February 16, (THEWILL) — The Nigerian equities market opened the week on a strongly bullish note, recording a sharp rally across key performance indicators as renewed investor demand pushed prices higher across major sectors.
The market capitalisation advanced from ₦117.027 trillion at the opening of the session to ₦122.129 trillion at the close, reflecting significant value accretion. Similarly, the All-Share Index (ASI) rose from 182,313.08 to 190,262.44, indicating sustained buying momentum and improved investor sentiment on the floor of the Nigerian Exchange Limited.
Market breadth closed firmly positive, with 57 gainers against 27 losers, underscoring broad-based participation and a strong bullish undertone throughout the trading session.
The top gainers include:
ABCTRANS added 10.00 percent (₦7.50 to ₦8.25).
BETAGLAS 10.00 percent (climbing from ₦412.00 to ₦453.20).
IKEJAHOTEL advanced by 10.00 percent (from ₦38.00 to ₦41.80).
MCNICHOLS appreciated by 10.00 percent (opened at ₦7.70 to ₦8.47).
OANDO moved up by 10.00 percent (started the day at ₦40.00 and closed at ₦44.00).
On the other side:
RTBRISCOE -9.99 percent (from ₦17.42 to ₦15.68).
DEAPCAP dropped by -9.91 percent (₦8.48 to ₦7.64).
CAVERTON -9.62 percent (declined from ₦7.80 to ₦7.05).
GUINEAINS dipped -9.27 percent (from ₦1.51 to ₦1.37).
TANTALIZER -8.11 percent (opened at ₦5.55 and closed at ₦5.10).
Unchanged stocks include Seplat Energy, Okomu Oil Palm, Julius Berger, DN Tyre and Rubber, and Golden Guinea Brewery.
The strong upward movement recorded during the session reflects sustained liquidity inflows and renewed positioning by investors, particularly in mid-cap and industrial stocks. The sharp expansion in market capitalisation also suggests increasing confidence in equities as an attractive asset class amid prevailing macroeconomic conditions.
Market sentiment remains positive in the near term, although intermittent profit-taking could emerge following the significant gains recorded during the session.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
