- As ASI Gains by 1.92% w/w to Fresh Record Highs
BY BONNY AMADI
Following a remarkably bullish 2025 where the benchmark index gained 8.43 per cent in December and delivered a full-year return of 51.19 per cent, the NGX equities market reinforced that momentum in the new trading year.
The bourse opened 2026 on a strong footing, reflecting early position taking by investors targeting fundamentally sound stocks with solid earnings prospects and long-term value appeal.
In the first trading week of 2026, the market posted a robust 1.92 per cent week-on-week gain, with the NGX All-Share Index surging to a new all-time high of 156,492.36 points. The rally underscores renewed investor confidence and broad-based optimism, as market participants made decisive bets on equities amid improving sentiment.
Market capitalisation followed suit, rising 2.09% week on week to N99.94 trillion, supported by the listing of additional shares by Chapel Hill Den- ham’s Nigerian Real Estate Investment Trust alongside strong price appreciation across several counters.
In absolute terms, this translated into equity investors gaining over N2.05 trillion in value. Consequently, the year-to-date return of the index now stands at 0.57%, with market breadth firmly positive as 72 gainers outweighed just 23 losers.
Trading activity was notably upbeat, driven by heightened participation across all four trading sessions during the week. This was clearly reflected in a strong market breadth reading of 3.13x, pointing to widespread accumulation and a clearly bullish undertone.
Total deals jumped by 87.5% week on week to 150,517 transactions, while trading volume and value surged by 171.2% and 110.2% respectively to 7.79 billion units valued at N134.26 billion. The flow of funds into equities highlighted deliberate and strategic positioning rather than speculative trading.
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