The domestic bourse reverted to a bearish tone today, reflecting ongoing market volatility. The NGX All-Share Index shed 6 basis points by the close of the day, reaching 99,845.91 points compared to the previous session’s 99,908.89 points.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The market’s negative performance was primarily driven by profit taking in stocks such as ACCESSCORP (-0.86%), GTCO (-3.92%%), OANDO (-6.72%), UBA (-0.22%) and 15 others.
As a result, the year-to-date return settled at 33.53%. Consequently, the overall market capitalization experienced a 0.06% decline, reaching N56.45 trillion, as investors’ wealth declined by N35.48 billion.
Market activity for the day was negative as volume and value traded declined by 11.39% and 4.77% to 285.91 million units and N5.54 billion, respectively.
We expect bears to maintain hold on equities amidst fresh release of inflation data.
CURRENCY MARKET:
The Nigerian Naira depreciated by 7.58% against US Dollar in the NAFEM Window, closing at a rate of ₦1,154.08.
