The Nigerian Trade Restricted (NGX) opened the brand new buying and selling week on a powerful bullish observe as aggressive shopping for pushed the benchmark index sharply increased.
The NGX All-Share Index (ASI) surged by 4.36 p.c to shut at 190,262.44, in comparison with 182,313.08 recorded on the shut of the earlier week on Friday, February 13, 2026.
Fairness market capitalisation climbed from ₦117.027 trillion on the finish of final week to ₦122,129,988,802,836.16, reflecting a exceptional achieve of roughly ₦5.10 trillion in a single session.
This marks one of many strongest single-day capitalisation expansions in latest periods.
Liquidity Growth Indicators Institutional Positioning
Buying and selling exercise strengthened considerably:
Offers: 64,821
Quantity: 1,075,885,250 shares
Worth: ₦64,025,689,588.49
For context, the whole week ended February 13 recorded complete turnover of ₦193.33 billion. Monday alone accounted for over 33 p.c of final week’s complete worth traded, underscoring the depth of capital influx.
The transaction worth additionally exceeded Friday’s ₦52.63 billion shut, confirming renewed momentum.
Sectoral and Heavyweight Affect
The rally was supported by robust positive aspects in main counters:
ARADEL rose 10 p.c to ₦1,096.70
BETAGLAS gained 10 p.c to ₦453.20
JAIZBANK, IKEJAHOTEL, and ZICHIS all appreciated by 10 p.c
The sharp value growth in high-capitalisation shares contributed materially to the index’s 4.36 p.c soar.
Notably, the NGX Oil & Fuel Index had already gained 11.40 p.c within the prior week. Monday’s efficiency suggests continued energy in energy-linked equities.
Most Lively Shares Mirror Banking and Power Rotation
Probably the most actively traded shares have been:
ZENITHBANK – ₦5.93 billion
OANDO – ₦3.19 billion
ACCESSCORP – ₦2.26 billion
Heavy turnover in these names signifies institutional rotation into banking and oil & gasoline performs.
ZENITHBANK’s ₦5.93 billion turnover alone alerts sustained international and home curiosity in tier-one monetary establishments.
Revenue-Taking Pockets
Regardless of the broad rally, selective profit-taking emerged:
LOTUSHAL15 declined 10 p.c
RTBRISCOE fell 9.99 p.c
DEAPCAP dropped 9.91 p.c
The pullback in some mid- and small-cap shares suggests tactical repositioning moderately than broad-based weak point.
Fastened Earnings and ETF Market
Bond devices remained largely unchanged, indicating that the capital motion was equity-driven moderately than a shift from mounted revenue to bonds.
ETF efficiency was combined:
ETF flows stay supportive however secondary to fairness momentum.
Vital Weekly-to-Each day Evaluation
1. Momentum Acceleration
The market gained 6.16 p.c for the whole earlier week.
Monday alone delivered 4.36 p.c, that means the market has already achieved practically 71 p.c of final week’s complete achieve in only one session.
This means accelerating bullish momentum.
2. Capitalisation Breakout Above ₦120 Trillion
Crossing the ₦120 trillion threshold is psychologically important.
The soar to ₦122.13 trillion reinforces the energy of institutional accumulation.
3. Liquidity Affirmation
Monday’s ₦64.03 billion turnover:
4. Danger Consideration
Whereas the rally is robust, the 4.36 p.c single-day spike raises the likelihood of short-term consolidation or gentle profit-taking in subsequent periods.
Nevertheless, breadth stays supportive given the earlier week recorded:
If breadth sustains above 2:1 in favor of advancers, the rally might prolong.
Outlook
The NGX has entered a high-momentum section following final week’s 6.16 p.c achieve and Monday’s 4.36 p.c surge.
If liquidity stays above ₦50 billion every day and heavyweight shares preserve upward bias, the ASI might check new psychological thresholds above 195,000 within the close to time period.
Nevertheless, buyers ought to monitor:
The market construction at the moment favors bulls, however volatility is more likely to improve as valuations increase quickly.
