NGX MARKET CAP HITS N127TRN AS INVESTORS GAIN N924BN IN A WEEK

Stocks close the week on a strong note as investors rake in massive gains on the Nigerian bourse.

Nigeria’s stock market ended the week on a positive note as the All-Share Index of the Nigerian Exchange Group (NGX) rose by 0.73%, pushing market capitalisation to N127.361 trillion.

The benchmark index climbed to 198,407.30 points, up from 196,968.15 recorded the previous week. The rally translated into N924 billion in fresh gains for investors, reinforcing positive sentiment on the local bourse.

Several key sectoral indices also posted gains. The NGX Main Board advanced by 1.99%, while the NGX 30 rose 0.80%. The Consumer Goods index gained 0.63%, Oil and Gas increased by 1.50%, and Industrial Goods surged 5.73%. Meanwhile, Sovereign Bond and Pension Broad indices edged up by 0.02% and 0.58%, respectively.

Despite the gains, overall trading activity slowed slightly. Investors exchanged 3.321 billion shares valued at N164.845 billion in 318,907 deals, compared with 3.695 billion shares worth N177.687 billion in 370,980 deals recorded the previous week.

The Financial Services Industry dominated trading, accounting for 65.61% of total equity volume with 2.179 billion shares valued at N59.809 billion in 124,992 deals. The Oil and Gas sector followed with 207.69 million shares worth N27.606 billion, while the Consumer Goods sector ranked third with 189.63 million shares valued at N11.852 billion.

Market activity was largely driven by trades in Access Holdings Plc, Fortis Global Insurance Plc, and First Holdco Plc, which jointly accounted for 677.31 million shares worth N14.56 billion in 17,346 deals, representing 20.39% of total trading volume.

On the gainers’ chart, Premier Paints Plc, Conoil Plc, BUA Cement Plc, Fidson Healthcare Plc, and Omatek Ventures Plc recorded the highest price appreciation during the week.

However, some equities recorded losses, including SCOA Nigeria Plc, Fortis Global Insurance Plc, Sovereign Trust Insurance Plc, Aluminium Extrusion Industries Plc, and LivingTrust Mortgage Bank Plc.

In a separate development, the NGX notified trading licence holders of a rights issue by Linkage Assurance Plc, offering 12.3 billion ordinary shares of 50 kobo each at N1.32 per share. The offer allows shareholders to purchase two new shares for every three held as of Jan. 22, 2026, with trading opening earlier in the week.