The Nigerian Exchange (NGX) concluded the trading week on a positive note, recording significant gains as investor sentiment remained bullish. The market's benchmark indicators showed robust growth, driven by heightened activity in key sectors.
Market Indices Show Strong Weekly Performance
The NGX All-Share Index (ASI) appreciated by 1.92% over the course of the week, closing at 156,492.36 points. Similarly, the total Market Capitalisation saw a more substantial increase of 2.09%, settling at N99.938 trillion. This upward movement reflects a week of aggressive trading and investor confidence.
Trading activity surged dramatically compared to the previous week. Investors exchanged a total of 7.821 billion shares valued at N134.471 billion across 150,799 deals. This represents a significant jump from the prior week's figures of 2.876 billion shares worth N63.832 billion in 80,229 deals.
Sectoral Analysis and Top Traded Equities
The Financial Services Industry dominated market activity, accounting for the lion's share of transactions. The sector recorded 5.992 billion shares valued at N67.024 billion traded in 55,598 deals. This constituted 76.61% of the total trading volume and 49.84% of the total value for the week.
The ICT sector followed as a distant second, with 946.959 million shares worth N8.028 billion changing hands in 15,443 deals. The Consumer Goods Industry recorded 258.820 million shares valued at N9.381 billion in 24,133 deals.
Three stocks led the volume chart, collectively responsible for a majority of the trades. Cornerstone Insurance Plc, Chams Holding Company Plc, and Access Holdings Plc accounted for 5.317 billion shares valued at N37.361 billion in 10,441 deals. This represented 67.97% of the total volume and 27.78% of the total value traded.
Weekly Gainers and Decliners
Market breadth was positive, with a total of 73 equities recording price gains during the week. The top performers were led by Austin Laz & Company Plc, which saw its share price soar by 45.94%, closing at N4.67 from N3.20. Aluminium Extrusion Industries Plc and Eunisell Interlinked Plc followed closely with gains of 45.57% and 43.26%, respectively.
Other notable gainers included:
- Associated Bus Company Plc: +37.92%
- Honeywell Flour Mill Plc: +29.58%
- Fidson Healthcare Plc: +25.28%
On the flip side, a number of stocks faced selling pressure. E Tranzact International Plc led the decliners' table, shedding 9.92% of its value to close at N11.35. First Holdco Plc and LivingTrust Mortgage Bank Plc also declined by 7.92% and 7.61%, respectively.
The market's strong performance this week, ending on January 11, 2026, underscores a period of renewed investor interest, particularly in financial and technology stocks. The substantial increase in trading volume and value indicates significant capital inflow and a bullish outlook among market participants as the new year progresses.
