Bourse buoyed by sustained interest, market gained ₦ 1.64 trillion

…The Naira depreciated by 0.11% to close at ₦1,370.64

https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1

EQUITIES MARKET:
The domestic equities market extended its recovery for a second consecutive session as the All-Share Index (ASI) advanced by 1.06% to close at 240,743.19 points. The rally was sustained by buying interest in key sectors, reflecting increased demand for fundamentally sound counters. The positive sentiment suggests a gradual return of bargain hunters following the market’s recent pullback, providing further support to the ongoing rebound.

The increased buying interests in bellwethers such as AIRTELAFRI, GTCO, ACCESSCORP, FIRSTHOLDCO, WAPCO, ZENITHBANK, alongside 26 other gainers helped improve the overall market performance.

Consequently, the market’s year-to-date (YTD) return advanced to 54.71%. While ELLAHLAKES’ debt-equity listing meant that the market capitalization expanded by 1.07% to ₦154.48 trillion, adding ₦1.64 trillion to the bourse.

Sectoral performance was largely positive, with four of the five tracked indices closing higher. The Insurance sector emerged as the top-performing index, advancing 2.84%, driven by strong gains in GUINEAINS (+10.00%), INTENEGINS (9.89%) CORNERST (+9.76%), and SOVRENINS (+8.63%). The Consumer Goods sector gained 0.18%, supported by price appreciation in MCNICHOLS (9.40%) and INTBREW (+7.41%) despite losses in DANGSUGAR (3.72%), NB (-2.63%).

The Banking sector edged 0.18% higher, buoyed by gains in GTCO (+1.49%), ACCESSCORP (+0.88%), FIRSTHOLDCO (+0.83%), and ZENITHBANK (+0.08%). The Industrial Goods sector posted a modest 0.07% gain, underpinned by WAPCO (+0.44%). Conversely, the Oil & Gas sector declined 0.09%, pressured by losses in OANDO (-2.07%), despite the absence of significant gains among the sector’s major constituents.

MARKET ACTIVITY: Market activity was positive as total traded volume and value increased by 14.13% and 6.07% to 543.05 million units and ₦38.71 billion, respectively.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, increased to 1.39x from 0.49x as 32 stocks appreciated, 23 stocks depreciated, and 75 stocks closed flat.

FIXED INCOME MARKET: The average yield of the Treasury Bill market closed bullish at 18.13%, while the bond market closed flat at 16.92%

The Naira depreciated by 0.11% to close at ₦1,370.64