MON JAN 26 2026-theGBJournal| Nigerian equities were relatively flat on Monday as more corporates announce their earnings on the floor of the NGX Exchange.
Gains were recorded for UBA (+1.3%), ETI (+2.1%), and SKYAVN (+9.9%) amid losses in TRANSCORP (-2.4%), DANGSUGAR (-2.4%) and STERLINGNG (-6.7%).
As a result, the benchmark All-Share Index remained unchanged at 165,517.56 points, with the Year-to-Date returns firming at +6.3%.
The total volume traded declined by 17.8% to 601.65 million units, valued at N17.30 billion, and exchanged in 58,429 deals.
CHAMS was the most traded stock by volume at 41.57 million units, while GEREGU was the most traded stock by value at N2.78 billion.
Sectoral performance was mixed as the Consumer Goods (+0.2%) index advanced, while the insurance (-1.4%) index declined. The Industrial Goods, Oil & Gas and Banking indices closed flat.
As measured by market breadth, market sentiment was neutral (1.0x), as 35 tickers gained relative to 35 losers.
NPFMCRFBK (+10.0%) and MORISON (+10.0%) led the gainers, while MAYBAKER (-10.0%) and NEIMETH (-9.8%) posted the most significant losses of the day.
At the foreign exchange market, the naira appreciated by 0.5% to N1,416.50 vs USD at the NAFEM window, recovering after weakening to N1,421.63/US$ from N1,417.95/US$ at close of trade last Friday.
Meanwhile, the CBN’s gross foreign exchange reserves rose to US$46.01bn from
US$45.86 billion, marking an increase of US$151.87 million or 0.33% over the week, with reserves recording consistent day-to-day accretion throughout the period.
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