The Nigerian Exchange (NGX) has kicked off 2026 with remarkable momentum, as equities market capitalisation crossed the N100 trillion threshold for the first time.
Okay News reports that capitalisation rose from N99.94 trillion on January 2 to N101.81 trillion by January 5, gaining N1.87 trillion in just two trading sessions.
In dollar terms, the market advanced from $69.61 billion to $71.15 billion.
The All-Share Index climbed 1.74 per cent in the latest session, pushing year-to-date returns to 2.32 per cent.
The surge reflects strong buying interest and the traditional “January Effect,” where investors reposition portfolios at the year’s start.
Market breadth was overwhelmingly positive at 9.13:1, with 73 stocks advancing against eight decliners, indicating broad-based participation.
Standout gainers included Cadbury Nigeria, Fidson Healthcare, and Champion Breweries.
Trading volume surged 58.13 per cent to 695.64 million shares, though value declined 25.57 per cent to N18.57 billion across 56,606 deals.
Year-to-date turnover reached N43.52 billion.
Zenith Bank led by value with N3.51 billion traded, followed by WAPCO (N2.56 billion) and Aradel Holdings (N1.57 billion), while Access Holdings and GTCO featured prominently.
Fixed income capitalisation held steady at N51.48 trillion, while exchange-traded funds grew to N50.45 billion, highlighting diversified investor interest.
NGX Group Managing Director Temi Popoola hailed the milestone as evidence of renewed confidence, driven by market depth, resilience, and improving macroeconomic conditions.
He credited closer collaboration with policymakers and the Securities and Exchange Commission for enhanced transparency, liquidity, and investor protection.
Nigerian Exchange Limited CEO Jude Chiemeka noted robust participation across banking, industrial, and consumer sectors, supported by rising volumes.
The early-year rally underscores optimism for sustained growth amid ongoing structural reforms.
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