…Positive sentiment was driven by strong buying interest in select industrial and tier-one banking stocks
…NASD Securities Index (NSI) and total market capitalisation declining by 0.39%
TUE JAN 13 2026-theGBJournal| Nigerian stocks began the new trading week in positive territory on Monday as investors rebalance portfolio while bargain-hunting in fundamentally strong stocks ahead of full-year earnings releases and dividend payouts.
The benchmark NGX All-Share Index (ASI) advanced by 0.58% to close at 163,244.69 points, lifting the year-to-date return to 4.90% from 4.30% in the previous session.
Market capitalisation also edged higher, increasing by N7.45 billion to N104.52 trillion.
Positive sentiment was driven by strong buying interest in select industrial and tier-one banking stocks, notably WAPCO (+6.00%), NCR (+9.94%), and FIRSTHOLDCO (+5.21%).
These gains more than offset losses recorded in EUNISELL (-8.01%), IKEJAHOTEL (-8.00%), and DANGSUGA (-2.11%).
Market activity improved notably, with transaction volume and value rising by 84.17% and 3.84%, respectively.
SOVRENINS (+0.89%) led the volume chart with 307.47 million shares traded, while FIDELITYBK topped the value chart with N3.14bn worth of transactions.
Market breadth was robust at 2.50x, reflecting a significantly higher number of advancers than decliners.
ETRANZACT (+10.00%) and five (5) others led the 50 gainers, while CHAMPION (-8.51%) topped the 20 decliners, with the remaining stocks closing flat.
Meanwhile, the NASD OTC Market opened the week on a bearish note, with both the NASD Securities Index (NSI) and total market capitalisation declining by 0.39% to close at 3,651.48 points and N2.18 trillion, respectively.
Market activity strengthened during the session, as trading volume and value surged by 826.00% and 579.11%, respectively, indicating increased turnover from a low prior base.
On the performance board, SDAFRILAND (+9.06%) led the market advancers, while SDUBNPROP (-6.80%) emerged as the top decliner for the day.
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