January 26, (THEWILL) — The Nigerian equities market recorded a largely stable session on Monday, with the market opening at N105.959 and closing marginally higher at N105.962.
The NGX All-Share Index (ASI) similarly edged up, opening at 165,512.18 and closing at 165,517.56.
Market breadth was almost evenly split, with 35 gainers recorded against 36 losers, reflecting a market in cautious equilibrium as investors weighed sectoral opportunities against broader macroeconomic concerns.
Top Gainers
• NPFMCRFBK increased by 10.00 percent (N5.10 to N5.61)
• MORISON 9.97 percent (N7.52 to N8.27)
• UHOMREIT grew by 9.95 percent (N71.35 to N78.45)
• DEAPCAP advanced 9.94 percent (N7.14 to N7.85)
• ZICHIS gained 9.92 percent (N2.62 to N2.88)
Top Losers
• MAYBAKER decreased by -10.00 percent (N43.50 to N39.15)
• NEIMETH dropped -9.81 percent (N13.25 to N11.95)
• ABCTRANS fell by -9.33 percent (N5.68 to N5.15)
• CWG lost -9.05 percent (N24.30 to N22.10)
• SOVRENINS -8.97 percent (N3.79 to N3.45)
Stocks that remained unchanged included Firstholdco Plc, MTN Nigeria Communications, Dangote Cement, Seplat Energy, and Lafarge Africa, indicating pockets of stability across key sectors.
Investor Sentiment and Outlook
The mixed performance reflects a cautious investor approach, balancing opportunities in strong gainers with caution over recent macroeconomic developments.
Analysts suggest that activity may remain selective in the next session, with investors keeping a close eye on corporate earnings and broader economic indicators.
Ogochukwu Onwaeze
