NGX trading activity falls 22.5% as weekly transactions decline

Transactions on the Nigerian Exchange Limited (NGX) declined by 22.5 per cent in the week ended January 31, 2026, as investor activity slowed across the market.

A total of 3.087 billion shares worth ₦81.51 billion were traded in 222,185 deals during the week, compared with 3.748 billion shares valued at ₦99.87 billion exchanged in 237,179 transactions the previous week, according to data from the News Agency of Nigeria (NAN).

The Financial Services sector led trading activity, accounting for 1.495 billion shares valued at ₦33.92 billion in 83,939 deals. This represented 48.45 per cent of total trading volume and 41.62 per cent of total value.

The Services sector followed with 443.22 million shares worth ₦4.94 billion traded in 17,615 deals, while the ICT sector ranked third, recording 279.52 million shares valued at ₦6.44 billion in 24,552 deals.

Trading in Veritas Kapital Assurance Plc, Cutix Plc and Secure Electronic Technology Plc dominated the market, with a combined 513.38 million shares worth ₦1.14 billion traded in 4,895 deals, contributing 16.63 per cent of total volume and 1.40 per cent of total value.

At the close of the week, the NGX All-Share Index dipped slightly by 0.09 per cent to 165,370.40 points, while market capitalisation rose by 0.18 per cent to ₦106.15 trillion.

Most sectoral indices ended higher, but the NGX 30, Banking, Pension, Growth, Premium and Corporate Governance indices closed in negative territory.

Market breadth weakened as 44 equities gained, down from 58 in the previous week, while 49 stocks declined, compared with 40 earlier. Fifty-five equities closed flat, higher than the 50 recorded the week before.

The top losers for the week were Neimeth International Pharmaceuticals, Livingtrust Mortgage Bank, May & Baker, Livestock Feeds and Austinlaz, while the leading gainers included Zichis Agro Allied Industries, Omatek Ventures, Union Homes REIT, Morison and SCOA.

Overall, the week reflected reduced trading momentum on the NGX, even as market capitalisation edged higher.