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The Nigerian Exchange Limited (NGX) experienced its most significant single-day increase in market capitalization on Friday, January 9, 2026, following gains in five key stocks that propelled the market by N953 billion.
This rally was fueled by substantial price increases in Industrial and Medical Gases, McNicholas, SCOA Nigeria, May and Baker, and FTN Cocoa Processors, along with gains in 43 additional equities.
Consequently, the total market capitalization rose by 0.93 percent, increasing from N102.822 trillion at the opening to N103.775 trillion by the end of trading, thereby adding N953 billion to investors’ wealth.
Similarly, the All-Share Index climbed by 0.93 percent, gaining 1,491.52 points to reach 162,298.08, up from 160,806.56 in the previous session.
Market sentiment remained optimistic, with 48 stocks showing gains compared to 28 that declined, reflecting a broad interest in buying across various sectors.
Industrial and Medical Gases, SCOA Nigeria, McNicholas, May and Baker, and FTN Cocoa Processors stood out as the top performers for the day.
Conversely, Aluminium Extrusion Industries led the losers, dropping 9.91 percent to close at N19.10, followed by Austinlaz, Sovereign Trust Insurance, and Prestige Assurance.
Trading activity resulted in 624.1 million shares exchanged over 43,816 deals, with a turnover value of N18.5 billion, compared to 645.1 million shares worth N16.4 billion in the prior session.
Frequently Asked Questions
What caused the significant increase in market capitalization on January 9, 2026?
The increase was primarily driven by strong price appreciation in key stocks such as Industrial and Medical Gases, McNicholas, SCOA Nigeria, May and Baker, and FTN Cocoa Processors, alongside gains in 43 other equities.
How much did the All-Share Index rise during this trading session?
The All-Share Index rose by 0.93 percent, gaining 1,491.52 points to settle at 162,298.08.
What was the trading volume and turnover value on that day?
On that day, 624.1 million shares were exchanged across 43,816 deals, with a turnover value of N18.5 billion.
Eze Chidiebere Paul
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