. Meanwhile, the NGX Consumer Goods and NGX Insurance indices recorded more modest gains of 2.95% and 0.65%, respectively, rounding off a broadly positive week across sectors.
The 6.16% weekly gain reflects stronger bullish participation compared to the 3.84% advance recorded in the previous week. According to analysts, well-timed positions in fundamentally strong large-cap stocks that are beginning to build momentum could provide opportunities that align with the market’s broader upward trend.