…The NASD market also closed on a bearish note, with the NASD Securities Index (NSI) and market capitalisation declining by 0.05%
TUE JAN 20 2026-theGBJournal| The Nigerian equities slid on Monday, as the All-Share Index’s fell 0.01% to 166,112.50, driven by losses in GTCO (-1.6%), FIRSTHOLDCO (-1.9%) and NB (-4.0%).
The Month-to-Date and Year-to-Date returns settled at +6.8%, while market capitalisation also marginally declined depreciating by N10.90 billion to settle at N106.34 trillion.
The total volume traded advanced by 16.6% to 629.60 million units, valued at N14.75 billion, and exchanged in 59,359 deals. The 16.6% increase in volume was driven heavily by NSLTECH and Access Holdings, indicating robust liquidity and active repositioning rather than a broad retreat.
The performance, underlined by strong gains in stocks like NCR and Champion Breweries offset by sharp losses in others, and points to highly selective profit-taking and sector rotation, particularly within the banking (FUGAZ) and heavyweight (SWOOT) segments.
This suggests the market is pausing to digest its recent strong year-to-date gains, with investors discriminating between overstretched and still-undervalued counters.
NSLTECH was the most traded stock by volume at 83.31 million units, while ZENITHBANK was the most traded stock by value at N1.57 billion.
Sectoral performance was mixed as the Consumer Goods (-0.3%), Industrial Goods (-0.3%), and Oil & Gas (-0.1%) indices declined, while the Banking (+0.7%) and Insurance (+0.3%) indices advanced.
As measured by market breadth, market sentiment was positive (1.9x), as 43 tickers gained relative to 23 losers.
LEARNAFRCA (+10.0%) and CHAMPION (+10.0%) led the gainers while IMG (-10.0%) and HMCALL (-9.9%) posted the most significant losses of the day.
The NASD market also closed on a bearish note, with the NASD Securities Index (NSI) and market capitalisation declining by 0.05%, to close at 3,667.22 points and N2.19 trillion respectively.
The market activity appreciated notably, with transaction volume and value rising by 642.23% and 288.00% respectively.
SDAIRLIQ (+9.09%) topped the market gainers while, SDFCWAMCO (-1.75%) topped the decliners in today’s session.
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