Equities agency as NGX market cap surges N138bn

Nigerian equities closed the buying and selling session on a constructive word on Thursday as the entire market capitalisation of the Nigerian Change Restricted elevated by N138bn, reflecting modest investor optimism regardless of blended buying and selling exercise throughout sectors.

On the shut of buying and selling, complete market capitalisation rose to N102.82tn from N102.68tn recorded within the earlier session, representing a acquire of N138bn. The All-Share Index additionally superior by 214.80 factors, or 0.13 per cent, to shut at 160,806.56 factors, in contrast with 160,591.76 factors on Wednesday.

Market exercise moderated, with a complete of 645.02 million shares valued at N16.42bn exchanged in 44,380 offers. This mirrored a 19 per cent decline in turnover and a ten per cent drop within the variety of offers in contrast with the earlier buying and selling day, indicating cautious participation by buyers.

Total market breadth was unfavourable, as 41 shares declined in opposition to 32 gainers, underscoring profit-taking in a number of counters regardless of the marginal enchancment in headline indices.

On the gainers’ desk, Neimeth Worldwide Prescribed drugs led the pack with a ten.00 per cent appreciation to shut at N7.70 per share. It was adopted by Could & Baker Nigeria, which gained 9.85 per cent to shut at N26.20; E-Tranzact Worldwide, up 9.64 per cent at N13.65; and Multiverse Mining and Exploration, which rose by 9.51 per cent to N21.30.

Conversely, Worldwide Vitality Insurance coverage topped the losers’ chart, shedding 9.90 per cent to shut at N2.73 per share. Related Bus Firm declined by 9.88 per cent to N4.47, Austin Laz & Firm misplaced 9.84 per cent to shut at N4.58, whereas Conoil dropped by 9.72 per cent to N169.00.

When it comes to buying and selling exercise, Chams recorded the very best quantity, with 60.46 million shares exchanged, adopted by Linkage Assurance with 54.11 million shares, Tantalizers with 44.96 million shares, and Entry Holdings with 35.52 million shares.

On the worth chart, Zenith Bank led transactions, with shares price N1.51bn traded in the course of the session. Seplat Vitality adopted with a commerce valued at N1.20bn, whereas Unilever Nigeria and Guaranty Trust Holding Firm recorded trades valued at N1.20bn and N1.01bn, respectively.

Analysts stated the marginal acquire in market capitalisation suggests selective cut price searching, whilst buyers stay cautious forward of company earnings releases and evolving macroeconomic circumstances.

The PidomNigeria reported that the Nigerian Change closed buying and selling on Wednesday, 7 January 2026, on a bullish word as sustained shopping for curiosity in key shares lifted the benchmark index and market capitalisation.