Positive Breadth Supports Continued Market Upside

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

February 4, 2026/United Capital Report

Equities Market Summary

Today, the Nigerian Exchange Market closed on a positive note due to share price appreciation in FIRSTHOLDCO (+9.92%) and WAPCO (+5.10%). As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 1.28% to settle at 168,030.18 points.

Year-to-date returns rose to 7.98%, while market capitalization rose by 1.28% to close at N107.86tn($78.56bn). Activity level in the market was negative with the total value of stocks traded and the volume of stocks traded falling by 16.61% and 5.66% to close at N20.57bn and 684.79mn units respectively.

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