…the Naira appreciated by 0.37% to ₦1,531.19
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The local bourse sustained its positive momentum at the start of the trading week, as the NGX All-Share Index advanced by 66bps to close at 105,511.39 points. The market’s uptrend was largely driven by renewed investor confidence in banking stocks, extending its recovery from last week’s losses.
Renewed investor interest in key stocks like FCMB (+5.56%), ZENITHBANK (+5.04%), UBA (+2.72%), FIDELITYBK (+1.96%), ACCESSCORP (+1.81%), and 20 others fueled the market’s uptrend.
Consequently, the Year-to-Date (YTD) return appreciated to 2.55%, while market capitalization rose by 0.66% to ₦65.18 trillion, adding ₦434.32 billion to investors’ wealth. Sectoral performance was mainly positive, with three of the five tracked indices closing higher and two declining. The Banking index (+3.78%) led the gains, driven by FCMB (+5.56%), ZENITHBANK (+5.04%), UBA (+2.72%), FIDELITYBK (+1.96%), and ACCESSCORP (+1.81%). The Oil & Gas (+0.039%) and Consumer Goods (+0.07%) indices also advanced, supported by price upticks in OANDO (+3.92%), HONYFLOUR (+6.67%), and NB (+0.75%).
On the flip side, the Insurance (-1.49%) and Industrial (-0.01%) indices weakened due to losses in NEM (-9.63%), MANSARD (-4.96%), CONHALLPLC (-2.94%), CORNERST (-2.62%), AIICO (-2.60%), CWG (-6.67%), and CUTIX (-4.96%).
MARKET ACTIVITY:
Market activity was positive as traded volume and value appreciated by 41.86% and 67.58% to 440.52 million units and ₦10.47 billion.
MARKET BREADTH:
The market breadth, which measures investor sentiment through the Gainers/Losers ratio, decreased to 1.14x from 1.38x as 25 stocks appreciated, 22 stocks depreciated, and 81 stocks closed flat.
FIXED INCOME MARKET:
The fixed-income market traded mixed. The average Treasury bill yield settled at 19.18%, while bond yields closed flat at 18.50%.
CURRENCY MARKET
The Naira appreciated by 0.37% to close at ₦1,531.19.
