The Nigerian equities market closed the week ended 9 January 2026 firmly in positive territory, as the NGX All-Share Index rose by 3.71% to 162,298.08 points. Market capitalisation increased to about ₦103.78 trillion, reflecting improved investor sentiment despite lower trading volumes.
Multiverse Mining & Exploration Plc led the gainers with a 59.73% jump, followed by McNichols Plc (+53.20%) and May & Baker Nigeria Plc (+51.58%). Other notable gainers included Deap Capital, Neimeth International Pharmaceuticals, Fidson Healthcare, and UPDC REIT, all posting double-digit increases.
On the downside, Aluminum Extrusion Industries Plc topped the losers’ chart, while stocks such as Austinlaz, Sovereign Trust Insurance, and Ikeja Hotel also closed lower.
Sector indices closed broadly higher, led by Insurance, Industrial Goods, and Oil and Gas stocks.
Analysts attribute the rally to renewed buying interest and bargain hunting, though they caution that subdued trading activity could limit upside in the near term. Visit www.jocomms.com for more news.