Bears sustained the negative momentum in the domestic bourse as the day’s trading closed in the red region today. The NGX All-Share Index shed 32 basis points by the close of the day, reaching 104,181.32 points compared to the previous session’s 104,518.14 points.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The market’s negative performance was primarily driven by profit taking activities in Tier 1 banks such as Access Corporation (-4.20%), Guaranty Trust Holding Company (-1.23%), United Bank for Africa (-1.79%), Zenith Bank (-1.23%) and 28 additional stocks.
As a result, the year-to-date return decreased to 39.33%. Consequently, the overall market capitalization experienced a 0.32% decline, reaching N58.90 trillion, as investors lost N190.45 billion.
Market activity for the day was negative as volume and value traded declined by 25.75% and 39.04% to 405.03 million units and N8.91 billion, respectively.
We expect the equities market to trade mixed this week.
CURRENCY MARKET:
The Nigerian Naira appreciated by 1.23% against US Dollar in the NAFEM Window, closing at a rate of ₦1,262.85.
