Bulls held sway as The Nigerian Equities Market halts negative outing to close the second trading session of the week in the green region, amidst improved turnover. The benchmark NGXASI gained 43bps to close at 71,250.17 points from 70,946.83 points in the previous session.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The day’s positive performance was primarily driven by buying activities in high capitalized stocks such as UBA (0.24%), UACN (4.92%), GTCO (0.77%), First Bank Nigeria Holdings (9.86%), Zenith Bank (0.4%), Access Corporation (6.32%) and 34 other stocks which kept the All-Share-Index in the positive terrain.
Consequently, the year-to-date returns surged to 39.02%, while the overall market capitalization increased by 43 basis points as investors fortune grew by N165.99 billion.
Market activity for the day was positive as value and volume traded increased by 56.53% and 20.93% to reach N11.11 trillion, and 433.57 million units, respectively.
We expect mixed sentiments to prevail this week.
CURRENCY MARKET:
The Nigerian Naira appreciated by 3.71% against the US Dollar in the NAFEM Window, closing at a rate of N806.73/USD.
