Yesterday, January 5, 2026, the Nigerian Stock Market achieved a significant milestone: for the first time ever, its market value exceeded N100 trillion.
Following a robust rally, equity capital increased from N99.90 trillion to N101.5 trillion. As investors bought into mid- and large-cap counters, the market, which was tracked by the All-Share Index (ASI), jumped 2,725.8 points, or 1.74%, to close at 159,218.2, up from 156,730.7.
Positive sentiment and stocks reaching the 10% daily gain limit are driving this steady momentum, which puts the ASI within striking distance of the 160,000-point mark.
However, strong investor confidence is evident in the market’s 1.74% daily gain; the ASX 200 is now firmly above 6,000, bringing the year-to-date return to 2.32%. NSLTECH, Champion, Fidson, and other top gainers all exceeded the daily gain cap of 10%.
Juli and Ikeja Hotels saw the biggest declines, falling 9.93% and 9.91%, respectively. With 71.7 million and 53.3 million shares traded, respectively, Tantalizer and Zenith Bank led the surge in trading volume. With N3.5 billion in transactions, Zenith Bank led the field, followed by WAPCO with N2.5 billion and Aradel with N1.5 billion.
There was a lot of interest in large-cap stocks during the session.
Nigerian Breweries saw a 4.28% increase, International Breweries saw a 6.67% gain, and Aradel saw a 7.18% increase among the SWOOTs (stocks valued at more than one trillion naira). Accesscorp increased 8.7%, Zenith Bank increased 3.88%, and GTCO and UBA both reported significant increases of 5.09% and 6.63%, respectively, on the FUGAZ list, which comprises important financial stocks.
Among the top 5 gainers were:
- NSLTECH: N0.88, up 10%
- CHAMPION: N15.40, up 10%
- FIDSON: Up to N60.50 by 10%
- MAYBAKER: N20.90, up 10%
- PZ: 10% higher at N49.50
The top five losers:
- JULI: N7.26, down 9.93%
- IKEJA HOTEL: N40.45, down 9.91%
- SUNUASSUR: At N5.25, down 4.55%
- SOVRENINS: N3.72, down 2.36%
- BERGER: N47.00, down 2.08%
It is expedient to know that with widespread gains in a number of industries, including consumer goods, banking, and energy, this impressive performance shows that investor optimism is still high. The market’s ongoing upward trend, particularly in heavyweight stocks, indicates that institutional investors are coming back after the holiday season, paving the way for a potentially successful start to 2026.
BrandSpur business and economy news desk reports that in addition to giving investors a psychological boost, breaking the N100 trillion market cap threshold will indicate continued market strength in the future.
