Buying and selling exercise on the Nigerian Change moderated within the week ended January 30, 2026, as traders traded decrease volumes and values throughout the fairness market, whereas exercise in Change Traded Merchandise (ETPs) and bonds improved.
Fairness Market Overview
A complete of three.087 billion shares valued at ₦81.505 billion had been exchanged in 222,185 offers, representing a decline from the three.748 billion shares value ₦99.865 billion traded in 237,179 offers within the earlier week. The contraction in turnover displays cautious positioning by traders following current rallies in choose segments of the market.
The Monetary Providers sector dominated buying and selling by quantity, accounting for 1.495 billion shares value ₦33.923 billion in 83,939 offers, contributing 48.45% of whole market quantity and 41.62% of whole worth.
The Providers sector adopted with 443.22 million shares valued at ₦4.94 billion, whereas the ICT sector ranked third with 279.52 million shares value ₦6.44 billion.
Buying and selling in Veritas Kapital Assurance Plc, Cutix Plc, and Safe Digital Expertise Plc accounted for 513.38 million shares valued at ₦1.14 billion, representing 16.63% of whole quantity however just one.40% of whole worth.
Day by day market breadth throughout the 5 buying and selling classes confirmed combined sentiment, with advancing shares peaking at 41 on January 29, whereas declining shares reached a excessive of 38 on January 28, reflecting rotational buying and selling somewhat than broad-based promoting.
Market Capitalisation and Indices
The NGX All-Share Index (ASI) declined marginally by 0.09% to shut at 165,370.40 factors, whereas whole market capitalisation elevated by 0.18% to ₦106.153 trillion, supported by value stability in large-cap shares and new listings.
Sectoral and thematic indices closed largely constructive, aside from the NGX 30, Company Governance, Premium, Banking, Pension, Progress, and Pension Broad indices, which recorded weekly declines ranging between 0.13% and 1.13%.
The NGX Insurance coverage Index gained 0.81%, whereas value-oriented indices such because the MERI Worth Index superior 0.53%, indicating continued investor choice for defensive and dividend-paying shares.
12 months-to-date efficiency stays robust, with the NGX ASI up 6.27%, whereas the NGX Progress Index continues to outperform on a longer-term foundation regardless of its weekly pullback.
Change Traded Merchandise (ETPs)
Buying and selling exercise in ETPs improved considerably. A complete of two.62 million models valued at ₦784.23 million had been traded in 4,396 offers, in contrast with 1.92 million models value ₦393.28 million within the prior week.
The VSP Bond ETF and Stanbic ETF 30 dominated worth traded, reflecting sustained institutional demand for fastened revenue and blue-chip publicity. The rebound in ETP exercise suggests rising portfolio diversification amid fairness market consolidation.
Bond Market
The bond phase additionally recorded greater exercise, with 91,005 models valued at ₦90.69 million traded in 42 offers, up from 45,386 models value ₦48.05 million in 22 offers the earlier week. Federal Authorities Sukuk and standard FGN securities accounted for the majority of transactions, pointing to regular demand for sovereign devices.
Market Breadth and Value Efficiency
Market breadth weakened week-on-week. Forty-four equities superior, down from 58 within the prior week, whereas 49 equities declined, in contrast with 40 beforehand. Fifty-five shares closed unchanged, reflecting selective profit-taking.
High gainers had been led by Zichis Agro Allied Industries Plc, Omatek Ventures Plc, and UH Actual Property Funding Belief, every posting good points above 30%. On the draw back, Neimeth Worldwide Prescription drugs Plc, LivingTrust Mortgage Bank Plc, and Might & Baker Nigeria Plc recorded the steepest declines.
Company Actions and Listings
The week was marked by notable share listings. Guaranty Trust Holding Company Plc listed a further 125 million peculiar shares following a personal placement, rising its issued shares to 36.55 billion. Presco Plc additionally listed 166.67 million new shares from its rights concern, elevating its issued share capital to 1.17 billion shares. These listings contributed to market capitalisation development regardless of the marginal decline within the benchmark index.
Outlook
The market continues to point out indicators of consolidation after current good points, with traders rotating throughout sectors and asset lessons. Improved exercise in ETPs and bonds suggests a cautious however diversified strategy, whereas upcoming company earnings and macroeconomic developments are anticipated to form short-term sentiment on the Nigerian Change.
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