THUR JAN 29 2026-theGBJournal| The Nigerian equities market closed the trading session on Thursday on a mildly positive note, reflecting cautious investors sentiment.
The All-Share Index rose by 0.2% to 165,527.31 points, lifting total market capitalization to N105.98 trillion.The Year-to-Date returns settled higher also at +6.4%.
”The marginal gain indicates selective accumulation rather than a broad-based rally,” says VNL Capital Research.
FIRSTHOLDCO (+3.3%), TRANSCORP (+1.0%), and INTBREW (+3.6%) shares rose, just as the total volume traded increased by 11.0% to 691.42 million units, valued at N15.37 billion, and exchanged in 38,665 deals.
Buying interest was concentrated in a few mid- and small cap stocks such as RTBriscoe, DEAP Capital Management Trust, SCOA Nigeria and Veritas Kapital, suggesting investors are positioning in undervalued counters.
CUTIX was the most traded stock by volume at 144.62 million units, while GEREGU was the most traded stock by value at N2.78 billion.
Sectoral performance was broadly positive as the Banking (+0.7%), Insurance (+0.6%), Consumer Goods (+0.5%) and Oil & Gas (+0.1%) indices advanced, while the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.6x), as 41 tickers gained relative to 26 losers.
RTBRISCOE (+10.0%) and SCOA (+9.9%) led the gainers, while HMCALL (-9.8%) and UNIONDICON (-9.8%) posted the most significant losses of the day.
Meanwhile, the naira rose to a multi-year high against the U.S dollar, strengthening by 1.2% to N1,384.00/US$1 at the NAFEM window, pointing to improved FX liquidity and reduced volatility.
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