Bears resurface in the Nigerian Exchange as the market closed in the red, opening the week’s trading in the negative zone. The NGX All-Share Index lost 49 basis points by the close of the day, reaching 104,136.35 points compared to the previous session’s 104,647.37 points.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The market’s negative performance was driven by investors’ profit taking activities in major stocks such as Dangote Sugar (-10.00%) Access Corporation (-1.67%), FBNH (-2.07%), GTCO (-0.92%), Zenith Bank (-1.13%) and 25 additional stocks.
As a result, the year-to-date return decreased to 39.27%. Similarly, the overall market capitalization experienced a 0.49% downtick, reaching N58.88 trillion, as investors lost N288.93 billion.
Market activity for the day was negative as volume and value traded decreased by 39.27% and 20.04% to 306.82 million units and N11.38 billion, respectively.
We expect the equities market to trade mixed this week.
CURRENCY MARKET:
The Nigerian Naira appreciated by 3.11% against US Dollar in the NAFEM Window, closing at a rate of ₦1,408.04.
