The Nigerian Equity Market ended the trading week on a negative note, as the NGX All-Share-Index (ASI) declined by 10 basis points (bps), closing at 65,198.08 points, in contrast to the previous session’s gain of 155 bps when it closed at 65,263.06 points.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The day’s negative performance was driven by investors taking profits in prominent stocks, including Eterna Oil (-9.83%), Access Corporation (-2.01%), MTN (1.07%), United Bank for Africa (1.05%), PZ (0.83%), and 23 other stocks.
As a result, the Year to Date (YTD) return decreased to 27.21%. Additionally, the market capitalization experienced a slight decline of 10%, closing at N35.48 trillion, which led to a reduction in investors’ wealth by N35.36 billion.
Market activity for the day showed mixed results, with the volume of traded shares declining by 18.45% to 363.15 million units. However, the value of traded shares increased by 19.39% to N6.07 billion.
The Market Breadth, which measures investor sentiment through the Gainers/Losers ratio, decreased to 1.00x from 5.10x in the previous session. This shift was due to 28 stocks appreciating, 28 stocks depreciating, and 60 stocks closing flat.
We anticipate a rebound in the coming week.
Currency Market
The Nigerian Naira appreciated by 4.31% against the US Dollar in the I&E Window, closing at a rate of N743.07/USD.
