The Nigerian equities market began the week on a downward trend, with bearish sentiment outweighing bullish activity. The All-Share Index (NGXASI) dropped by 53 basis points to close at 97,708.74 points. Profit-taking actions and the ongoing FGN Bond auction were cited as factors influencing investor decisions.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The market’s negative performance was driven by investors’ profit taking activities in major stocks amongst which were; SEPLAT (-10.00%), TRANSCORP (-4.37%), UBA (-2.28%), NB (-2.13%) ACCESSCORP (-0.57%) FIDELITY (-0.5%) and 18 others.
As a result the year-to-date return settled at 30.67%. Similarly, the overall market capitalization declined 0.53% to close at N55.26 trillion as investor’s wealth decreased by N296.82 billion.
Market activity for the day was positive as volume and value traded increased by 27.51% and 51.25% to 439.10 million units and N11.38 billion, respectively.
We anticipate the equities market to trade mixed this week amidst interest in the FGN Bond auction.
CURRENCY MARKET:
The Nigerian Naira depreciated by 0.80% against US Dollar in the NAFEM Window, closing at a rate of ₦1,478.11.
