Stocks Rally on NGX as Market Ends Week Positive
The Nigerian equities market closed the trading week ended Friday, January 16, 2026, on a positive note, with a broad number of stocks advancing and investors regaining confidence amid buoyant trading activity.
Bullish Market Performance
The Nigerian Exchange Limited (NGX) witnessed a notable rally throughout the week, as the All-Share Index (ASI) climbed 2.36% to settle at 166,129.50 points, while market capitalisation expanded by 2.48% to N106.354 trillion. This marks a strong showing for the local market and reinforces optimism among investors after earlier bouts of mixed trading seen in recent months.
The market breadth was firmly positive:
- 80 equities gained in price during the week
- 17 equities declined
- 50 equities closed unchanged
Although the number of gainers was slightly lower than the 84 recorded in the previous week, the smaller number of losers (down from 22) tells a story of broad-based resilience and renewed buying interest.
Higher Activity, Bigger Turnover
Trading activity picked up considerably. Over 4.60 billion shares worth N130.64 billion changed hands in 263,439 deals , both figures higher than the totals seen in the prior week. This increase in volume and value suggests that more investors are returning to the market, drawn by attractive valuations and expectations of further gains.
Conclusion, While the bullish momentum is encouraging, analysts advise investors to remain selective and disciplined, noting that market pullbacks are still possible due to profit-taking and external economic factors. Nonetheless, the strong breadth recorded this week suggests that the market remains well-supported.
As the new trading week begins, attention will be on earnings releases, macroeconomic indicators, and policy signals that could influence market direction. For now, the Nigerian equities market has closed the week in green, offering optimism for investors positioning for sustained growth.
Comments