Nigerian Equities Market Declines by N394 Billion in Weekly Trading
The Nigerian equities market witnessed a sharp decline as the Nigerian Exchange Group (NGX) lost N394 billion in market capitalization during the week ending on January 23, 2026. Market activities slowed down compared to the previous week, with investors engaging in profit-taking leading to a 19% drop in trade volume and a 23.6% fall in turnover value.
The financial services and industrial sectors led the trading activities, with notable gains seen in companies like Deap Capital Management Trust Plc, SCOAN Nigeria Plc, and NCR Nigeria Plc. On the other hand, Eterna Plc recorded the largest weekly decline.
The market index closed lower, reflecting a 0.39% decrease, with market capitalization dropping to N105.959 trillion. Analysts attributed the weekly loss to profit-taking following a strong rally in several blue-chip stocks in the prior week, prompting caution among investors amidst macroeconomic uncertainties.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
Read full article
Continue on Punch Newspapers
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
NGX Declines as Profit-Taking Reduces Market Cap by N725bn
Nigerian Stock Market Loses N1.40 Trillion Amid Selling
Nigerian Equity Market Loses N101 Billion Amid Profit-Taking
Nigerian Equity Market Loses N472 Billion Amid Bearish Trend
Nigerian Equities Market Declines by N74 Billion
NGX Starts Week in Red, Market Capitalization Falls by N10.9 Billion
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
