FCMB Records ₦35.8bn Share Turnover as NGX Gains 0.58% on Customs Street
The Nigerian Exchange (NGX) closed higher on Wednesday, February 18, 2026, with the benchmark All-Share Index (ASI) rebounding 0.58% to settle at 190,427.96 points, buoyed by renewed buying interest and strong participation across key segments of the market.
This uptick marked a sharp recovery from the prior session’s dip, signaling that bullish sentiment continues to dominate trading activity on Customs Street, Nigeria’s financial trading hub.
Activity levels surged dramatically, with 3.6 billion shares exchanged across 68,693 deals, compared with 1.19 billion shares in the previous session, highlighting increased investor appetite and liquidity in the market.
Most notably, FCMB Group Plc dominated the trading floor, accounting for 80% of total volume as 2.9 billion of its shares worth ₦35.8 billion changed hands. This massive turnover not only reinforced FCMB’s position as the most actively traded stock of the day but also helped support overall market capitalization, which now stands around ₦122.2 trillion.
Beyond FCMB’s standout performance, several sectors contributed to the positive mood. The banking index rebounded strongly, while mid-cap and large-cap stocks showed broad-based gains.
Insurers like AXA Mansard and industrial players like Beta Glass and Sky Aviation Handling Company hit daily price limits, reflecting robust demand from investors seeking diversified exposure.
Despite some pressure in other segments where a number of counters closed lower the overall market breadth was constructive, with more advancing stocks than decliners. The improved performance highlights growing confidence among traders and market watchers that momentum can be sustained as Nigeria’s corporate earnings season unfolds and economic indicators evolve.
For investors and analysts alike, the rebound on Customs Street underscores the resilience of Nigeria’s equities market and the continued centrality of financial stocks particularly FCMB in driving daily trading narratives
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