The Nigerian Exchange (NGX) closed trading on Tuesday, January 27, 2026, on a positive note as gains in mid-cap stocks, real estate investment trusts, and exchange-traded products lifted overall market performance.
The All-Share Index (ASI) rose by 0.12 percent to 165,713.82 points, up from the previous session’s close, while equity market capitalisation increased to ₦106.09 trillion.
Trading Activity Moderates
Market participation softened compared with the previous trading day, though value traded remained resilient.
The decline in volume and deal count points to cautious positioning, with investors concentrating on specific stocks rather than broad market exposure.
Mid-Cap Stocks and REITs Drive Gains
Buying interest was concentrated in mid-cap stocks and income-generating real estate assets.
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SCOA Nigeria gained 9.94 percent to close at ₦28.75
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UHOMREIT advanced 9.94 percent to ₦86.25, extending its strong run
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Deap Capital Management & Trust rose 9.94 percent
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Morison Industries added 9.92 percent
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RT Briscoe climbed 9.89 percent
The continued rally in these names reflects sustained appetite for growth and yield-focused stocks amid broader market consolidation.
Sell Pressure Hits Insurance and Pharmaceutical Stocks
Profit-taking weighed on several insurance and pharmaceutical counters.
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Austin Laz declined 9.96 percent
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Neimeth Pharmaceuticals fell 9.62 percent
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Prestige Assurance shed 7.37 percent
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Afrinvest Prudential dropped 6.96 percent
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Veritas Kapital closed lower by 6.86 percent
The declines followed recent rallies in some of the affected stocks, indicating selective profit-taking rather than sector-wide weakness.
GTCO, Access Lead Trading by Value
Trading activity remained concentrated in financial services and selected consumer names.
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Access Holdings topped the volume chart with 26.46 million shares
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GTCO led the value table with transactions worth ₦2.49 billion
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NSLTech, Japaul Gold, and Tantalizers also featured among the most actively traded stocks
The continued dominance of banking stocks highlights sustained institutional participation despite lower overall turnover.
Bonds Flat, ETFs Extend Rally
The fixed-income segment recorded no price movement across traded Federal Government bonds, reflecting a pause in bond market activity.
In contrast, exchange-traded products continued to attract strong inflows.
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SIAMLETF40 advanced by 598.34 points
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NEWGOLD rose to ₦97,000.00
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Stanbic ETF30, MERGROWTH, and GREENWETF all closed higher
The gains pushed ETF market capitalisation to ₦112.23 billion, underscoring growing investor preference for diversified and inflation-hedged instruments.
Market Outlook
The January 27 session reflects a continuation of the market’s selective recovery, with gains driven largely by mid-cap stocks, REITs, and exchange-traded products.
While overall activity moderated, the rise in market capitalisation and sustained ETF inflows indicate that underlying investor interest remains intact.
With equity market capitalisation holding above ₦106 trillion, near-term market direction is expected to remain selective, with investors focusing on income-generating assets, growth-oriented mid-caps, and liquid banking stocks as the market awaits fresh catalysts.