NGX Index Climbs 16.60% to 192,826.8 Points in February 2026
The Nigerian Exchange (NGX) Index surged 16.60% in February 2026, closing at 192,826.8 points and nearing the 200,000 milestone. This marks the strongest monthly performance since January 2024's 35.28% rally and the third consecutive month of gains since November 2025's dip. The All-Share Index closed the first three trading weeks positively, peaking at 194,000 before a 1.11% decline to 192,826.8. February's gains were driven by the Oil & Gas sector (33.63% gain), Industrial Goods (22.20%), and Banking (16.67%), with heavyweight stocks like Aradel and Seplat leading the Oil & Gas rally. Mid-cap stocks in Consumer Goods (6.51%) and tier-two banks (Jaiz Bank 57.88%) also contributed. The market is currently overbought, with potential for retracement. Will you adjust investment strategies or monitor for entry points?