The trading week came to a close in the domestic stock market with a positive tone, propelled by optimistic market sentiment among investors. Consequently, the benchmark index, NGX All Share Index, witnessed a rise of 0.18%, concluding at 65,325.37 points, in contrast to the previous session’s 65,204.82 points.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1This optimistic performance was largely attributed to an uptick in investor demand for prominent stocks such as MTN (+1.05%), Dangote Sugar (+1.85%), SFSREIT (+9.96%), Ecobank Transnational Incorporated (+1.94%), TRANSCORP (+8.36%), and 24 other stocks.
Consequently, the year-to-date return advanced to 27.46%, contributing to an 18 basis points rise in the Market Capitalization, which settled at N35.57 trillion. This increase translated to a growth in investors’ wealth by N88.73 billion.
Market activity was positive as volume and value traded increased by 35.57% and 45.60% to settle at 489.69 million units and N8.36 billion, respectively.
The Market Breadth, which measures investor sentiment through the Gainers/Losers ratio, decreased to 1.16x from 1.35x, as 29 stocks appreciated, 25 stocks depreciated and 64 stocks closed flat.
We expect equities to kick off the coming week on a positive note, as investors continue to seek market opportunities.
Currency Market
The Nigerian Naira appreciated by 5.21% against the US Dollar in the I&E Window, closing at a rate of N740.60/USD.
