NGX hits record 173,946 points as Investors gain N1.42Tn

The Nigerian local bourse maintained its aggressive upward trajectory on Monday, February 9, 2026, with the All-Share Index (ASI) appreciating by 1.29% to close at an all-time high of 173,946.22 points.

This sustained bullish momentum was primarily driven by high-cap stocks such as Dangote Cement and Aradel Holdings, pushing the total market capitalization to ₦111.66 trillion and representing a single-day gain of ₦1.424 trillion for equities investors.

Picking up from last week’s surge of over ₦4 trillion, the market opened the new week with continued positive sentiment as bargain hunting persisted across mid-cap and blue-chip stocks in key market sectors.

The industrial sector emerged as the primary catalyst for Monday's growth, advancing by 4.76% as the sector index added over 2,218 basis points.

Dangote Cement Plc saw its share price rise by 8.81% as investors increased their bets on industrial names amidst the ongoing earnings season and heightened expectations for dividend declarations.

Other heavyweights contributing to the rally included ARADEL, UBA, TRANSCORP, FCMB, and DANGSUGAR, reflecting broad-based interest across the Industrial, Oil & Gas, and Consumer Goods sectors.

Despite the appreciation in index value, market activity levels saw a significant dip compared to previous sessions.

The total volume of all trades declined by 18.72%, while the total value of transactions fell by 35.21%. Approximately 775.18 million units valued at ₦27,915.68 million were transacted across 65,960 deals. ACCESSCORP topped the volume chart, accounting for 8.70% of the aggregate volume traded, while ZENITHBANK accounted for 12.34% of the total value of all trades executed, making it the highest traded stock by value on the exchange for the day.

The market breadth closed on a positive note with 58 gainers against 26 losers. Top performers included CAP, MAYBAKER, and DAARCOMM, which each gained 10.00%, followed closely by RTBRISCOE, DEAPCAP, and NAHCO.

On the flip side, EUNISELL topped the worst performers' chart with a price depreciation of 9.98%, followed by TRIPPLEG, ABBEYBDS, and AUSTINLAZ. While the Industrial, Oil & Gas, and Consumer Goods sectors recorded positive performances, the Banking and Insurance sectors saw marginal declines of 0.04% and 0.03%, respectively.