On Wednesday, January 28, 2026, the Nigerian Change completed buying and selling within the purple, shedding 549.4 factors to shut at 165,164.4.
Representing a 0.33% decline from the earlier session’s shut of 165,713.8, the index struggled to carry above the 165,000 degree.
Buying and selling exercise improved throughout the session, with complete quantity rising to 623 million shares, up from 483 million shares recorded the day prior to this, executed throughout 42,172 offers.
Nonetheless, market capitalisation dipped to N105.7 trillion from N106 trillion, reflecting the broad-based weak point in costs throughout the session.
What the info is saying
Buying and selling knowledge exhibits that the All-Share Index slipped into its first bearish flip within the week after a number of periods of stalling, trimming its year-to-date return to six.14% from 6.49% the day prior to this.
Good points have been concentrated in a number of counters, with UHOMREIT and DEAPCAP main the gainers’ chart after every rose by 9.97%.
On the flip aspect, promoting strain was most pronounced in RT Briscoe and Might & Baker, which topped the decliners’ desk with losses of 9.97% and 9.96%, respectively.
- Buying and selling exercise was led by Neimeth, which recorded the best quantity at 58.1 million shares, adopted by CHAMS with 39.5 million shares and Entry Holdings with 33.3 million shares.
- Zenith Bank and Tantalizers rounded out the highest 5 by quantity, buying and selling 32.4 million and 29.2 million shares, respectively.
By worth, Zenith Bank dominated transactions with trades value N2.3 billion, carefully adopted by Aradel at N2.2 billion and GTCO at N2.1 billion.
MTN Nigeria and Entry Holdings accomplished the highest 5 in worth phrases, with N1.5 billion and N757.4 million value of shares exchanged.
Prime 5 Gainers
- UHOMREIT — up 9.97% to N94.85
- DEAPCAP — up 9.97% to N9.49
- Tantalizers — up 9.92% to N3.88
- Skyway Aviation Dealing with Firm — up 9.91% to N128.60
- Morrison — up 9.90% to N9.99
Prime 5 Losers
- RT Briscoe — down 9.97% to N6.50
- Might & Baker — down 9.96% to N35.25
- Ikeja Resort — down 9.92% to N32.25
- LivingTrust Mortgage Bank — down 9.90% to N4.64
- eTranzact — down 9.16% to N17.35
SWOOTs and FUGAZ
Buying and selling amongst SWOOTs—shares with market capitalisation above N1 trillion—tilted bearish throughout the session.
- Worldwide Breweries declined by 3.45%, whereas MTN Nigeria shed 1.38%.
FUGAZ banking shares, however, posted combined performances.
- First HoldCo slipped 2.23%, and UBA eased by 0.78%.
- In distinction, sentiment was constructive for some tier-one lenders, with GTCO advancing 0.51%, Entry Holdings rising 0.44%, and Zenith Bank edging up 0.14%.
Why this issues
The market’s early pullback indicators cautious investor sentiment, as merchants await clearer path from mid- and large-cap shares.
- Combined performances throughout SWOOTs and FUGAZ counters spotlight uneven beneficial properties and losses, reflecting ongoing sector-specific volatility.
- Regardless of elevated buying and selling exercise in choose equities, broader market momentum stays constrained, suggesting potential for short-term declines.
Market outlook
The Nigerian inventory market is at the moment experiencing a bearish pullback, possible in the type of a worth retracement.
Nonetheless, the depth of this retracement will rely upon how rapidly bullish sentiment returns to mid- and large-cap shares, probably supported by an influx of constructive full-year 2025 earnings outcomes.
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