…The Naira depreciated by 0.2% to close at ₦1,383.63
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The Domestic market opened the trading week in negative territory, extending its run of declines to four consecutive sessions, as the benchmark NGX All-Share Index (ASI) shed 157 basis points to settle at 228,401.92 points. The bearish sentiment was fueled by losses in MTNN, and the Banking heavyweights amid increased portfolio rebalancing activities by investors
The market came under sell-pressure from MTNN, UNILEVER, DANGSUGAR, WAPCO, FUGAZ BANKS which combined with losses in 41 other counters to drag the broader exchange lower.
Consequently, the market’s year-to-date (YTD) return compressed to 46.78% as market capitalization contracted by 1.57% to settle at ₦146.56 trillion, erasing ₦2.34 trillion from total equity value.
Sectoral performance was broadly negative, with all five tracked indices closing in the red.
The Insurance Index took the hardest hit, plunging 1.33% as liquidations continued in tickers such as UNIVINSURE, WAPIC, VERITASKAP, PRESTIGE, and REGALINS. The Banking Index followed closely with a 1.22% contraction due to continued profit-taking in ABBEYBANK, WEMABANK, FCMB, FIRSTHOLDCO, ZENITHBANK, UBA, JAIZBANK, GTCO and ACCESSCORP.
Also, the Consumer Goods Index dipped 0.63% on portfolio trimming in UNILEVER, CADBURY, and DANGSUGAR. Meanwhile, the Industrial Goods Index shed 0.39% amid sell-offs in MTNN, OMATEK, and WAPCO. While the Oil & Gas Index recorded the mildest decline, edging down 0.06% on marginal losses in OANDO and JAPAULGOLD.
MARKET ACTIVITY: Market activity was positive as total traded volume appreciated by 156.37% to 996.47 million units, while traded value dropped by 137.27% to settle at ₦43.73 billion.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, declined to 0.26x from 0.35x as 12 stocks appreciated, 47 stocks depreciated, and 72 stocks closed flat.
FIXED INCOME MARKET: Mixed sentiments hit the fixed-income space as the average Treasury Bill yield declined to 18.47%, while the Bond yield advanced to 17.48%.
The Naira weakened further by 0.2% to close at ₦1,383.63/$.
