…The Naira appreciated by 0.36% to closed at ₦1,526.09
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The domestic equities market opened the new trading week and the month on a bearish note, as the NGXASI dipped 41bps, closing at 139,722.19 points compared to 140,295.49 points in the previous session. Sell pressure across key sectors dragged the market lower, extending the negative sentiment.
The market decline was largely attributed to sell-offs in major stocks including OANDO, WAPCO, HONYFLOUR, UBA, ZENITHBANK, FIDELITYBK, ACCESSCORP, and FBNH, alongside losses in 24 other counters that dragged overall performance.
Consequently, the Year-to-Date (YTD) return settled at 35.75%. While, the overall market capitalization declined by 0.19% to ₦88.41 trillion, as investors wealth dipped by ₦362.77 billion.
All five sectoral indices closed in the red, reflecting a broad-based bearish sentiment across the market. The Banking index recorded the steepest loss, shedding 1.12%, followed by Industrial Goods (0.85%), Oil & Gas (-0.45%), Insurance (-0.05%), and Consumer Goods (-0.03%). The downturn was fueled by heavy sell pressure in key counters such as UBA, ZENITHBANK, FIDELITYBK, ACCESSCORP, WAPCO, CUTIX, ETERNA, OANDO, VERITASKAP, AIICO, and HONYFLOUR, among others.
MARKET ACTIVITY: Trading activity was mixed as volume traded declined by 6.245% to 407.98 million units while the value traded appreciated by 42.21% to ₦14.78 billion.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio decreased to 0.47x from 0.58x as 15 stocks appreciated,32 stocks depreciated and 78 stocks closed flat.
FIXED INCOME MARKET: Average yield in the Treasury bills market trended bullish, easing to 18.94%, while the bond market traded flat with the average yield unchanged at 16.94%.
CURRENCY MARKET: The Naira appreciated by 0.36% to closed at ₦1,526.09
