In a display of profit-taking sentiment prevailing among investors, the local stock market concluded the day’s trading session in a bearish tone. Consequently, the benchmark NGXASI experienced a downturn of 199 basis points, settling at 60,715.04 points compared to its previous level of 61,949.24 points observed on Monday.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The prevailing market sentiment for the day was shaped by investors’ inclination to sell, leading to a downward pressure on 33 stocks listed on the exchange. Among these, prominent stocks like BUACEMENT (-9.86%), MTN (-1.80%), ZENITHBANK (-3.83%), GTCO (-3.84%), ACCESSCORP (-6.03%), and DANGSUGAR (-2.91%) witnessed a dip in their market prices, contributing to the overall depreciation trend.
As a result, the Year to Date (YTD) return settled at 18.47%. However, the market capitalization experienced a decrease of 1.99%, amounting to N33,059.81, which in turn led to a decline in investors’ wealth by N672.03 billion.
Market activity for the day declined as volume and value traded decreased by 8.14% and 13.04% to 1.11 billion units and N12.21 billion, respectively.
The market breadth witnessed a notable decline, shifting from 4.79x to 0.77x. Among the listed stocks, 33 demonstrated upward movement, while 43 experienced a decline, and 50 remained unchanged at the closing bell.
In the upcoming session, we expect the continuation of sell pressure exerted on equities.
Currency Market
The Nigerian Naira depreciated by 3.63% against the US Dollar in the I&E Window, closing at N768.44/USD.
