The Nigerian inventory market closed buying and selling on Thursday on a optimistic notice as selective bargain-hunting in equities lifted the benchmark index, whereas exchange-traded merchandise prolonged their robust upward momentum.
The All-Share Index (ASI) rose by 0.22 % to 165,527.31 factors, reversing a part of the earlier session’s losses. Fairness market capitalisation elevated to ₦105.97 trillion, indicating a partial restoration in investor confidence.
Market Capitalisation Recovers ₦232bn From Earlier Session
A comparability with January 28, 2026, reveals a modest however significant rebound:
Fairness market capitalisation elevated from ₦105.74 trillion to ₦105.97 trillion
This represents a ₦232 billion restoration in a single buying and selling session
The index rebound confirms that the prior day’s sell-off was pushed by profit-taking fairly than sustained bearish sentiment
Regardless of the restoration, the market stays beneath the January 27 peak, underscoring continued warning in fairness positioning.
Buying and selling Exercise Indicators Selective Participation
Market exercise remained energetic however restrained, reflecting a selective method by buyers.
Offers Executed: 38,665 (decrease than the prior session)
Quantity Traded: 691.42 million shares (larger than January 28)
Worth Traded: ₦15.37 billion (decrease day-on-day)
The rise in quantity alongside decrease worth traded suggests elevated exercise in lower-priced shares and continued short-term buying and selling.
Mid-Caps, REITs, and Choose Bonds Lead Gainers
Shopping for curiosity was concentrated in mid-cap equities, REITs, and choose fixed-income devices.
RT Briscoe gained 10.00 %
LOTUSHAL15 superior 9.98 % to ₦121.00
SCOA Nigeria rose 9.91 %
Deap Capital Administration & Belief climbed 9.91 %
FGSUK2032S5 appreciated 10.00 %, reflecting renewed curiosity in choose sovereign devices
The persistence of beneficial properties in REITs and mid-cap shares confirms ongoing rotation away from heavyweight equities.
Losses Concentrated in Monetary and Shopper Names
Revenue-taking and rebalancing pressured a slim group of shares.
FGSUK2031S4 declined 19.00 %, the steepest drop of the session
HMCall fell 9.84 %
Union Dicon Salt shed 9.79 %
UACN Property Improvement Firm (UPDC) slipped 8.00 %
Legend Web declined 7.56 %
The losses have been stock-specific fairly than sector-wide, reinforcing the selective nature of present market exercise.
CUTIX, GTCO Drive Buying and selling Volumes and Worth
Buying and selling remained concentrated in a handful of liquid names.
CUTIX led by quantity with 144.62 million shares traded
GTCO topped the worth chart with ₦2.57 billion in transactions
Veritas Kapital, Tantalizers, and Japaul Gold additionally featured among the many most traded shares
Banking shares continued to function liquidity anchors, regardless of not main worth beneficial properties.
ETF Market Capitalisation Climbs Above ₦121bn
Trade-traded merchandise prolonged their rally, reinforcing their rising affect on market construction.
SIAMLETF40 gained 559.04 factors
Stanbic ETF30 superior 270.03 factors
VSP Bond ETF surged 208.20 factors
MERGROWTH and MERVALUE closed larger
Consequently, ETF market capitalisation rose to ₦121.99 billion, marking one other enlargement day and highlighting sustained institutional demand for diversified publicity.
Market Outlook
The January 29 session confirms that the NGX stays in a rotation and consolidation part. Whereas equities recorded a rebound and recovered ₦232 billion in market capitalisation, beneficial properties stay selective and pushed largely by mid-cap shares and REITs.
On the identical time, accelerating ETF inflows proceed to cushion market volatility and stabilise total capital flows. Till fairness participation broadens past a slim set of names, market path is prone to stay range-bound, with ETFs taking part in an more and more central position in sustaining stability.
