The Nigerian All-Share Index (ASI) closed the buying and selling session on 16 January 2026 barely larger, gaining 72.2 factors to settle at 166,129.5.
This marks a modest 0.04% improve from the day gone by’s shut of 166,057.3, when the market declined by 0.43%.
Buying and selling exercise slowed noticeably, with 539.8 million shares exchanged, down from 1.03 billion shares within the prior session.
Regardless of the softer quantity, market capitalisation was largely unchanged at N106.3 trillion, throughout 48,023 offers.
What the info is saying
The ASI’s marginal acquire of 0.04% lifted its year-to-date return to six.76%, reflecting cautious shopping for curiosity.
On the gainers’ board, Redstarex and NCR (Nigeria) led the rally, rising by 10.00% and 9.97%, respectively.
In the meantime, McNichols and Legend Web topped the losers’ listing, declining by 8.81% and seven.56%.
Buying and selling exercise was softer throughout counters.
Nevertheless, Zenith Bank recorded the best quantity, with 54.5 million shares traded, adopted by Jaiz Bank (41.4 million) and NSLTECH (37.7 million).
Entry Holdings and Lasaco accomplished the highest 5 by quantity, exchanging 30.5 million and 27.2 million shares, respectively.
By transaction worth, Zenith Bank additionally led the session with trades price N3.7 billion.
GTCO and Okomu Oil adopted at N1.5 billion every, whereas Aradel posted N1.05 billion, and MTNN rounded out the highest 5 with N726.9 million in traded worth.
Prime 5 Gainers
- Redstarex — up 10.00% to N13.20
- NCR — up 9.97% to N128.55
- SCOA — up 9.96% to N14.90
- Omatek — up 9.94% to N1.77
- DEAP Capital — up 9.85% to N4.46
Prime 5 Losers
- McNichols — down 8.81% to N6.00
- Legend Web — down 7.56% to N5.50
- Cornerstone — down 6.48% to N6.35
- C&I Leasing — down 6.29% to N8.20
- Austin Laz — down 5.78% to N3.75
SWOOTs and FUGAZ
Shares price over one trillion naira (SWOOTs) closed the session on a bearish be aware, as Nigerian Breweries declined by 0.60% and Lafarge slipped 1.81%.
Among the many FUGAZ banking shares, efficiency was blended.
- Zenith Bank gained 1.23%, UBA rose 0.44%, and GTCO edged up 0.05%.
- On the draw back, Entry Holdings fell 0.22%, whereas First HoldCo closed flat.
Why it issues
The session reveals that buyers are selective.
- Huge-name shares like Nigerian Breweries and Lafarge slipped, holding SWOOTs on the again foot, whereas high banks akin to Zenith Bank, UBA, and GTCO noticed modest positive aspects.
This combine suggests cautious buying and selling, with buyers taking income from some heavyweights however nonetheless exhibiting confidence in sturdy banking shares.
Market Outlook
The All-Share Index began the day barely larger, rising 0.04%. If shopping for curiosity strengthens throughout particular person shares, the market might see a extra pronounced rally.
Nevertheless, the danger of a short-term dip stays.
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