Investors on the Nigerian Exchange Limited (NGX) engaged in a significant trading activity last week, with a total of 3.86 billion shares valued at N128.6 billion being traded in 240,463 deals.

This represents a substantial increase compared to the previous week, where 3.087 billion shares worth N81.505 billion were exchanged in 222,185 deals.

The financial services sector emerged as the leading sector in terms of trading volume, with 2.1 billion shares valued at N50.5 billion being traded in 94,005 deals. This accounted for a significant portion of the total trading volume, comprising 56.6 per cent of the overall activity.

The services sector followed closely behind, with 466.7 million shares valued at N4.4 billion being traded in 18,526 deals. The ICT sector also contributed to the trading activity, with 377.8 million shares valued at N9.049 billion being traded in 25,653 deals.

In terms of price movements, Chams Holding Company Plc, Access Holdings Plc and Universal Insurance Plc stood out as top performers by volume. These companies accounted for a substantial portion of the total trading volume, with 664.9 million shares valued at N6.801 billion being traded in 15,161 deals. This represented a significant contribution to the overall trading activity, accounting for 17.2 per cent of the total volume.

Also, there was a notable change in the trading of bonds. 449,548 units of bonds, valued at N476.4 million, were traded in 58 deals. This represents a significant increase compared to the previous week, where 91,005 units of bonds were exchanged in N90.6 million during 91 deals.

The NGX All-Share Index and market capitalisation experienced a positive change, rising by 3.84 per cent to close at 171,727.49 points and N110.235 trillion, respectively.

While all other indices showed positive gains, the NGX Insurance Index experienced a decline of 2.33 per cent. In terms of equity performance, a total of 71 equities appreciated, up from 44 last week. Conversely, 35 equities declined, down from 49, while 42 equities remained unchanged, compared to 55 previously.

In a major listing development, the FGN Roads Sukuk Company 1 Plc’s N300 billion 7-year 19.75 per cent Ijarah Sukuk due 2032 was listed on NGX on February 2, 2026, opening new investment avenues for market participants.

In the foreign exchange (FX) markets, turnover for the week ended February 6, 2026, fell by 56.7 per cent to $2.884 billion from $6.671 billion the previous week.

According to data from FMDQ Securities Exchange, the decline was largely driven by a 56.8 per cent drop in FX Spot transactions, partially offset by a 140 per cent increase in FX derivatives trading, led by FX Forward.