Market Pushes Higher as Blue Chips Spark Optimism

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

February 3, 2026/United Capital Report

Equities Market Summary

Today, the Nigerian Exchange Market closed on a positive note due to share price appreciation in ZENITHBANK (+2.38%) and DANGCEM (+1.42%). As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 0.31% to settle at 165,901.57 points.

Year to date returns settled at 6.61%, while market capitalization rose by 0.31% to close at N106.49tn ($76.60bn). Activity level in the market was mixed with the total value of stocks traded rising by 33.98% to settle at N24.66bn. Meanwhile, the volume of stocks traded fell by 3.45% to close at 736.44mn units.

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