The Nigerian Exchange Group (NGX) All-Share Index closed the week at 198,407.30, marking a 0.73 per cent increase from the previous week’s 196,968.15. Correspondingly, total market capitalisation rose to N127.361 trillion from N126.437 trillion, elevating the aggregate value of listed equities by N924 billion.
The broad index gain was driven by positive performance in several key sectors. The NGX Main Board, NGX 30, Consumer Goods, Oil and Gas, Industrial Goods, Sovereign Bond, and Pension Broad indices all appreciated, with Industrial Goods posting the strongest rise at 5.73 per cent. Only a handful of indices finished lower.
Trading activity declined compared to the prior week. Investors exchanged 3.321 billion shares valued at N164.845 billion across 318,907 deals, down from 3.695 billion shares worth N177.687 billion in 370,980 deals.
Activity was heavily concentrated in the Financial Services Industry, which accounted for 65.61 per cent of total equity volume and 36.28 per cent of traded value, with 2.179 billion shares worth N59.809 billion changing hands in 124,992 deals. The Oil and Gas and Consumer Goods industries followed as the next most active sectors.
Trading in Access Holdings Plc, Fortis Global Insurance Plc, and First Holdco Plc dominated volume and value, contributing 20.39 per cent and 8.83 per cent to total equity metrics, respectively.
Price movements remained mixed, with 34 equities appreciating, 61 declining, and 53 unchanged. Premier Paints Plc led gainers, adding N4.80, while SCOA Nigeria Plc was the biggest loser, shedding N11.70. Other notable gainers included Conoil Plc (+N35.40) and BUA Cement Plc (+N45), while Fortis Global Insurance Plc and Sovereign Trust Insurance Plc featured among the top losers.
In corporate actions, the NGX notified trading licence holders of the rights issue for Linkage Assurance Plc. The offer consists of 12.3 billion ordinary shares at N1.32 each on a two-for-three basis, relating to holdings as of January 22, 2026. Trading in the rights issue commenced on Wednesday.
The week’s performance underscores a cautiously optimistic sentiment on the bourse, with significant investor gains amid reduced overall trading activity. The upcoming Linkage Assurance rights issue now represents a key focal point for market participants.
