On Wednesday, January 28, 2026, the Nigerian Alternate completed buying and selling within the purple, shedding 549.4 factors to shut at 165,164.4.
Representing a 0.33% decline from the earlier session’s shut of 165,713.8, the index struggled to carry above the 165,000 stage.
Buying and selling exercise improved throughout the session, with complete quantity rising to 623 million shares, up from 483 million shares recorded the day past, executed throughout 42,172 offers.
Nevertheless, market capitalisation dipped to N105.7 trillion from N106 trillion, reflecting the broad-based weak spot in costs throughout the session.
Buying and selling knowledge exhibits that the All-Share Index slipped into its first bearish flip within the week after a number of classes of stalling, trimming its year-to-date return to six.14% from 6.49% the day past.
Features have been concentrated in a couple of counters, with UHOMREIT and DEAPCAP main the gainers’ chart after every rose by 9.97%.
On the flip facet, promoting stress was most pronounced in RT Briscoe and Might & Baker, which topped the decliners’ desk with losses of 9.97% and 9.96%, respectively.
By worth, Zenith Bank dominated transactions with trades price N2.3 billion, carefully adopted by Aradel at N2.2 billion and GTCO at N2.1 billion.
MTN Nigeria and Entry Holdings accomplished the highest 5 in worth phrases, with N1.5 billion and N757.4 million price of shares exchanged.
Buying and selling amongst SWOOTs—shares with market capitalisation above N1 trillion—tilted bearish throughout the session.
FUGAZ banking shares, then again, posted combined performances.
The market’s early pullback indicators cautious investor sentiment, as merchants await clearer path from mid- and large-cap shares.
The Nigerian inventory market is presently experiencing a bearish pullback, possible in the type of a value retracement.
Nevertheless, the depth of this retracement will rely on how shortly bullish sentiment returns to mid- and large-cap shares, doubtlessly supported by an influx of optimistic full-year 2025 earnings outcomes.
