Investment experts at Bancorp Securities Limited, one of the leading investment research and consulting services providers in Nigeria, have projected that this week, the nation’s equities market is expected to trade on a selective basis as investors digest ongoing earnings releases and position ahead of anticipated dividend declarations.
The analysts, in the firm’s “Weekly Stock Recommendation 9th February 2026 – 13th February 2026” circulated to our correspondent on Monday, noted that the recent rally had lifted prices across several large-cap names, increasing the likelihood of intermittent profit-taking as valuations are reassessed.
On the equities market outlook this week, they predicted that there would be sector rotation, as investors are expected to favour stocks delivering earnings in line with expectations.
The experts maintained that at the same time, accumulation would likely persist in fundamentally strong, dividend-yielding equities during the trading sessions in the local bourse this week.
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They recalled that last week, the equities market strongly rebounded, reversing the prior week’s losses as renewed buying interest in large-cap stocks lifted overall sentiment.
According to them, in the week under review the NGX All-Share Index advanced by 3.84% week on-week to close at 171,727.49 points, pushing the year-to-date return higher to 10.36% from 6.27%.
Similarly, trading activity improved alongside the bullish tone, with total volume rising to 3.83 billion shares from 2.92 billion shares, while transaction value increased to N128.64 billion from N80.68 billion recorded in the prior week.
The firm’s analysts noted that the improved breadth and higher turnover reflected stronger investor participation, driven largely by accumulation in oil & gas and other large-cap stocks.
Meanwhile, Nigeria’s macroeconomic conditions continued to improve, with private-sector activity remaining in expansion across industry, services, and agriculture, reinforcing growth momentum in early 2026.
Available data on the performnce shwed that a modest recovery in private-sector credit, alongside strong crude oil earnings and stable external trade flows, had supported system liquidity and foreign-exchange conditions.
However, the experts cautioned that the elevated government borrowing remained a key risk to the sustainability of the recovery, adding that overall, the macro backdrop is improving, though progress remains uneven and highly policy-dependent.
