The Nigerian equities market delivered an outstanding performance in February 2026, advancing 16.60% to close at a record 192,826.8 points and firmly crossing the 190,000 milestone.
The rally was fueled not just by price gains but also by strong trading in the month, with total volume surging past 21 billion shares, above January’s 15 billion.
Meanwhile, the market’s value climbed further, with capitalisation rising to N123.7 trillion as of the last trading day of the month, up from N106.1 trillion recorded at the close of January 2026.
With this performance, the market extended its winning streak to three consecutive positive months since November 2025, when it recorded a 6.88% decline.
This represents the strongest monthly advance since January 2024’s remarkable 35.28% surge, fueled by impressive performances across several listed stocks that lifted the index to its new high.
Here are the top 10 performers.
Red Star Express ranked 10th in February, delivering a 53.61% return as its share price advanced from N20.80 to N31.95, with more than 24 million shares exchanged during the month.
- After opening the first week down 17.6%, renewed buying pressure in the second week reversed losses and pushed the stock into strong positive territory.
- The decisive breakout came in the third week when it crossed N30 for the first time, eventually settling above N31.
Investor sentiment was likely supported by unaudited results for the period ended 31 December 2025, showing pretax profit rising to N1.02 billion from N570.2 million, while revenue climbed 11.36% to N17.3 billion.
Year-to-date, the stock is up more than 267% as of 3 March 2026.
