Monday kicked off like Christmas came early for Nigerian investors, ₦1.424 trillion richer in just one trading session! The Nigerian Exchange (NGX) delivered a stunning 1.29% surge as the All-Share Index climbed 2,218.73 points to close at 173,946.22 points, pushing market capitalization to a whopping ₦111.659 trillion.
This wasn't just a fluke, it's part of a bullish trend with year-to-date returns now standing at an impressive 11.78%. The market showed serious breadth too, with 59 stocks advancing versus only 26 declining, signaling strong and broad-based investor confidence across sectors.
Industrial goods led the charge with a massive 4.76% gain, while energy stocks added 1.29% and consumer goods climbed 0.74%. Star performers included May & Baker, CAP, and DAAR Communications, each jumping 10% in a single day. The dividend-hunting season is clearly in full swing, with investors positioning themselves for juicy payouts from profitable companies.
What's driving this bull run? Nigeria's improving macroeconomic fundamentals, stable naira, declining inflation, and rising foreign reserves, are finally translating into investor optimism. Access Holdings remained the most actively traded stock with 67.1 million units changing hands worth ₦1.6 billion, while Zenith Bank saw 46.2 million shares traded for ₦3.4 billion.
Despite the massive gains, trading activity showed some moderation with volume and value down 18.73% and 35.27% respectively, though the number of deals surged 29.32%, suggesting quality over quantity. For Nigerian savers tired of watching inflation eat their deposits, the equity market is screaming: "There's real wealth creation happening here!"
Key Takeaways:
Nigerian investors gained ₦1.424 trillion in market capitalization in a single trading day (Monday, February 9, 2026).
The All-Share Index jumped 1.29% to 173,946.22 points, with year-to-date returns now at 11.78%.
Industrial goods sector led with 4.76% gain; 59 stocks advanced versus 26 decliners showing broad market strength.
Dividend-paying stocks attracted heavy investor interest as blue chips like Access Holdings and Zenith Bank dominated trading.
Market capitalization now stands at ₦111.659 trillion, reflecting growing confidence in Nigeria's economic reforms.