Trading activities on the Nigerian Exchange Limited (NGX) moderated in the week ended Friday, January 9, 2026, even as the equity market closed firmly positive.
A total of 4.164 billion shares valued at ₦94.026 billion were traded in 248,254 deals during the week. This compares with 7.821 billion shares worth ₦134.471 billion exchanged in 150,799 deals in the preceding week, indicating lower volumes but higher transaction frequency.
The Financial Services sector dominated market activity by volume, accounting for 2.651 billion shares valued at ₦35.957 billion traded in 93,706 deals.
The sector contributed 63.67 percent of total equity turnover volume and 38.24 percent of total value.
The Services sector followed with 369.963 million shares worth ₦3.383 billion in 16,521 deals, while the ICT sector ranked third with 297.938 million shares valued at ₦5.727 billion traded in 21,548 deals.
Trading activities were led by Universal Insurance Plc, Linkage Assurance Plc, and Access Holdings Plc. The three stocks accounted for a combined 1.261 billion shares worth ₦5.060 billion traded in 13,819 deals and represented 30.28 percent of total market volume and 5.38 percent of total value.
Daily trading data showed mixed breadth during the week, with advancing stocks peaking midweek. On Monday, January 5, investors traded 695.63 million shares worth ₦18.56 billion, while activity peaked on Wednesday, January 7, with 1.44 billion shares valued at ₦20.69 billion.
Trading tapered toward the end of the week, closing on Friday with 624.06 million shares worth ₦18.52 billion.
The NGX All-Share Index appreciated by 3.71 percent to close at 162,298.08 points, while market capitalization rose by 3.84 percent to ₦103.776 trillion. All major indices closed higher during the week with the exception of the NGX Sovereign Bond Index, which ended flat.
The NGX Premium Index gained 5.38 percent, the NGX Insurance Index advanced by 6.82 percent, and the NGX AFR Dividend Yield Index rose by 7.29 percent. The NGX Growth Index recorded the strongest performance, climbing 24.11 percent week-on-week.
Market breadth improved, with 84 equities recording price appreciation during the week, compared with 73 in the previous week. Twenty-two equities declined, down from 23 previously, while 42 stocks closed unchanged.
Among the top gainers, Multiverse Mining and Exploration Plc led the chart after its share price rose by 59.73 percent to ₦23.40.
MCNichols Plc, May & Baker Nigeria Plc, Deap Capital Management & Trust Plc, and Neimeth International Pharmaceuticals Plc also posted strong weekly gains.
On the downside, Aluminium Extrusion Industries Plc led the decliners, shedding 19.75 percent, while Conoil Plc, Ikeja Hotel Plc, and Sovereign Trust Insurance Plc closed lower.
In the exchange-traded products segment, a total of 604,668 units valued at ₦138.521 million were traded in 1,480 deals, down from 4.667 million units worth ₦316.331 million recorded in the previous week. STANBICETF30 accounted for the highest value traded, while VETGRIF30 led by volume.
Bond market activity strengthened during the week, with 93,349 units valued at ₦94.735 million traded in 24 deals, compared with 46,845 units worth ₦48.790 million in 23 deals the previous week.
Trading was driven largely by Federal Government of Nigeria securities, with FGSUK2033S6 accounting for the highest turnover by value.
In a separate corporate action, First HoldCo Plc listed an additional 2.575 billion ordinary shares of 50 kobo each on the Daily Official List of Nigerian Exchange Limited on Monday, January 5, 2026.
The listing followed the company’s private placement of 3.276 billion shares at ₦32.50 per share. With the admission of the new shares, First HoldCo’s total issued and fully paid-up shares increased from 41.88 billion to 44.45 billion ordinary shares.
Overall, the week closed on a positive note for the Nigerian equity market, with strong index performance offsetting lower trading volumes and reinforcing investor confidence at the start of the year.
