Nigerian stock market gains N4.08 trillion in February
Nigeria’s stock market recorded a strong performance in the first trading week of February, gaining an estimated N4.08 trillion in market capitalisation. The rally reflects renewed investor confidence driven by positive sentiment around corporate earnings, macroeconomic adjustments, and sustained interest in large-cap stocks.
Data from the Nigerian Exchange showed that the market opened the week on a positive note and maintained upward momentum across most trading sessions. Key sectors such as banking, telecommunications, and consumer goods led the gains, supported by increased buying pressure from both domestic and foreign investors. Analysts noted that expectations of improved company results and attractive valuations encouraged fresh inflows into equities.
The All-Share Index also moved upward during the week, mirroring the growth in market value. Market watchers said the performance signals a gradual recovery in investor confidence after periods of volatility, with many participants positioning ahead of full-year earnings releases and dividend announcements. Improved liquidity and bargain hunting in fundamentally strong stocks further supported the surge.
Despite lingering concerns over inflation, interest rates, and exchange rate pressures, the positive run suggests that investors are focusing more on long-term value and growth prospects. Financial experts say continued policy clarity and economic stability will be critical to sustaining the momentum recorded at the start of the month.
The N4.08 trillion gain has been widely welcomed by market participants, who see it as a sign of resilience in Nigeria’s capital market. Analysts, however, caution that sustained growth will depend on consistent reforms, corporate performance, and broader economic conditions in the coming weeks.
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