Equities turnover fell to ₦94.03 billion in the first trading week ending January 9, 2026, as trading momentum slowed and investor activity on the Nigerian Exchange eased compared to the previous week.
During the review period, 4.164 billion shares changed hands across 248,254 deals, down from the previous week’s 7.821 billion shares worth ₦134.47 billion. The dip suggests investors are treading carefully, with some taking selective profits, even as the market ended on a generally positive note.
The Financial Services sector continued to lead market activity, with 2.651 billion shares worth ₦35.96 billion traded across 93,706 deals. This made up 63.67% of the total market volume and 38.24% of the value traded. The Services sector came next with 369.96 million shares valued at ₦3.38 billion, followed by the ICT sector with 297.94 million shares worth ₦5.73 billion.
Trading was focused on just a few stocks, with Universal Insurance Plc, Linkage Assurance Plc, and Access Holdings Plc leading in volume. Together, these three accounted for 1.261 billion shares worth ₦5.06 billion, making up over 30 percent of the total market volume for the week.
Even with a drop in turnover, the market still showed a positive trend. The NGX All Share Index climbed 3.71% to close at 162,298.08 points, while market capitalisation increased by 3.84% to ₦103.78 trillion, reflecting steady investor confidence in certain stocks.
Sectoral indices largely closed in positive territory, led by the Insurance Index, which gained 6.82 per cent on a weekly basis. The NGX Growth Index also recorded a significant weekly increase of 24.11 per cent, reflecting strong price movements in growth-orientated equities. The NGX Sovereign Bond Index was the only index that closed flat during the week.
Market breadth improved, with 84 equities recording price appreciation, compared with 73 in the previous week. Twenty-two stocks declined, while 42 equities closed unchanged, highlighting a generally positive but selective market sentiment.
In the fixed income space, bond market activity improved week on week, with traded volume rising to 93,349 units valued at ₦94.73 million across 24 deals. Exchange Traded Products recorded weaker performance, as transactions declined to ₦138.52 million from ₦316.33 million in the prior week.
The week was characterised by moderated investor activity and lower turnover but stronger price performance across key indices, underscoring a market driven by selective accumulation rather than broad-based participation.
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