Tag: market capitalization

Bulls rebound to close the week, market gained ₦3.24 trillion

…The Naira depreciated by 0.41% to close at ₦1361.40

The Nigerian equities market rebounded strongly from the previous session’s decline, as the benchmark NGX ASI advanced by 210bps to close at 244,775.83 points. The positive close was driven by renewed buying interest in bellwether stocks, particularly across the Industrial Goods and Banking sectors, as investors repositioned to strengthen portfolio holdings

The positive performance was buoyed by gains in DANGCEM, BUACEMENT, WAPCO, FIRSTHOLDCO, ETI, GTCO, CADBURY, NB, OANDO, ACCESSCORP, ZENITHBANK and 34 other advancing stocks.

As a result, the year-to-date return improved to 57.30%, while market capitalization appreciated by 2.10% to ₦157.09 trillion, leading to a ₦3.24 trillion addition to the local bourse.

Sectoral performance skewed largely positive as the Industrial Goods index surged 7.26%, driven by strong price appreciation in DANGCEM, BUACEMENT and WAPCO. The Banking index also advanced 3.35% on renewed buying interest in FIRSTHOLDCO, ETI, GTCO, FCMB, ACCESSCORP, ZENITHBANK, and FIDELITYBK. Meanwhile, the Consumer Goods and Oil/Gas indices gained 0.21% and 0.14% respectively, supported by rallies in CADBURY, NB and OANDO, despite mild declines in UACN, PZ and ETERNA. Conversely, the Insurance index dipped 0.37% as losses in DEAPCAP, WAPIC, VERITASKAP and ROYALEX outweighed gains recorded in SOVRENINS, PRESTIGE and AIICO.

MARKET ACTIVITY: Market activity was negative, with traded volume declining 41.73% to 1.07 billion units, while total value depreciated 23.74% to ₦55.04 billion.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, increased to 1.45x from 1.40x, as 45 stocks appreciated, 31 depreciated, and 57 closed flat.

FIXED INCOME MARKET: Average yield of the Treasury Bills market appreciated to close at 17.60%, while the Bonds market closed flat at 15.77%.

CURRENCY MARKET: The Naira depreciated by 0.41% to close at ₦1361.40

May 8, 2026
Bullish streak sustained, Investors gain ₦369.74 billion

The Nigerian equities market maintained its bullish streak in today’s session, as the All-Share Index advanced by 28 basis points to close at 203,161.81 points.

The market’s positive performance was supported by price appreciations in NGXGROUP, UBA, ZENITHBANK, HONYFLOUR, GTCO, WAPCO, ARADEL, FIRSTHOLDCO, alongside 22 other advancing stocks.

Consequently, the year-to-date return improved to 30.56%, while market capitalization advanced by 0.28% to ₦130.77 trillion, representing a ₦369.74 billion gain in investors’ wealth.

Sectoral performance closed positive, as all five tracked indices ended in the green. The Banking index advanced by 1.12%, driven by buying interest in UBA, ZENITHBANK, GTCO, and FIRSTHOLDCO. Similarly, the Insurance and Consumer Goods indices gained 0.67% and 0.44%, respectively, supported by price appreciations in INTENEGINS, GUINEAINS, REGALINS, UNIVINSURE, CORNERST, NESTLE, and HONYFLOUR. The Oil & Gas and Industrial Goods indices also rose by 0.43% and 0.18%, respectively, on the back of gains in ARADEL, ETERNA, CUTIX, andWAPCO.

MARKET ACTIVITY: Market activity was negative, as traded volume and value depreciated by 35.17% and1.84% to 652.86 million units and ₦39.82 billion.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, increased to 0.97x from 0.69x as 30 stocks appreciated, 31 stocks depreciated, and 72 stocks closed flat.

FIXED INCOME MARKET: The average yield of the Treasury Bills Market closed bullish at 17.43%, while the Bonds Market closed flat at 15.60%.

CURRENCY MARKET: The Naira appreciated by 0.91% to close at ₦1,359.32

April 10, 2026
Nigerian Stocks Rally as NGXASI Crosses 201,000 Points, Market Cap Hits ₦129.13 Trillion

The Nigerian Exchange (NGX) sustained its bullish momentum for the third consecutive week, closing in positive territory despite a shortened trading week due to the Eid-el-Fitr holidays on March 19 and 20.

The NGX All-Share Index (ASI) rose by 1.39% week-on-week to close at 201,156.86 points, while market capitalization increased by ₦1.77 trillion to ₦129.13 trillion. Year-to-date, the ASI has advanced 29.27%, underscoring strong investor confidence and resilience in market sentiment.

Sectoral performance was mixed, with two of five major indices posting gains. Industrial goods and banking stocks led the rally, with standout performances from BUA Cement Plc (+21.00%), Premier Paints Plc (+20.62%), Zenith Bank Plc (+14.64%), Guinness Nigeria Plc (+9.92%), and Ikeja Hotel Plc (+8.33%). Meanwhile, 43 equities declined, led by Presco Plc (-18.37%), Eterna Plc (-12.77%), and Red Star Express Plc (-9.98%), reflecting profit-taking in energy, consumer, and industrial sectors.

Market activity surged, with a total turnover of 8.761 billion shares worth ₦267.253 billion in 193,473 deals, compared to 3.321 billion shares valued at ₦164.845 billion in 318,907 deals the previous week. The ICT Industry dominated trading, accounting for 5.330 billion shares valued at ₦46.825 billion, representing 60.84% of total equity turnover volume. The Financial Services Industry followed with 2.765 billion shares worth ₦95.892 billion, while Consumer Goods recorded 174.484 million shares worth ₦20.805 billion.

Top traded equities included E-TRANZACT International Plc, FCMB Group Plc, and Wema Bank Plc, which together accounted for 6.084 billion shares worth ₦40.661 billion in 5,570 deals, contributing 69.44% of total turnover volume.

Overall, forty-eight equities appreciated in price, higher than thirty-four in the previous week. Forty-three equities declined, lower than sixty-one recorded last week, while fifty-seven remained unchanged, compared to fifty-three in the prior week.

The sustained rally highlights investor optimism and sectoral strength, positioning the Nigerian equities market for continued growth in 2026.

March 23, 2026
Nigerian Stocks Surge as NGX Closes Week on a High, Market Cap Hits ₦127.36 Trillion

The Nigerian Exchange (NGX) sustained its bullish momentum into the second week of March, closing the week firmly in the green. The NGX All-Share Index (ASI) advanced by 0.73% week-on-week to settle at 196,968.15 points, while market capitalization rose by ₦923.73 billion to ₦127.36 trillion. Year-to-date, the ASI has gained 27.50%, underscoring strong investor confidence across key sectors.

Trading activity was buoyed by robust performances in the industrial goods, oil & gas, and consumer goods sectors, with notable gains from CONOIL (+20.95%), BUACEMENT (+20.00%), FIDSON (+19.04%), NGXGROUP (+16.93%), and GUINNESS (+11.79%). Meanwhile, profit-taking weighed on SCOA (-34.06%), UACN (-11.49%), REDSTAREX (-10.64%), NASCON (-10.00%), and PRESCO (-10.00%).

Corporate developments also shaped market sentiment, as Linkage Assurance Plc announced a rights issue to raise capital in line with new regulatory requirements. The company will offer 12.32 billion ordinary shares of 50 kobo each at ₦1.32 per share, effective March 11, 2026.

Market turnover stood at 3.32 billion shares worth ₦164.85 billion in 318,907 deals, compared to 3.695 billion shares valued at ₦177.69 billion in 370,980 deals the previous week. The Financial Services Industry led activity with 2.18 billion shares worth ₦59.81 billion, contributing 65.61% and 36.28% to total equity turnover volume and value respectively. Oil & Gas followed with 207.69 million shares worth ₦27.61 billion, while Consumer Goods recorded 189.63 million shares worth ₦11.85 billion.

Top traded equities included ACCESS HOLDINGS PLC, FORTIS GLOBAL INSURANCE PLC, and FIRST HOLDCO PLC, which together accounted for 677.31 million shares worth ₦14.56 billion in 17,346 deals, representing 20.39% of total turnover volume.

Overall, thirty-four equities appreciated in price, sixty-one declined, and fifty-three remained unchanged, reflecting a dynamic trading environment as investors balanced optimism with selective profit-taking.

March 16, 2026
Equities End February in Red, Investors lost ₦475.62 Billion

...The Naira depreciated by 0.26% to close at ₦1,363.40

The Nigerian equities market wrapped up the final trading session of the week and month on a negative footing, as the NGX All-Share Index (NGX ASI) declined by 38 basis points to close at 192,826.77 points, marking the fourth consecutive session of losses. The downturn was primarily driven by pronounced sell-offs in Industrial Goods and Oil & Gas counters, which weighed materially on the market.

The bearish close was fuelled by declines in MECURE, DANGCEM, UACN, ARADEL, TRANSCORP, FIRSTHOLDCO, GTCO, alongside 18 other laggards.

Consequently, the year to date return moderated to 23.91%, as market capitalization declined by 0.38% to ₦123.76 trillion, representing a ₦475.62 billion loss of investors’ wealth.

Sectoral performance was positive, with three of the five tracked indices closing higher. The Insurance Index led the gainers, rising by 1.52%, driven by strong advances in SOVRENINS, GUINEAINS, FTGINSURE, UNIVINSURE, and MANSARD. The Banking Index followed, up by 0.79%, supported by gains in UBA, ZENITHBANK, FCMB, ACCESSCORP, and WEMABANK. The Consumer Goods Index also edged higher by 0.25%, lifted by price appreciation in CADBURY, PZ, DANGSUGAR, and BUAFOODS.

On the downside, the Industrial Goods Index fell by 2.58%, weighed down by losses DANGCEM, while selling pressure in ARADEL dragged down the Oil & Gas index by 0.26%.

MARKET ACTIVITY: Market activity was mixed as traded volume depreciated by 5.15% to 823.83 million units. While traded value appreciated by 10.37% to ₦34.75 billion.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, increased to 1.56x from 0.79x as 39 stocks appreciated, 25 stocks depreciated, and 67 stocks closed flat.

FIXED INCOME MARKET: The average yield of the Treasury Bill and Bond markets closed slightly bearish at 17.26% and 15.42%, respectively.

CURRENCY MARKET: The Naira depreciated by 0.26% to close at ₦1,363.40

February 27, 2026
Bulls maintain dominance, Investors gain ₦880.34 billion

…The Naira appreciated by 0.15% to close at ₦1,348.95

The domestic market ended today’s trading on a high, sustaining its bullish momentum for the eight consecutive session, as the benchmark NGX All-Share Index (ASI) advanced by 78 basis points to close at 178,184.35 points. The market closed high on the back of broadbased gains led by Banking and Insurance stocks.

The positive performance was propelled by bullish momentum such as NESTLE, GTCO, DANGSUGAR, UNILEVER, ZENITHBANK, UBA, NB, MTNN and 41 other gainers that contributed to the high closure.

As a result, the year-to-date return improved to 14.50%, while market capitalization appreciated by 0.78% to ₦114.38 trillion, translating to a ₦880.34 billion gain for investors.

Sectoral performance was majorly positive, with four of the five monitored indices closing high. The Banking index led the gainers, rising by 1.58%, due to sustained interest in GTCO, ZENITHBANK, UBA, FCMB and JAIZBANK. In same vain, the Insurance index added 1.53%, driven by FTGINSURE, NEM and VERITASKAP, while the Consumer Goods index added 1.28% on the back of gains in
TANTALIZER, UNIONDICON, PZ, DANGSUGAR, UNILEVER and NASCON.

Also, the Oil & Gas index edged higher by 0.02%, buoyed by JAPAULGOLD and OANDO. Meanwhile, the Industrial Goods (-0.02%) index was the sole loser, as a result of profit-taking in WAPCO and CUTIX.

MARKET ACTIVITY: Market activity was negative as traded volume and value depreciated by 27.92% and 32.51% to 939.15 million units and ₦34.03 billion, respectively.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, decreased to 1.58x from 3.00x as 49 stocks appreciated, 31 stocks depreciated, and 53 stocks closed flat.

SYSTEM LIQUIDITY: System liquidity increased to (₦3.55 trillion) from (₦1.45 trllion) in the previous session.

FIXED INCOME MARKET: The average yield of the Treasury Bill market closed bearish at 17.59%, while the Bond market closed flat at 15.99%.

CURRENCY MARKET: The Naira appreciated by 0.15% to close at ₦1,348.95

February 11, 2026
Bulls Still Charging, Investors gain ₦1.42 Trillion

…The Naira appreciated by 0.87% to close at ₦1,354.26

The Nigerian equities market rallied at the close of trading today to sustain its bullish momentum, as the benchmark All-Share Index (ASI) advanced by 129 basis points to close at 173,946.22 points. The market remained positive, driven by industrial goods and oil & gas stocks in undervalued positions attracting notable investor interest.

The bullish momentum was sustained by appreciations in MAYBAKER, CAP, DANGCEM, ARADEL, NB, NGXGROUP, WAPCO, UBA, ACCESSCORP, ZENITHBANK, FIRSTHOLDCO and 48 other gainers that contributed to the market performance.

As a result, the year-to-date return improved to 11.78%, while market capitalization appreciated by 1.29% to ₦111.66 trillion, translating to a ₦1.42 trillion gain for investors.

Sectoral performance was positive, with three of the five tracked indices closing high. The Industrial Goods index led the gainers, up 4.76%, due to increased interest in CAP, DANGCEM, BERGER and WAPCO. In tandem, the Oil & Gas index gained 1.29%, driven by renewed interest in ETERNA, ARADEL and OANDO, while the Consumer Goods index added 0.74% on the back of appreciations in HONYFLOUR, PZ, NB, INTBREW, and DANGSUGAR. Meanwhile, the Banking (-0.04%) and Insurance (-0.03%) indices lost grounds, weighed down by losses in ETI, JAIZBANK, FIDELITYBK, WEMABANK, GTCO, AIICO, PRESTIGE, SOVRENINS and VERITASKAP, respectively.

MARKET ACTIVITY: Market activity was negative as traded volume and value depreciated by 18.72% and 35.21% to 775.18 million units and ₦27.92 billion, respectively.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, decreased to 2.27x from 3.16x as 59 stocks appreciated, 26 stocks depreciated, and 48 stocks closed flat.

FIXED INCOME MARKET: The average yield of the Treasury Bill market closed bearish at 17.61%, while the Bond market closed flat at 16.13%.

CURRENCY MARKET: The Naira appreciated by 0.87% to close at ₦1,354.26

February 9, 2026
Bulls surge higher, Investors gain ₦332.49 billion

…The Naira appreciated by 1.25% to close at ₦1,372.91

The Local Bourse closed bullish for the second consecutive session this month, with the benchmark NGX All-Share Index (ASI) advancing by 31 basis points to close at 165,901.57 points. The positive market performance reflected renewed buying interest in stocks considered to be undervalued and fundamentally sound.

The bullish sentiment was influenced by appreciations in ZICHIS, NGXGROUP, FIRSTHOLDCO, ZENITHBANK, PRESCO, DANGCEM, ACCESSCORP, GTCO and 27 other gainers.

As a result, the year-to-date return improved to 6.61%, while market capitalization appreciated by 0.31% to ₦106.49 trillion, translating to a ₦332.49 billion gain for investors.

Sectoral performance remained negative, as three of the five tracked indices ended the session in the red, while two recorded gains. The Insurance index posted the steepest decline, shedding 1.32%, pressured by continued sell pressure in SUNUASSUR, MBENEFIT, LASACO and PRESTIGE.

Similarly, the Consumer Goods, and Oil & Gas indices closed 0.23% and 0.17% lower, weighed down by losses in INTBREW, NNFM, ETERNA, JAPAULGOLD and OANDO, repectively. In contrast, the Banking and Industrial Goods indices edged up by 1.32% and 0.69%, supported by price appreciation in FIRSTHOLDCO, WEMABANK, ZENITHBANK, ACCESSCORP, GTCO, DANGCEM and TRIPPLEG, respectively.

MARKET ACTIVITY: Market activity was mixed as traded volume depreciated by 3.45% to 736.44 million units, while traded value appreciated by 33.98% to ₦24.66 billion.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, increased to 1.03x from 0.66x as 35 stocks appreciated, 34 stocks depreciated, and 63 stocks closed flat.

FIXED INCOME MARKET: The average yield of the Treasury Bill market closed slightly bearish at 18.31%, while the Bond market closed bullish 16.31%.

OFFICIAL WINDOW: The Naira appreciated by 1.25% to close at ₦1,372.91

February 3, 2026
Equities open marginally bullish, Investors gain ₦9.12 billion

…The Naira depreciated by 0.27% to close at ₦1,386.55

The Nigerian equities market opened the month of February on a quiet note, with the NGX All-Share Index (ASI) recording a marginal increase of 1bp to close at 165,384.63 points. Trading activity was subdued as investors adopted a cautious start to the month.

The market closed slightly bullish due to gains in JBERGER,STANBIC, ARADEL, FCMB, ZENITHBANK and 24 other gainers.

As a result, the year-to-date return moderated to 6.28%, while market capitalization appreciated by 0.01% to ₦106.16 trillion, translating to a ₦9.12 billion gain for inv estors.

Sectoral performance closed largely negative, as four of the five tracked indices ended the session in the red, with only one recording gains. The Insurance index posted the steepest decline, shedding 1.99%, pressured by continued selloffs in MANSARD, GUINEAINS, REGALINS, WAPIC, and AIICO.

Similarly, the Banking, Consumer Goods, and Industrial indices closed lower, weighed down by losses in FIRSTHOLDCO, ETI, FIDELITYBK, ACCESSCORP, GTCO, CHAMPION, HONYFLOUR, CADBURY, INTBREW, CAVERTON, and BETAGLAS. In contrast, the Oil and Gas index edged up by 2.00%, supported by price appreciation in ARADEL.

MARKET ACTIVITY: Market activity was positive as traded volume and traded value appreciated by 10.96% and 22.86% to 762.75 million units and ₦18.41 billion.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, decreased to 0.66x from 1.05x as 29 stocks appreciated, 44 stocks depreciated, and 56 stocks closed flat.

FIXED INCOME MARKET: The average yield of both the Treasury Bill and Bond market closed bullish at 18.32% and 16.29%.

OFFICIAL WINDOW: The Naira depreciated by 0.27% to close at ₦1,390.36

February 2, 2026
Bears dominate, Investors lost ₦351.75 billion

…The Naira appreciated by 0.05% to close at ₦1,400.48

The local bourse weakened at the end of today’s trading session, as the benchmark NGX All-Share Index (ASI) shed 33 basis points to close at 165,164.38 points. The negative performance reflected profit-taking activities as the market reversed earlier gains in bellwether stocks.

The bearish close was fuelled by declines in MAYBAKER, IKEJAHOTEL, NEM, FIDELITYBK, FIRSTHOLDCO, MTNN, OANDO, UBA and 30 other losers that pulled the market down.

As a result, the year-to-date return moderated to 6.14%, while market capitalization depreciated by 0.33% to ₦105.74 trillion, translating to a ₦351.75 billion loss in investors’ wealth.

Sectoral performance was broadly negative, with four of the five tracked indices closing in the red. The Insurance index led the losers, shedding 1.32% on price declines in INTENEGINS, NEM, SOVRENINS REGALINS and CORNERST. It was followed by Consumer Goods (-0.49%) and Banking (-0.44%) indices, weighed
down by profit-taking in HONYFLOUR, INTBREW, CHAMPION, FIDELITYBK, JAIZBANK, FIRSTHOLDCO, and UBA, respectively. The Oil & Gas index also declined by 0.04% due to sell pressure in JAPAULGOLD and OANDO.
Meanwhile, the Industrial Goods index closed flat.

MARKET ACTIVITY: Market activity remained mixed as traded volume appreciated by 29.00% to 623.18 million units. Meanwhile, traded value depreciated by 4.82% to ₦16.54 billion.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, decreased to 0.84x from 1.27x as 32 stocks appreciated, 38 stocks depreciated, and 60 stocks closed flat.

FIXED INCOME MARKET: The average yield of the Treasury Bill and Bond markets closed bearish at 18.41% and 16.71%.

OFFICIAL WINDOW: The Naira appreciated by 0.05% to close at ₦1,400.48

January 28, 2026
Equities close in negative territory, Investors lost ₦557.11 billion

…The Naira depreciated by 0.10% to close at ₦1,422.07

The local bourse recorded modest losses, and closed today’s trading session weaker as the benchmark NGX All-Share Index (ASI) shed 52 basis points to close at 165,397.37 points. The decline reflected broad-based profit-taking activities across major sectors in the market.

The market lost earlier gains as sentiments softened in NEM, WAPCO, NASCON, ETERNA, ACCESSCORP, NB, ZENITHBANK, TRANSCORP, OANDO, DANGSUGAR, UBA and 28 other laggards.

As a result, the year-to-date return moderated to 6.29%, while market capitalization declined by 0.52% to ₦105.89 trillion, translating to a ₦557.11 billion loss in investors’ wealth.

Sectoral performance closed broadly negative, as all five tracked indices ended the session in the red. The Insurance Index recorded the steepest loss, declining by 1.35%, pressured by INTENEGINS, NEM, and LINKASSURE. The Consumer Goods Index also edged lower by 1.31%, due to depreciations in INTBREW, NASCON, NB and DANGSUGAR. In similar fashion, the Banking Index recorded 0.95% loss, amid sustained profit-taking in ACCESSCORP, ZENITHBANK and UBA. While the Industrial Goods and Oil & Gas indices weakened by 0.71% and 0.15%, respectively, as losses in WAPCO, CUTIX, ETERNA and OANDO weighed on overall sectoral performance.

MARKET ACTIVITY: Market activity was also negative, as traded volume and value depreciated by 6.62% and 15.01% to 768.26 million units and ₦21.19 billion.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, decreased to 0.95x from 2.25x as 37 stocks appreciated, 39 stocks depreciated, and 55 stocks closed flat.

FIXED INCOME MARKET: The average yield of the Treasury Bill market closed bullish at 18.55%, while the Bond market closed flat at 16.75%.

OFFICIAL WINDOW: The Naira depreciated by 0.10% to close at ₦1,422.07

January 22, 2026
Bulls reinforce momentum, Investors gained ₦598.41 billion

EQUITIES MARKET:

The Nigerian equities market maintained its upward trajectory, extending the ongoing rally as bullish sentiment continued to dominate trading activity. The benchmark NGX All-Share Index advanced by 56 basis points to close at 166,771.95 points, reflecting a market fuelled by firm investor confidence.

The market strenghtened further due to gains in SEPLAT, MBENEFIT, CHAMPION, ARADEL, TRANSCORP, ZENITHBANK, VITAFOAM, FIRSTHOLDCO, DANGSUGAR, NGXGROUP and 37 other top-performing stocks.

As a result, the year-to-date return improved to 7.17%, while market capitalization rose by 0.56% to ₦106.78 trillion, translating to a ₦598.41 billion increase in investor wealth.

Sectoral performance was majorly positive, with four of the five tracked indices closing high. The Oil & Gas index led the gainers, up 6.26%, due to sustained interest in SEPLAT, ARADEL and JAPAULGOLD. In tandem, the Insurance index gained 0.78%, driven by MBENEFIT and AIICO, while the Banking index added 0.05% on the back of appreciations in JAIZBANK, ZENITHBANK and FIRSTHOLDCO. Also, the Industrial Goods index edged higher by 0.01%, buoyed gains in CAVERTON and CWG. Meanwhile, the Consumer Goods (-0.2%) Index was the sole laggard, weighed down by losses in PZ, NASCON, HONYFLOUR and INTBREW.

MARKET ACTIVITY: Market activity was negative, as traded volume and value depreciated by 32.64% and 11.03% to 761.94 million units and ₦29.85 billion, respectively.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, decreased to 2.45x from 4.15x as 47 stocks appreciated, 28 stocks depreciated, and 56 stocks closed flat.

FIXED INCOME MARKET: The average yield of the Treasury Bill market closed bullish at 18.34%, while the Bond market closed slightly bearish at 16.80%.

OFFICIAL WINDOW: The Naira depreciated by 0.03% to close at ₦1,420.04

January 14, 2026
Investors gained 284.46 billion, the Naira depreciated by 0.09% to closed at ₦1,536.42

The equities market kicked off the new trading week and the final week of August on a bullish note, as the NGX All-Share Index (NGXASI) advanced by 31bps to close at 141,439.77 points. Sustained buying interest in bellwether stocks extended the positive momentum from Friday’s rebound.

Strong buying interest in JBERGER, OANDO, INTBREW, GTCO, and ACCESSCORP, together with gains from 34 other stocks, helped push the market higher.

Market capitalization appreciated by 0.31% to ₦89.49 trillion, adding about ₦284.46 billion to investors’ wealth. As a result, the Year-to-Date (YTD) return appreciated to 37.42%.

Sectoral performance leaned positive, with four indices closing higher and only one finishing in the red. The Insurance (+3.81%) and Banking (+1.12%) indices spearheaded the rally, fueled by strong

demand for VERITASKAP, REGALINS, UNIVINSURE, AIICO, LINKASSURE, MBENEFIT, SUNUASSUR, GTCO, and ACCESSCORP.

Reflecting the overall bullish sentiment, the Consumer Goods (+0.29%) and Industrial Goods (+0.02%) indices also posted modest gains on the back of advances in INTBREW, JBERGER, and CUTIX. Conversely, the Oil/Gas index closed as the lone decliner, slipping 0.08%.

MARKET ACTIVITY: Trading activity was negative as total volume and value depreciated by 54.63% and 75.63% to 591.25 billion units and ₦11.66 billion respectively.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio depreciated to close at 2.29x up from 3.85x as 39 stocks appreciated, 17 stocks depreciated and 72 stocks closed flat.

FIXED INCOME MARKET: The Treasury bills and Bonds markets closed on a bearish note, with average yields rising to 18.43% and 16.51%, respectively.

CURRENCY MARKET: The Naira depreciated by 0.09% to closed at ₦1,536.42

August 26, 2025
Bears continue trend, Investors lost ₦269.61 billion

…The Naira appreciated by 1.81% to ₦1,600.44

The bearish momentum extended for a second consecutive session as the NGX All-Share Index shed 43 basis points to close at 108,261.47 points. The decline was driven by continued profit-taking in large-cap stocks, signaling cautious sentiment among investors after the recent rally

The market’s persistent bearish trend was fueled by losses in bellwether stocks including MTNN, FIDELITYBK, DANGSUGAR, ZENITHBANK, and GTCO, alongside 34 other declining equities.

As a result, the Year-to-Date (YTD) return moderated to 5.18%, while market capitalization dipped by 0.43% to ₦68.04 trillion, reflecting a ₦269.61 billion drop in investor wealth.

Sectoral performance was broadly positive, with three out of the five sectors under our coverage closing in the green. The Oil & Gas, Insurance, and Industrial Goods sectors gained 0.39%, 0.29%, and 0.12% respectively, buoyed by price increases in OANDO, CORNERST, CONHALLPLC, MANSARD, BETAGLAS, and CUTIX.

On the flip side, the Consumer Goods and Banking sectors closed negative, pressured by losses in HONYFLOUR, NB, FIDELITYBK, ZENITHBANK, and GTCO.

MARKET ACTIVITY: Market activity traded negative as traded volume and value declined by 9.72% and 4.01% to 414.57 million units and ₦10.72 billion.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio stood at 1.50x as 39 stocks appreciated, 26 stocks depreciated and 65 stocks closed flat.

FIXED INCOME MARKET: Average yields on Treasury Bills and bonds closed flat at 20.70% and 18.64% respectively.

CURRENCY MARKET: The Naira appreciated by 1.81% to ₦1,600.44

May 13, 2025
Bulls Kick Off May, Investors gained ₦151.92 billion

…the Naira depreciated by 0.34% to close at ₦1,602.18

The market reversed its losing streak to close bullish, gaining 23 bps to settle at 106,042.57 points. Renewed interest in select large-cap stocks drove the rebound.

Renewed interest in key stocks such as INTBREW (+8.40%), NB (+6.98%), FCMB (+3.24%), FIDELITYBK (+2.01%), and MTNN (+2%), along with gains in 24 additional equities, sustained the market’s bullish momentum.

Consequently, the Year-to-Date (YTD) return moderated to 3.03%, while market capitalization increased by 0.23% to ₦66.65 trillion, marking a gain of ₦151.92 billion in investor wealth.

Sectoral performance was largely negative, with three out of five sectors ending in the red. The Insurance (-3.50%), Banking (-1.49%), and Oil & Gas (-0.17%) sectors recorded notable declines, driven by sell-offs in CONHALLPLC, MANSARD, WAPIC, ACCESSCORP, ZENITHBANK, UBA, and OANDO. In contrast, the Consumer Goods and Industrial sectors posted gains of 2.03% and 0.08%, respectively, supported by price increases in INTBREW, NB, HONYFLOUR, CAVERTON, and CUTIX.

MARKET ACTIVITY: Market activity improved, as traded volume rose by 45.89% to 573.33 million units, while the total value of trades increased by 19.59% to ₦15.25 billion.

MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio stood at 0.73x as 29 stocks appreciated, 40 stocks depreciated and 62 stocks closed flat.

FIXED INCOME MARKET: Average yields on Treasury Bills closed bearish at 20.64% while Bonds marketclosed flat at 18.61% .

CURRENCY MARKET: The Naira depreciated by 0.34% to close at ₦1,602.18

May 3, 2025