Bullish Days on the NGX: Investors Rejoice as the Market Reaches New Peaks!
The Nigerian Exchange (NGX) is currently witnessing a massive wave of optimism, with the total value of all listed stocks crossing #122 trillion marking history
The Nigerian Exchange (NGX) is currently witnessing a massive wave of optimism, with the total value of all listed stocks known as market capitalisation, crossing the historic ₦122 trillion mark this February. This surge marks one of the strongest starts to a year in recent history, driven by a "perfect storm" of positive economic news and high investor confidence.
The Big Winners
Several major companies have seen their share prices skyrocket. Leading the pack are the "big four" that have captured everyone’s attention:
Conoil Plc: Shares jumped by 28%, showing a massive recovery in the energy sector.
Dangote Sugar: Gained 22%, as investors bet on the company's strong production capacity.
Fidelity Bank: Rose by 17%, part of a larger trend where investors are moving money into solid "Tier-1" and "Tier-2" banks.
Julius Berger: Saw a 15% increase, showing a boom in construction and industrial activity.
In a major shift, MTN Nigeria has officially reclaimed its title as the most valuable stock on the exchange. With its market value hitting roughly ₦16.4 trillion, it has overtaken other heavyweights like Airtel Africa and Dangote Cement. Investors are particularly excited about MTN's recent profit recovery and the government's approval of new telecom tariffs, which are expected to boost future earnings.
Why is the Market Rising?
Analysts point to three main reasons for this "bullish" (upward) trend:
Falling Inflation: For the 10th consecutive month, Nigeria’s annual inflation rate has slowed, reaching around 15.1% in early 2026. This is the lowest it has been in years, making stocks more attractive than keeping cash.
Stable Exchange Rate: The Naira has shown remarkable stability, recently strengthening to about ₦1,387 per Dollar. This makes it cheaper for companies to import materials and reduces "FX losses" that used to eat up their profits.
Investor Inflows: Both local and foreign investors are pouring money back into the market. With the All-Share Index shattering the 190,000-point barrier, many believe this is the best time to buy before prices rise even further.
What This Means for You
The current market growth suggests that the Nigerian economy is stabilising. For the everyday investor, the focus has shifted from "surviving" to "growing wealth." While the market is currently in a "green zone," experts advise keeping an eye on the Central Bank's next moves regarding interest rates.
