The domestic stock market, yesterday closed in the red as losses in Geregu Power Plc and 19 others dragged the All-Share Index lower by 0.10 percent. The All Share Index (ASI) decreased by 46.32 absolute points, representing a dip of 0.10 percent to close at 44,236.70 points. Similarly, the market capitalisation lost N25 billion to close at N24.095 trillion.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Geregu Power, Unilever Nigeria, Nigerian Breweries, Multiverse Mining, and Exploration, and Fidson Healthcare.
On market outlook, GTI Securities Limited said, “we expect mixed sentiments to continue during the week, as pre-election risks amplify.”As measured by market breadth, market sentiment was negative as 20 stocks lost relative to 12 gainers. UACN Property Development Company (UPDC) recorded the highest price gain of 9.09 percent to close at N12.45, per share. Trans-Nationwide Express followed with a gain of 8.82 percent to close at 74 kobo, while Champion Breweries rose 7.81 percent to close at N3.45, per share.
Japaul Gold & Ventures went up by 7.69 percent to close at 28 kobo, while Cutix appreciated by 4.88 percent to close at N2.15, per share. On the other hand, Prestige Assurance led the losers’ chart by 9.80 percent to close at 46 kobo, per share, per share. Caverton Offshore Support Group followed with a decline of 9.38 percent each to close at 87 kobo, while SUNU Assurance lost 8.57 percent to close at 32 kobo, per share.
Unilever Nigeria lost 8.29 percent to close at N9.95, while Multiverse Mining and Exploration shed 8.23 percent to close at N4.24, per share.
The total volume traded increased by 38.5 percent to 215.154 million units, valued at N1.906 billion, and exchanged in 3,389 deals. Transactions in the shares of Access Holdings topped the activity chart with 112.334 million shares valued at N892.561 million. Transnational Corporation of Nigeria (Transcorp) followed with 16.068 million shares worth N16.713 million, while Sterling Bank traded 12.257 million shares valued at N16.641 million.
Fidelity Bank traded 9.291 million shares valued at N38.190 million, while Zenith Bank transacted 7.191 million shares worth N142.829 million.
