NGX Market Capitalisation Hits Record High as Investors Gain N2.6 Trillion in a Week

Nigeria’s equity market closed the week on a historic high, with the Nigerian Exchange (NGX) market capitalisation hitting an all-time peak as investors recorded a combined gain of about N2.6 trillion amid sustained buying interest.

The NGX All-Share Index advanced by 2.36 per cent to settle at 166,129.50 points, while total market capitalisation rose by 2.48 per cent to N106.354 trillion, compared with 162,298.08 points and N103.776 trillion recorded in the previous week.

As a result of the rally, the stock market delivered a total gain of N2.578 trillion to investors during the review period. All sectoral indices closed in positive territory, with the exception of the NGX AFR Div Yield Index, which declined marginally by 0.15 per cent.

Trading activity also improved, as investors exchanged a total of 4.607 billion shares valued at N130.636 billion in 263,439 deals on the floor of the Exchange. This represents an increase from the previous week’s turnover of 4.164 billion shares worth N94.026 billion traded in 248,254 deals.

The Financial Services industry dominated trading activities, accounting for 3.126 billion shares valued at N47.225 billion in 94,186 deals. This sector contributed 67.84 per cent of total equity turnover volume and 36.15 per cent of total value.

The Services industry followed with 353.436 million shares worth N5.096 billion traded in 17,764 deals, while the ICT industry ranked third with a turnover of 277.263 million shares valued at N18.009 billion in 28,525 deals.

Trading in the top three equities—Sovereign Trust Insurance Plc, Access Holdings Plc and Linkage Assurance Plc—accounted for 1.406 billion shares worth N9.735 billion in 11,732 deals. These transactions represented 30.52 per cent of total market volume and 7.45 per cent of total value.

Market breadth remained positive, though slightly weaker than the previous week. Eighty equities appreciated in price, compared with 84 in the preceding week. Seventeen equities declined, down from 22, while 50 equities closed flat, higher than the 42 recorded a week earlier.

NCR Nigeria, SCOA, Deap Capital Management, Jaiz Bank and Omatek Ventures emerged as the top gainers for the week, appreciating by N48.60, N5.55, N1.46, N2.57 and 49 kobo respectively.

On the losers’ chart were Ikeja Hotel, Austinlaz, Eterna, Universal Insurance and Eunisell Interlinked, which shed N4.95, 38 kobo, N2.70, 10 kobo and N12.85 respectively.

Meanwhile, the NGX notified Trading Licence Holders that an additional 3,156,869,665 ordinary shares of 50 kobo each of United Bank for Africa Plc (UBA) were listed on the Daily Official List of Nigerian Exchange Limited on Monday, January 12.

“The additional shares arose from the Bank’s Rights Issue of 3,156,869,665 ordinary shares of 50 Kobo each at N50.00 per share on the basis of one new ordinary share for every existing 13 ordinary shares held as at the close of business on Wednesday, July 16, 2025.

“With the listing of the additional 3,156,869,665 ordinary shares, the total issued and fully paid-up shares of United Bank for Africa Plc has now increased from 41,039,305,642 to 44,196,175,307 ordinary shares of 50 kobo each.

“Trading Licence Holders are hereby notified that trading in Eterna Plc’s Rights Issue of 978,108,485 ordinary shares of 50 Kobo each at N22.00 per share on the basis of three new ordinary share for every existing four ordinary shares held as at the close of business on Thursday, Nov. 27, 2025, opened on Monday, Jan. 12, 2026.

“Trading Licence Holders are hereby notified that an additional 266,838,125 ordinary shares of 50 Kobo each of Morison Industries Plc were on Tuesday, Jan. 13, 2026, listed on the Daily Official List of Nigerian Exchange Limited (NGX).

“The additional shares listed on NGX arose from the company’s private placement of 266,838,125 ordinary shares of 50 Kobo each at N1.50 per share.

“With the listing of the additional shares, the total issued and fully paid-up shares of Morison Industries Plc have now increased from 989,161,875 to 1,256,000,000 ordinary shares of 50 Kobo each.”