In an update published by Daily Post, the Nigerian Exchange (NGX) continued its positive run on Tuesday as investors saw their wealth grow by N126 billion. The market capitalization rose to N106.088 trillion, driven by strong buying interest in medium and large-cap stocks. The All-Share Index (ASI) advanced by 0.12 percent, reflecting a sustained optimism among domestic institutional investors and retail traders alike.
The rally was spearheaded by gains in the real estate and financial services sectors, with firms like Union Homes and Access Corporation recording significant trading volumes. Despite a slight decline in overall trading volume compared to previous sessions, the transaction value remained high, suggesting that high-value trades are dominating the market floor.
Leadership noted that the market performance was “largely driven by renewed buying interest in the banking sector,” specifically naming GTCO and Access Bank as key drivers. The Nation further validated the trend, reporting that “the Nigerian stock market has remained resilient despite global economic shifts,” attributing the growth to local pension fund activity.
Echotitbits take: The dominance of domestic investors is a double-edged sword; it provides stability against global shocks but may limit the market’s total growth potential. Watch for any moves by the NGX to attract more foreign portfolio investors later in the year.
Source: The Nation – https://thenationonlineng.net/stock-markets-capitalisation-rises-to-n127tr/ January 28, 2026
Photo Credit: The Nation
