Eighty stocks gain, 17 lose as market closes week in green

In the trading week ended Friday January 16, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and market capitalisation increased by 2.36 percent and 2.48 percent respectively to close at 166,129.50 points and N106.354 trillion respectively.

Similarly, all other indices finished the review week higher with the exception of NGX AFR Div Yield index which depreciated by 0.15 percent.

Eighty (80) equities appreciated in price during the review week, lower than eighty-four (84) equities in the preceding week. Seventeen (17) equities depreciated in price, lower than twenty-two (22) equities in the preceding week, while fifty (50) equities remained unchanged, higher than forty-two (42) recorded in the preceding week.

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The market recorded total turnover of 4.607 billion shares worth N130.636 billion in 263,439 deals in contrast to a total of 4.164 billion shares valued at N94.026 billion that exchanged hands the preceding week in 248,254 deals.

The Financial Services Industry (measured by volume) led the activity chart with 3.126 billion shares valued at N47.225 billion traded in 94,186 deals; thus contributing 67.84 percent and 36.15 percent 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, and 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 (measured by volume), accounted for 1.406 billion shares worth N9.735 billion in 11,732 deals, contributing 30.52 percent and 7.45 percent to the total equity turnover volume and value, respectively.

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The NGX has delisted the shares of ASO Savings and Loans Plc. The delisting effective January 16 was in the public interest as a result of the revocation of the Company’s operating license by its primary regulator, the Central Bank of Nigeria (CBN), effective December 16, 2025.

TAGGED:BDrecent Nigerian Exchange Limited (NGX)

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ByIheanyi Nwachukwu

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Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.