The Nigerian equities market ended Friday, 9 January 2026, on a constructive observe because the All-Share Index (ASI) rose 0.93% to 162,298.1 factors, sustaining its place above the 160,000-threshold.
Buying and selling exercise slowed barely, with 624 million shares altering arms, down from 645 million within the earlier session, reflecting measured investor participation.
Market capitalization edged larger to N103.7 trillion throughout 43,816 offers, up from N102.8 trillion a day earlier.
What the info reveals
The ASI’s 0.93% acquire on Friday introduced the year-to-date efficiency to 4.30%, signaling robust investor confidence within the fairness market.
The session’s prime performers included Industrial and Medical Gases, SCOA Nigeria, and McNichols Plc, which every gained the utmost 10.00%, whereas Aluminum Extrusion Industries and Austin Laz led the laggards, shedding 9.91% and 9.83% respectively.
On the quantity facet, eTranzact Worldwide dominated with 72.9 million shares traded, adopted by Chams Holdings (30.3 million) and Entry Holdings (27.9 million).
When it comes to transaction worth, Unilever Nigeria topped the chart with N1.7 billion, forward of Aradel Holdings (N1.3 billion) and Zenith Bank (N1.1 billion).
Among the many SWOOT (Shares Value Over One Trillion) shares, efficiency was blended:
LAFARGE gained 2.04%
On the flip facet, INTERNATIONAL BREWERIES dropped 1.99%, whereas STANBIC IBTC misplaced 1.79%.
Equally, the FUGAZ banking group confirmed a blended efficiency:
ACCESSCORP gained 0.22%, whereas GTCO rose 0.20%
ZENITHBANK closed flat
FIRSTHOLDCO and UBA declined 1.91% and 0.68%, respectively.
Prime 5 gainers
- IMG — Up 10.00% to N35.20
- SCOA — Up 10.00% to N9.35
- MCNICHOLS — Up 10.00% to N5.50
- MAY & BAKER — Up 9.92% to N28.80
- FTN COCOA — Up 9.90% to N6.66
Prime 5 losers
- ALEX — Down 9.91% to N19.10
- AUSTINLAZ — Down 9.83% to N4.13
- SOVRENINS — Down 9.63% to N3.38
- PRESTIGE — Down 9.57% to N1.70
- UPDC — Down 9.09% to N5.00
Extra insights
Whereas the market noticed robust gainers, the broad-based rally confronted some resistance from shares present process profit-taking.
Investor participation remained comparatively excessive however confirmed indicators of tapering, with whole quantity traded slipping barely from 645 million to 624 million shares.
This will point out cautious rebalancing amongst traders regardless of the general bullish sentiment.
Mid-cap shares proceed to draw elevated consideration.
Why this matter
The NGX’s capacity to keep up its place above the 160,000-mark highlights sustained market confidence early into 2026.
The strong efficiency in key equities, regardless of slowing commerce volumes, factors to a selective however optimistic investor base.
As shopping for focuses on mid- and large-cap counters, the market could expertise a extra secure upward development fairly than a speculative rally.
Market outlook
With the ASI comfortably above 162,000, continued shopping for in mid- and large-cap shares might carry the index additional.
Market analysts counsel that sustained momentum could help further features, although minor pullbacks are doable as traders alter positions.