The Nigerian Exchange Limited (NGX) has shattered historical records, crossing the N100 trillion market capitalisation mark after investors booked a staggering N3.8 trillion gain in the first full trading week of January 2026.
This milestone performance, which drew commendation from President Bola Ahmed Tinubu, reflects sustained bullish sentiment and confidence in the domestic equities market.
Trading remained green across all five sessions, driving the benchmark All-Share Index (ASI) up by 3.71 per cent to close at 162,298.08 points, a significant leap from the 156,492.36 points recorded the previous week.
The week opened with a bang on Monday, January 5, with a N1.87 trillion gain. The momentum was also sustained throughout the week.
Despite the value surge, trade volume dipped week-on-week. A total of 4.16 billion shares valued at N94.02 billion were exchanged in 248,254 deals, compared to 7.82 billion shares traded the previous week.
The Financial Services Industry dominated the activity chart, accounting for 63.67 per cent of total volume (2.65 billion shares). It was followed by the Services Industry and the ICT Sector.
Twenty-two equities recorded price declines, down from 23 in the prior week, while 42 equities closed flat, compared with 51 previously.
Multiverse Mining and Exploration Plc emerged as the best-performing stock, gaining 59.73 per cent, followed by McNichols Plc, which advanced by 53.20 per cent. May & Baker Nigeria Plc also posted strong gains, rising by 51.58 per cent.
On the losers’ chart, Aluminium Extrusion Industries Plc led with a decline of 19.75 per cent, followed by Austin Laz & Company Plc, which shed 11.56 per cent.
Sovereign Trust Insurance Plc also recorded a decline, losing 11.29 per cent of its share price during the week.