NGX Market Cap Hits ATH as Investors See N2.6trn Weekly Gain
With the Nigerian Exchange (NGX) at an all-time high (ATH), equity investors recorded a weekly gain of about N2.6 trillion following a sustained rally in share prices.
The NGX All-Share Index rose by 2.36 per cent to close at 166,129.50, while market capitalisation increased by 2.48 per cent to N106.354 trillion, up from the previous week’s 162,298.08 and N103.776 trillion, respectively.
As a result, the stock market delivered a total gain of N2.578 trillion to investors within the review period. Similarly, all other indices finished higher with the exception of NGX AFR Div Yield index which depreciated by 0.15 per cent.
A total turnover of 4.607 billion shares worth N130.636 billion in 263,439 deals was traded this week by investors on the floor of the Exchange.
This is in contrast to a total of 4.164 billion shares valued at N94.026 billion that exchanged hands last week in 248,254 deals.
The Financial Services Industry led the activity chart with 3.126 billion shares valued at N47.225 billion traded in 94,186 deals.
This contributed 67.84 per cent and 36.15 per cent to the total equity turnover volume and value respectively. The Services Industry followed with 353.436 million shares worth N5.096 billion in 17,764 deals.
The third place was the ICT Industry, with a turnover of 277.263 million shares worth 18.009 billion in 28,525 deals. Trading in the top three equities, namely 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.
This contributed 30.52 per cent and 7.45 per cent to the total equity turnover volume and value respectively. Meanwhile, eighty equities appreciated in price during the week, lower than 84 equities in the previous week.
Seventeen equities depreciated in price, lower than 22 equities in the previous week, while 50 equities remained unchanged, higher than 42 recorded in the previous week.
NCR Nigeria, SCOA, Deap Capital Management, Jaiz Bank and Omatek Ventures were the top five gainers for the week, and they gained N48.60, N5 55, N1.46, N2.57 and 49k respectively
The top five losers for the week were: Ikeja Hotel, Austinlaz, Eterna, Universal Insurance and Eunisell Interlinked. The companies lost N4.95, 38k, N2.70, 10k and N12.85 respectively.
The NGX also notified Trading Licence Holders that 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 (NGX) on Monday, Jan. 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.
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