The bears staged a tepid comeback at the domestic bourse, as the NGXASI dipped by 4bps to 108,568.50 points. Mild selling pressure reversed the previous session’s gains, with investors adopting a cautious stance on select stocks.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The market’s negative performance was primarily driven by profit-taking in key stocks such as NB (-2.86%), ARADEL (-2.72%), FIDELITYBK (-2.63%), ACCESSCORP (-2.18%), OANDO (0.72%), GTCO (-0.72%), and 25 others.
Consequently, the Year-to-Date (YTD) return settled at 5.48%, while market capitalization depreciated by 0.04% to N67.66 trillion. deducting N25.55 billion from investor wealth. Sectoral performance was majorly positive, with three out of five sectors under 01-•r coverage closing in the green. The Consumer Goods Index led the gainers, advancing by 0.69% on renewed interest in DANGSUGAR (+2.70%), NASCON (+3.06%), BUAFOODS (+1.83%), and HONYFLOUR (+0.75%).
The Insurance and Industrial indices also posted gains of 0.53% and 0.01%, respectively, driven by price upticks in SOVRENINS (+9.57%) and INTENEGINS (+6.79%). CONHALLPLC (+2.13%), AllCO (+1.74%), and BETAGLAS (+4.88%). Conversely, the Oil & Gas and Banking indices declined by 1 .03% and 0.68%, weighed down by profit-taking in ARADEL (-2.72%), OANDO and the FUGAZ banks.
MARKET ACTIVITY:
Market activity was mixed as volume traded appreciated by 22.56% to 421.26 million units while the traded value declined by 2.40% to N8.42 billion.
MARKET BREADTH:
The market breadth, which measures investor sentiment through the Gainers/Losers ratio increased to 1.33x from 0.89x as 32 stocks appreciated, 24 stocks depreciated and 71 stocks closed flat.
System liquidity increased to N2.70 trillion on Thursday, up from 1.99 trillion on Wednesday.
FIXED INCOME MARKET:
The Treasury bills and bond markets traded bullish today, with average yields closing at 20.24% and 19.37%, respectively.
CURRENCY MARKET
The Naira appreciated by 1.03% to close at N1,494.03.
