NGX Market Gains N804bn, Hits 26% YTD Return

Nigerian equities surged N804bn Monday, lifting market cap to N125.968 trillion and All-Share Index to 196,263.56 (+1,273.79 points). Year-to-date returns now stand at 26.12%. Key gainers included Okomu Oil (+10% to N1,605.60) and Fortis Global Insurance (+10% to 66k). Trading volume jumped 57% to 1.3 billion shares worth N31.5 billion. However, NGX issued investor warnings about unusual volatility in some stocks, urging decisions based on fundamentals. Japaul Gold led in trading volume (473.98 million shares), while Aradel topped value (N4.14 billion). This follows a N684bn gain last week and N1.8tn cumulative investor wealth increase this year.

SOURCE: https://dailypost.ng/2026/02/24/nigerian-stock-market-gains-n804bn-as-ngx-warns-investors/