The Nigerian Exchange (NGX) began 2026 on a high note, with investor optimism and broad-based buying lifting the equities market capitalization above the N100 trillion mark. By Monday’s close, total market capitalization reached N101.81 trillion, up from N99.94 trillion at the end of last week, signaling renewed confidence among domestic and foreign investors. Analysts attribute the surge to the traditional “January Effect,” where fresh investment inflows and portfolio rebalancing often spark early-year gains.
The NGX All-Share Index climbed 1.74%, ending at 159,218.22 points, while month-to-date and year-to-date returns rose to 2.32%, reflecting sustained buying momentum. Out of 129 actively traded stocks, 73 recorded gains, including notable performers like Cadbury Nigeria Plc, Fidson Healthcare Plc, and PZ Cussons Nigeria Plc, each rising by 10%. The rally was concentrated in consumer goods and healthcare sectors, highlighting investor optimism over earnings recovery and increased demand.
Monday’s trading session recorded 695.64 million shares valued at N18.57 billion exchanged across 56,606 deals. While trading volume jumped 58% from the previous session, total transaction value declined by 25%, indicating that activity was largely concentrated in lower- and mid-priced stocks. Zenith Bank Plc led by value, while Tantalizers Plc topped in volume traded, reflecting selective investor focus and active participation in tier-one banking and consumer stocks.
NGX executives welcomed the landmark achievement, with Group CEO Temi Popoola describing the crossing of N100 trillion as a defining moment for Nigeria’s capital market. He highlighted improved market depth, resilience, and regulatory collaboration as key drivers. NGX CEO Jude Chiemeka added that the rally reflects strong participation across banking, industrial, and consumer sectors, signaling a more active market and growing investor confidence at the start of the year.
While equities surged, the fixed-income market remained stable at N51.48 trillion, and the exchange-traded funds (ETF) segment recorded growth to N50.45 billion, reflecting rising investor interest across asset classes. The strong start for NGX suggests a positive outlook for 2026, with broad-based gains and heightened market activity positioning the Exchange as a key driver of economic growth and investment confidence in Nigeria.
source: punch