By Seun Ibiyemi
The benchmark index of the Nigerian Exchange Group (NGX) closed the week on a positive note as the All-Share Index (ASI) and market capitalisation advanced by 0.73 per cent, adding N924 billion to investors’ wealth.
At the close of trading for the week, the NGX All-Share Index rose to 198,407.30 points, while market capitalisation increased to N127.361 trillion, compared with 196,968.15 points and N126.437 trillion recorded in the previous week.
Despite the overall market gain, most sectoral indices ended the week lower, except the NGX Main Board, NGX 30, Consumer Goods, Oil and Gas, Industrial Goods, Sovereign Bond and Pension Broad indices, which appreciated by 1.99 per cent, 0.80 per cent, 0.63 per cent, 1.50 per cent, 5.73 per cent, 0.02 per cent and 0.58 per cent, respectively.
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Trading activity during the week saw investors exchange a total of 3.321 billion shares valued at N164.845 billion in 318,907 deals on the Exchange.
This represents a decline compared to the 3.695 billion shares worth N177.687 billion traded in 370,980 deals recorded in the previous week.
The Financial Services industry dominated the activity chart with 2.179 billion shares valued at N59.809 billion traded in 124,992 deals, accounting for 65.61 per cent of the total equity volume and 36.28 per cent of the total value traded.
The Oil and Gas industry followed with 207.690 million shares worth N27.606 billion in 32,820 deals, while the Consumer Goods industry ranked third with 189.633 million shares valued at N11.852 billion in 34,288 deals.
Trading in Access Holdings Plc, Fortis Global Insurance Plc and First Holdco Plc dominated market activity during the week, accounting for 677.312 million shares valued at N14.561 billion in 17,346 deals. The trio contributed 20.39 per cent to total equity volume and 8.83 per cent to total value traded.
A total of 34 equities recorded price appreciation during the week, lower than the 44 gainers recorded in the previous week. However, 61 equities declined in price compared to 58 in the prior week, while 53 equities remained unchanged, up from 46 earlier.
Top gainers included Premier Paints Plc, Conoil Plc, BUA Cement Plc, Fidson Healthcare Plc and Omatek Ventures Plc, which gained N4.80, N35.40, N45, N16.85 and 40 kobo, respectively.
On the losing side were SCOA Nigeria Plc, Fortis Global Insurance Plc, Sovereign Trust Insurance Plc, Aluminium Extrusion Industries Plc and LivingTrust Mortgage Bank Plc, which shed N11.70, 31 kobo, 55 kobo, N2.90 and N1.02, respectively.
Meanwhile, the NGX also notified trading licence holders about the rights issue of Linkage Assurance Plc involving 12.3 billion ordinary shares of 50 kobo each at N1.32 per share.
According to the Exchange, the offer is structured on the basis of two new shares for every three held as of January 22, 2026, with trading in the rights issue opening on Wednesday.
