- As Pension Fund Reform Drives 6.16% Weekly growth
The NGX Exchange equity investors’ gain in the week ended February 13, 2026 ballooned to N6.8 trillion, as the Pension Fund Reform opened a new investment window for value driven investors.
The NGX market capitalization closed the week with an increase by 6.16% to N117.03 trillion from N110.23 trillion in the prior week, representing a value gain of approximately N6.79 trillion.
Remarkably, the NGX Equities market closed the week firmly in positive territory, extending its rally as investor sentiment strengthened amid heightened trading activity.
The NGX All-Share Index (ASI) advanced by 6.16 per cent week-on-week to settle at 182,313.08 points, reflecting sustained market confidence.
The uptrend was largely supported by the recent upward review of pension fund equity investment limits by the National Pension Commission, which allows Pension Fund Administrators (PFAs) to allocate a higher proportion of assets to equities across sectors.
In tandem with the benchmark’s performance, market capitalisation increased by 6.16% to N117.03 trillion from N110.23 trillion in the prior week, representing a value gain of approximately N6.79 trillion.
Consequently, the year-to-date return strengthened to 17.76%, underscoring the market’s sustained bullish momentum.
Market breadth remained ro- bust at 2.93x, with 79 advancers outpacing 27 decliners, indicating broad-based buying interest. Trading activity was equally strong, as total deals, traded volume, and traded value rose by 19.35%, 20.50%, and 50.04% week-on-week, respectively. By week’s end, investors exchanged 4.65 billion shares valued at N193.53 billion across 287,158 deals, highlighting increased market participation and liquidity.
Sectoral performance was predominantly positive, in line with the broader market trend. The Oil and Gas index led gains, rising 11.40%, followed by the Commodities index (+8.42%) and the Industrial Goods index (+7.09%). The Banking and Consumer Goods indices also appreciated by 5.84% and 2.95%, respectively, while the Insurance index posted a modest gain of 0.65%.
On the stock-specific front, ZICHIS led the gainers’ chart with a 60.7% increase, followed by UNIONDICON (+60.2%), DAAR- COMM (+55.3%), FTGINSURE (+50.0%), and JOHNHOLT (+45.2%), largely driven by strong accumulation interest.
Conversely, ABBEYBDS (-26.4%), SOVRENINS (-17.2%), ETI (-13.3%), SKYAVN (-11.6%), and AUSTINLAZ (-11.1%) record- ed the steepest losses, reflecting sustained profit-taking and selling pressure in these counters. In the near term, it is expected that the equities market will likely retain its positive momentum, sup- ported by improved liquidity following the upward review of pension fund equity allocation limits by the National Pension Commission. Increased capacity for Pension Fund Administrators to channel funds into equities should continue to underpin demand.
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