The Nigerian equities market closed on a positive note on Monday, January 20, 2026, as buying interest in select medium- and large-cap stocks lifted the benchmark index, according to data from the Nigerian Exchange (NGX).
The NGX All-Share Index (ASI) gained 0.09 per cent, settling at 166,256.82 points, reflecting cautious investor optimism despite sectoral weakness across parts of the market. Market capitalisation edged higher in tandem, underscoring marginal value accretion on the trading floor.
Sector Performance
Sectoral performance was largely mixed during the session. Data from the NGX showed that the Oil & Gas, Consumer Goods, and Insurance indices closed in negative territory, weighed down by profit-taking activities in select counters within the sectors.
Despite the sectoral pullback, gains recorded in some banking and financial services stocks helped support the overall market close.
Market Breadth and Price Movers
Market breadth closed positive, with 39 stocks recording price appreciation, compared with 25 decliners, signalling broader participation on the gainers’ side.
NPF Microfinance Bank Plc led the gainers’ chart, rising by the maximum 10 per cent to close at its upper price limit. It was followed by DEAP Capital Management & Trust Plc, which also advanced by 10 per cent.
On the losers’ table, ALEX Plc topped the chart after shedding 9.95 per cent, while Jaiz Bank Plc followed closely with a 9.88 per cent decline, reflecting sustained selling pressure in the stock.
Trading Activity
Trading activity improved during the session, with total market volume rising by 15 per cent to 724 million shares, exchanged in deals valued at ₦19.8 billion, according to NGX trading statistics.
Tantalizers Plc emerged as the most actively traded stock by volume, recording 86.9 million shares traded. In terms of value, Guaranty Trust Holding Company (GTCO) Plc led the market, with transactions worth ₦3.79 billion, highlighting continued investor interest in tier-one banking stocks.
