Bulls rally as the Nigerian Equities Market sustained the previous day’s momentum to close today’s trading session on a positive note. The NGXASI recorded an uptick of 58 basis points from 103,498.28 points to 104,100.00 points.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The day’s positive performance was attributed to investors’ buying activities in major stocks like BUACEMENT (+5.87%), FIDELITYBK (+5.34%), BUAFOODS (+1.56%), GEREGU (+6.47%), HONYFLOUR (+7.50%) and 19 other stocks.
Consequently, the year-to-date return increased to 39.22%. Correspondingly, the overall market capitalization increased by 0.58% to ₦56.96 trillion, as investors fortune grew by ₦329.25 billion.
Market activity for the day was negative as volume and value traded declined by 33.35% and 42.89% to 248.49 million units and ₦6.91 billion, respectively.
We expect the equities market to trade mixed this week.
CURRENCY MARKET:
The Nigerian Naira appreciated by 0.34% against US Dollar in the NAFEM Window, closing at a rate of ₦1,498.25.
