Early-year buying lifted Nigeria’s equities market above the ₦100 trillion mark in January 2026.
As a result, market capitalisation rose by ₦1.87 trillion in two sessions, climbing from ₦99.94 trillion to ₦101.81 trillion.
Early-Year Buying Surge
Meanwhile, in dollar terms, market value expanded from $69.61 billion to $71.15 billion.
Importantly, renewed investor appetite and the seasonal “January Effect” drove the rally.
Broad-Based Market Rally
Consequently, the All-Share Index gained 1.74% in the latest session, pushing year-to-date returns to 2.32%.
At the same time, market breadth improved as 73 stocks advanced, while only eight declined.
Rising Trading Activity
In addition, trading activity increased sharply, with investors exchanging 695.64 million shares, up 58.13%.
Read Also: The Initiates Plc Hits Market Breakthrough After 10 Years
However, transaction value fell 25.57% to ₦18.57 billion across 56,606 deals.
Overall, year-to-date equities turnover reached ₦43.52 billion, reflecting sustained market interest.
Notably, Zenith Bank led trading by value at ₦3.51 billion, followed by WAPCO and Aradel Holdings.
Similarly, Access Holdings and GTCO ranked among the most actively traded stocks.
According to NGX leadership, the milestone signals rising confidence in Nigeria’s capital market.
Specifically, Temi Popoola said the achievement reflects market depth, resilience, and positive reform outcomes.
Furthermore, he said stronger regulatory cooperation has improved transparency, liquidity, and investor protection.
In his remarks, NGX CEO Jude Chiemeka said broad participation across key sectors supported the rally.
He added that banking, industrial, and consumer stocks attracted strong early-year demand.
Beyond equities, the fixed income market held steady at ₦51.48 trillion.
Meanwhile, ETF market capitalisation rose to ₦50.45 billion, showing growing interest across asset classes.
Ultimately, the strong start suggests investors are positioning for sustained gains throughout 2026.
