#MarketRecap || 📈 NGX Hits All-Time High as Bulls Drive Broad-Based Gains — Market Recap for February 4, 2026

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📈 NGX Hits All-Time High as Bulls Drive Broad-Based Gains — Market Recap for February 4, 2026

The Nigerian Exchange (NGX) closed on a strong positive note today, with bullish sentiment propelling the All Share Index (ASI) to a new all-time high. Investors responded positively to gains across multiple sectors, reinforcing confidence in the equities market.

🔹 NGX All Share Index Performance

The NGX All Share Index surged by +1.28%, settling at 168,030.18 points — marking its highest level ever. This milestone reflects sustained investor interest and optimism in the Nigerian capital market.

🔹 Market Breadth: Gainers Outpace Losers

Market breadth was positive, with 53 stocks advancing against 26 decliners, indicating broad-based strength across the board.

🟢 Top Gainers

  • DAARCOMM (+10.00%)
  • BERGER (+10.00%)
  • FTGINSURE (+10.00%)
  • RTBRISCOE (+10.00%)
  • FIRSTHOLDCO (+9.92%)

🔻 Top Losers

  • REDSTAREX (−9.97%)
  • DEAPCAP (−9.97%)
  • UHOMREIT (−9.95%)
  • MCNICHOLS (−9.93%)
  • ETRANZACT (−9.89%)

🔹 Market Activity: Volume and Value

Trading activity dipped slightly, with total volume down −5.62% to 694.76 million units, while market value stood at ₦20.54 billion.

🏆 Most Actively Traded Stock

CHAMS (+4.12%) led the volume chart, trading 57.44 million units worth ₦256.31 million.

🔹 Sector-Wide Momentum

The rally was driven by gains across several sectors, including financial services, industrials, and insurance. This reflects renewed investor confidence and strategic repositioning ahead of earnings season and corporate actions.

🔹 Investor Outlook

With the NGX reaching a historic high, market participants are watching for further catalysts such as dividend announcements, audited financials, and macroeconomic indicators. The positive breadth and volume suggest continued momentum, though profit-taking may emerge in the near term.

📌 Conclusion

Today’s performance underscores the resilience of the Nigerian equities market and the growing appetite for value-driven opportunities. Investors are advised to stay informed and monitor corporate disclosures for actionable insights.

⚠️ Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always consult a licensed financial advisor before making investment decisions.


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