NGX Weekly Report: All-Share Index Surges 6.95% to 194,989.77 as Investors Trade ₦252.57 Billion
The Nigerian equities market closed the week ended Friday, February 27, 2026, on a strong bullish note as the benchmark index advanced sharply amid increased trading activity and strong sectoral performance.
Data obtained from Nigerian Exchange Limited (NGX) showed that the NGX All-Share Index (ASI) gained 6.95 percent week-on-week to close at 194,989.77 points, up from 182,313.08 recorded in the previous week. Market capitalization appreciated accordingly to ₦125.164 trillion.
The weekly gain of 12,676.69 points reinforces sustained investor appetite across banking, oil and gas, industrial goods, and premium board stocks.
Equity Market Turnover Rises to ₦252.57 Billion
A total turnover of 7.662 billion shares valued at ₦252.566 billion was traded in 345,118 deals during the review week. This represents an increase when compared to 4.652 billion shares worth ₦193.326 billion exchanged in 286,751 deals in the prior week.
The Financial Services Industry dominated trading activity by volume, accounting for 5.625 billion shares valued at ₦113.599 billion in 129,729 deals. The sector contributed 73.41 percent to total equity volume and 44.98 percent to total value.
The Services Industry followed with 493.131 million shares worth ₦5.866 billion in 30,396 deals, while the Oil and Gas Industry recorded 425.657 million shares valued at ₦35.742 billion in 23,136 deals.
The three most actively traded equities by volume were:
FCMB Group Plc
Access Holdings Plc
Zenith Bank Plc
Collectively, the trio accounted for 3.594 billion shares valued at ₦69.147 billion in 33,802 deals, representing 46.90 percent of total traded volume and 27.38 percent of total traded value.
Exchange Traded Products and Bonds Activity
Trading in Exchange Traded Products (ETPs) declined week-on-week. Investors transacted 3.837 million units valued at ₦547.38 million in 5,252 deals, compared to 8.741 million units worth ₦1.544 billion recorded in 7,784 deals in the previous week.
Bond market activity, however, improved moderately. A total of 246,779 units valued at ₦256.629 million were traded in 39 deals, up from 163,354 units worth ₦164.253 million recorded in 47 deals the prior week.
Sectoral and Index Performance
Most market indices closed higher, reflecting broad-based gains across major sectors.
The NGX Premium Index rose 9.19 percent.
The NGX Oil and Gas Index advanced 8.66 percent.
The NGX Industrial Goods Index gained 10.10 percent.
The NGX Banking Index appreciated 5.68 percent.
The NGX Lotus II Index led sectoral performance with an 11.92 percent gain.
The only notable laggard was the NGX Growth Index, which declined sharply by 15.06 percent, while the NGX Sovereign Bond Index closed flat.
Year-to-date, the NGX All-Share Index is up 25.30 percent, underscoring strong investor confidence in Nigerian equities in 2026.
Market Breadth and Price Movements
Market breadth remained positive but moderated compared to the previous week.
71 equities appreciated in price, down from 79 in the prior week.
41 equities declined, higher than 27 recorded previously.
36 equities remained unchanged.
Top Price Gainers
Among the top gainers were:
Zichis Agro Allied Industries Plc (+60.74%)
Japaul Gold & Ventures Plc (+60.16%)
Infinity Trust Mortgage Bank Plc (+59.09%)
Jaiz Bank Plc (+32.53%)
Presco Plc (+21.86%)
Top Price Decliners
Major decliners included:
RT Briscoe Plc (-20.78%)
Mecure Industries Plc (-18.99%)
Tripple Gee and Company Plc (-18.80%)
Sovereign Trust Insurance Plc (-17.14%)
Ellah Lakes Plc (-14.67%)
Dangote Cement Commercial Paper Listing
In the fixed income space, Dangote Cement Plc listed two commercial paper series under its ₦500 billion issuance programme on the NGX.
Series 1 (181-day tenor) was issued at 92.0149 percent of par with an implied yield of 17.50 percent and matures May 20, 2026.
Series 2 (265-day tenor) was issued at 87.8779 percent of par with an implied yield of 19.00 percent and matures August 12, 2026.
The listing strengthens short-term corporate debt market participation and reflects sustained institutional interest in high-grade issuers.
Investors King Note
The strong weekly rally, rising transaction value, and broad sectoral gains indicate sustained liquidity flow into Nigerian equities. With year-to-date returns above 25 percent, investor positioning suggests continued confidence in banking, oil and gas, and industrial counters.
Market direction in the coming week will likely depend on institutional flows, corporate disclosures, and macroeconomic developments, particularly interest rate expectations and foreign exchange stability.
Investors will continue to monitor sector rotation trends and fixed income yields for short-term positioning opportunities.
