Market Review for the week ended 2nd January, 2026

Following the Federal Government’s declaration of Thursday, January 1, 2026, as a public holiday to mark the New Year celebration, the Nigerian Exchange (NGX) All-Share Index (ASI) opened the year on a bullish note, advancing by 1.92% week-on-week to close at 156,492.36 points, up from 153,539.83 points in the prior week. This performance ensured a positive year-to-date (YTD) return of 0.57%. Similarly, market capitalisation closed higher,rising by 2.09% to ₦99.938 trillion, compared with ₦97.890 trillion recorded in the previous week.

Trading activity on the Nigerian Exchange (NGX) strengthened markedly during the week, with total turnover reaching 7.821 billion shares valued at ₦134.471 billion, executed across 150,799 deals. This reflects a 171.94% week-on-week surge in volume, a 110.66% increase in value, and an 87.96% rise in deal count, compared with 2.876 billion shares valued at ₦63.832 billion traded across 80,229 deals in the preceding week.

Sectoral performance was broadly positive across tracked indices. The NGX Insurance Index led gains, advancing 5.93%, followed by the NGX Banking Index (+2.96%), Consumer Goods Index (+3.44%), Oil and Gas Index (+1.16%), and Industrial Goods Index (+0.82%).

Seventy-three (73) equities appreciated during the week, compared with Forty-four (44) gainers recorded in the previous week. AUSTINLAZ (+45.94%), ALEX (+45.57), EUNISELL (+43.26%), ABCTRANS (+37.92%), and HONYFLOUR (+29.58%) topped the gainers’ chart. Conversely, twenty-three (23) equities depreciated, lower than the thirty (30) decliners recorded in the prior week. ETRANZACT emerged as the worst-performing stock, shedding 9.92% week-on-week (WoW).