The Nigerian equity market sustained its bullish trend during its mid-week trading, regardless of the release of inflation data for October as inflation increased by 61 basis points to 27.33%. The NGX All-Share Index (NGXASI) secured a 25-basis points gain, closing at 71,014.34 points, up from the prior session’s close of 70,840.72 points.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The day’s positive performance was primarily driven by the upward movement in mid to high cap stocks, such as OANDO (10.00%), MTN Nigeria (0.21%), Guaranty Trust Holding Company (1.93%), BUA Cement (1.96%), Access Corporation (0.29%), MECURE (9.92%), NASCON (3.64%) and 34 other stocks.
As a result, the year-to-date return experienced a surge, reaching 38.56%, accompanied by a 0.29% increase in market capitalization, concluding at ₦39.05 trillion. This positive trend contributed to a noteworthy gain of ₦113.07 billion in investors’ wealth.
Market activity was mixed as value traded increased by 82.89% to reach ₦6.2 billion and volume traded reduced by 9.18% to reach 297.35 million units.
We anticipate equities sustain the bullish trend amid positive investors’ sentiment.
CURRENCY MARKET:
The Nigerian Naira appreciated by 3.67% against the US Dollar in the NAFEM Window, closing at a rate of N818.99/USD.
