Bears rebound as the Nigerian Equities Market opened the week’s trading in the red region as the day’s session saw the benchmark NGX All-Share Index (NGXASI) decline by 73 basis points, closing at 103,659.81 points from 104,421.23 points in the previous session.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The day’s negative performance was attributed to investors profit taking activities in major stocks like FBNH (-0.76%), GTCO (-2.53%), MTNN (-5.52%), ACCESSCORP (-3.70%), TRANSCORP (-4.22%) and 23 other stocks.
Consequently, the year-to-date return decreased to 38.63%. In the same vein, the overall market capitalization declined by 0.76% to ₦56.72 trillion, as investors lost ₦436.97 billion.
Market activity for the day was negative as volume and value traded decreased by 10.81% and 17.67% to close at 841.55 billion units and ₦19.33 billion.
We expect the equities market to trade mixed this week.
CURRENCY MARKET:
The Nigerian Naira appreciated by 1.09% against US Dollar in the NAFEM Window, closing at a rate of ₦1419.86.
