The Nigerian Equity Market (NGX) kicked off the trading week with a strong start, reversing the losses from the previous week, driven by a rally in high-capitalized stocks. The benchmark NGX All-Share Index (NGXASI) surged by 145 basis points (bps), closing at 68,111.71 points, up from its previous session’s level of 67,136.58 points.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The gains in the market can be majorly attributed to price appreciation in Geregu Power (+4.08%), Dangote Cement (+5.77%), First Bank Nigeria Holdings (+4.04%), Dangote Sugar (+1.19%), Custodian (+1.43%), UBA (+4.47%), Zenith Bank (+0.60%) and 38 other stocks, which kept the All-Shares Index in a positive terrain.
As a result of the stocks’ performances, the year-to-date returns increased to 32.90%. The market capitalization advanced by 1.45% at the end of the day, settling at N37.42 trillion. This translated into a wealth gain of N535.74 billion for investors.
MARKET BREADTH:
The Market Breadth, which measures investor sentiment through the Gainers/Losers ratio increased to 2.81x from 1.39x as 45 stocks appreciated, 16 stocks depreciated and 57 stocks closed flat.
CURRENCY MARKET:
The Nigerian Naira depreciated by 25.81% against the US Dollar in the NAFEM Window, closing at a rate of N993.82USD.
