Nigerian Stock Market Surpasses N100 Trillion as Positive Momentum Drives Gains
The Nigerian stock market marked a historic milestone on January 5, 2026, as its total value soared past N100 trillion, fueled by a surge in investor activity. Equity capital jumped from N99.90 trillion to N101.5 trillion, driven by strong rallies in mid- and large-cap stocks, signaling renewed confidence in the country’s equities market.
The All-Share Index (ASI), which tracks overall market performance, rose 2,725.8 points or 1.74%, closing at 159,218.2 from 156,730.7. Investors flocked to well-performing counters, particularly those hitting the 10% daily gain limit, propelling the ASI closer to the psychological 160,000-point milestone.
Top-performing stocks included NSLTECH, Champion, Fidson, Maybaker, and PZ, all reaching their daily gain limits, while Juli and Ikeja Hotels led the declines with losses of nearly 10%. Trading activity also picked up, with Tantalizer and Zenith Bank leading in volume, and Zenith Bank dominating transaction value at N3.5 billion, followed by WAPCO and Aradel.
Sector-wise, the rally was broad-based. Large-cap SWOOTs such as Aradel, International Breweries, and Nigerian Breweries posted strong gains, while key financial stocks like Accesscorp, Zenith Bank, GTCO, and UBA also recorded notable increases. Analysts say this reflects sustained optimism, particularly from institutional investors returning after the holiday season.
Looking ahead, the market’s momentum suggests a promising start to 2026. With the All-Share Index above 159,000 points and a market cap exceeding N100 trillion, investors are watching for continued buying interest, particularly in mid- and large-cap stocks. If the rally persists, the next milestone could be beyond the 160,000-point mark, indicating sustained strength for Nigeria’s equities market.
source: nairametrics