…MTN Nigeria (MTNN): Closed at 550.00 NGN, seeing a significant gain of +39.00
…NASD Securities Index (NSI) and market capitalisation advanced by 0.13% to close at 3,665.68 points and N2.19 trillion
SAT JAN 10 2026-theGBJournal| Nigerian stocks rose to new highs on Friday as investors recalibrate risk appetite amid evolving macroeconomic signals and ahead of December inflation print.
With investors adopting a risk‑on stance ahead of full‑year earnings, the NGX benchmark All-Share index gained 3.71% w/w to close at 162,298.08 points, notching a new record.
Similarly, all other indices finished higher with the exception of NGX Sovereign Bond index which closed flat.
Market on Friday was also focused on bargain-hunting, and targeted MTNN (+7.63% w/w), SEPLAT (+10.00% w/w), WAPCO (+11.5%), PRESCO (+12.8%) and GTCO (+7.48% w/w) whose stocks soared to end the first week with big gains.
These gains outweighed losses in FIRSTHOLDCO (-5.53% w/w), ACCESSCORP (-1.52% w/w), and HONYFLOUR (-2.17% w/w).
Consequently, the year-to-date (YTD) return rose to 4.30% from 3.70% recorded in the prior session, while the market capitalization gained N3.84 trillion w/w to close at N103.78 trillion.
Friday, the NGX closed 0.93% stronger, buoyed by interests in MTNN (+7.63%), BETAGLASS (+9.87%), and CAP (+8.90%), which offset selloffs in UACN (-4.38%), IKEJAHOTEL (-7.62%) and ETERNA (-5.91%), keeping the market in the positive terrain.
Analysis of market activities on Friday also showed trade turnover was mixed relative to the previous session, with the value of transactions up by 12.61%.
A total of 624.08 million shares valued at N18.52 billion were exchanged in 43,816 deals.
ETRANZACT (+9.89%) led the volume chart with 72.95 million units traded, while UNILEVER (+3.27%) led the value chart in deals worth N1.79 billion.
Overall, Market breadth closed positive at a 1.66-to-1 ratio with advancing issues outnumbering the declining ones. Eighty-four equities appreciated in price during the week, higher than seventy-three equities in the previous week.
Twenty-two equities depreciated in price, lower than twenty-three equities in the previous week, while forty-two equities remained unchanged, lower than fifty-one recorded in the previous week.
Meanwhile, the NASD OTC Market also sustained its bullish momentum, as the NASD Securities Index (NSI) and market capitalisation advanced by 0.13% to close at 3,665.68 points and N2.19 trillion, respectively.
Market activity declined, as trading volume dropped by 10.62% and transaction value dropped by 34.62%, reflecting a decline in the market participation for today’s session.
On the performance board, SDCSCSPLC (+1.04%) led the advancers, while SDFOODCPT (-11.11%) recorded the highest decline during the session.
Key Market Highlights:
-MTN Nigeria (MTNN): Closed at 550.00 NGN, seeing a significant gain of +39.00.
-Airtel Africa: Maintained its position at 2,270.00 NGN.
Banking Sector: * GTCO and ACCESSCORP saw marginal gains.
-UBA experienced a slight dip to 44.00 NGN.
-Zenith Bank remained steady at 67.00 NGN.
Industrial Goods: Dangote Cement and BUA Cement held firm at 635.00 NGN and 183.00 NGN respectively.
The data reflects the market close as of Friday, January 9, 2026.-Source: NGX Exchange.
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