The Nigerian stock market recorded a modest uptick on Tuesday, 27 January 2026, with the All-Share Index (ASI) rising 0.12% to close at 165,713.8 points. Despite the gain, overall market activity remained muted, reflecting investor caution as prices consolidated near the 165,000-point level while traders await clearer market signals.
Trading volume fell to 483 million shares from 601 million in the previous session, while market capitalization held steady at N106.08 trillion across 41,499 deals. Among the most active stocks by volume, Access Holdings led with 26.4 million shares traded, followed by GTCO (25.2 million) and NSLTECH (24.6 million).
In terms of trading value, GTCO dominated the session with N2.4 billion worth of shares exchanged, closely followed by Aradel at N2.1 billion. Seplat, Lafarge, and Zenith Bank also featured prominently among the top value trades, signaling strong investor interest in these blue-chip stocks. On the gainers’ chart, UHOMREIT and SCOA advanced nearly 10% each, while Austin Laz and Neimeth fell sharply, reflecting mixed sector performances.
Large-cap stocks displayed uneven momentum, with SWOOTs over N1 trillion showing mild bullish trends. International Breweries gained 3.57%, while Lafarge added 0.64%. Among major banking stocks (FUGAZ), Access Holdings climbed 2.04% and UBA rose 0.79%, though GTCO ended flat, and First HoldCo slipped by 3.98%. The mixed results suggest investors remain cautious amid ongoing volatility.
Market analysts note that the Nigerian stock market’s muted movements indicate a delicate balance between profit-taking and accumulation. While short-term gains were seen in select equities, broader market trends remain constrained. The next significant shift in the ASI is likely to be driven by decisive moves from large-cap stocks, though the market could be vulnerable to short-term retracements if momentum stalls.
source: nairametrics