BY BONNY AMADI
Investors in the NGX equities market in the week for a period of one week ended 09th/01/2026 recorded N3.84 trillion growth to the value of their investments in the market.
This translates to an average of N0.768 billion earnings daily for the five trading sessions of the week.
Remarkably, the Nigerian equities market sustained market upbeat momentum in the second trading week of 2026, extending gains as investor sentiment improved markedly after several weeks of heightened profit-taking.
The NGX All-Share Index (ASI) closed the week at 162,298.08 points, representing a strong week on-week appreciation of 3.71%, underscoring renewed confidence among market participants.
This bullish performance translated into a 3.84% expansion in total market capitalization, which rose to N103.78 trillion from N99.94 trillion in the preceding week.
Consequently, the market added approximately N3.84 trillion in value, pushing the year-to-date return higher to 4.43%.
Market sentiment remained moderately positive, as reflected in a market breadth ratio of 3.82x, with 84 advancing stocks significantly outweighing 22 declining counters.
Trading activity showed mixed dynamics during the week: total deals surged by 64.29%, indicating heightened investor participation, while trading value and volume declined by 47.02% and 30.55%, respectively.
By week’s end, a total of 4.13 billion shares valued at N93.24 billion were exchanged across 162,298 deals, highlighting a market characterized by active but selective positioning.
Sectoral performance broadly mirrored the upbeat market mood. The Insurance sector emerged as the top performer, advancing by 6.82% week-on-week.
This was followed by gains in the Industrial Goods sector (+4.74%), Oil and Gas (+4.70%), and Commodities (+4.58%).
The Banking and Consumer Goods sectors also closed the week higher, posting gains of 3.07% and 2.76%, respectively.
Several equities recorded impressive rallies during the week. MULTIVERSE led the gainers’ chart.
On the downside, stocks such as ALEX (-19.7%), AUSTINLAZ (-11.6%), SOVRENINS (-11.3%), IKEJAHOTEL (-10.9%), and JULI (-9.9%) recorded the steepest losses, reflecting sustained selling pressure in those counters.
Looking ahead to the new week, the equities market is expected to remain cautiously positive, supported by improving investor sentiment and selective accumulation in fundamentally strong stocks.
While mild profit-taking may persist, market direction will largely depend on earnings releases, dividend expectations, and macroeconomic developments. Overall, trading is likely to be driven by value-focused positioning across key sectors.
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