Buying and selling on the Nigerian Trade opened the yr on a constructive word, with equities market capitalisation crossing ₦100 trillion amid renewed investor demand and widespread value appreciation.
Market figures point out that equities capitalisation elevated from ₦99.94 trillion on January 2 to ₦101.81 trillion by January 5, including ₦1.87 trillion in worth inside two buying and selling periods. Measured in greenback phrases, the market expanded from $69.61 billion to $71.15 billion.
The bullish momentum lifted the NGX All-Share Index by 1.74 per cent within the newest session, pushing each month-to-date and year-to-date returns to 2.32 per cent.
Shopping for curiosity was notably sturdy in shares comparable to Cadbury Nigeria, Fidson Healthcare and Champion Breweries, underscoring the seasonal “January Impact” that usually shapes early buying and selling within the new yr.
Investor confidence was additional mirrored in market breadth, which widened sharply to 9.13x, as 73 shares superior in comparison with simply eight decliners, pointing to broad participation within the rally.
Reacting to the event, the Group Managing Director and Chief Government Officer of Nigerian Trade Group, Temi Popoola, described the achievement as a landmark second for the capital market.
“The equities market capitalisation crossing the ₦100 trillion mark is a defining milestone for Nigeria’s capital market and a transparent sign of renewed investor confidence because the yr begins,” Popoola mentioned.
“It displays the market’s rising depth, resilience, and talent to reply positively to enhancing macroeconomic situations and structural reforms.”
He attributed the progress to stronger cooperation amongst key establishments, noting that regulatory alignment has helped enhance belief available in the market.
“Over the previous two years, nearer alignment between market operators, policymakers, and the Securities and Trade Fee has enhanced transparency, liquidity, and investor safety, reinforcing the Trade’s position in mobilising long-term capital for financial progress,” he mentioned.
Additionally commenting, the Chief Government Officer of Nigerian Trade Restricted, Jude Chiemeka, mentioned the rally was underpinned by elevated participation and sector-wide demand.
“The breadth of the market tells a constructive story,” Chiemeka mentioned. “We’re seeing sturdy participation throughout banking, industrial, and client shares, alongside rising buying and selling volumes, which suggests rising investor confidence and a extra lively market in the beginning of the yr.”
Buying and selling information, nonetheless, confirmed combined exercise. Whereas the quantity of shares exchanged jumped by 58.13 per cent to 695.64 million items, the full worth of transactions fell by 25.57 per cent to ₦18.57 billion throughout 56,606 offers. Cumulative equities turnover for the yr rose to ₦43.52 billion.
Zenith Financial institution topped the charts by worth traded at ₦3.51 billion, adopted by WAPCO at ₦2.56 billion and Aradel Holdings at ₦1.57 billion. Entry Holdings and GTCO have been additionally among the many most actively traded equities.
In different segments of the market, mounted earnings capitalisation remained flat at ₦51.48 trillion, whereas exchange-traded funds recorded progress, with market capitalisation growing to ₦50.45 billion, highlighting rising investor curiosity throughout a number of asset lessons.
