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NGX Market Wrap: NCR Nigeria, McNichols Lead Gains as Trading Volume Surges
Wednesday’s session sees 822 million shares traded with a 25% increase in turnover, while blue-chip stocks shine
The Nigerian Stock Exchange (NGX) ended Wednesday, January 21, 2026, on a steady note, with investors showing renewed interest in high-performing equities.
A total of 822.7 million shares changed hands across 43,514 deals, valued at NGN 24.93 billion, marking a 3% increase in trading volume and a 25% jump in turnover compared with the previous session. Market capitalization closed at NGN 106.5 trillion.
Out of 130 equities traded, 54 advanced while 24 declined, highlighting selective investor optimism in blue-chip and high-volume stocks.
Top Gainers:
| Company | Closing Price (₦) | Change (%) |
|---|---|---|
| NCR Nigeria | 171.05 | +10.00 |
| McNichols | 10.0* | +10.00 |
| RT Briscoe | 10.0* | +10.00 |
| Jaiz Bank | 9.99* | +9.99 |
Top Losers:
| Company | Closing Price (₦) | Change (%) |
|---|---|---|
| UPDC REIT | 8.40 | -9.68 |
| Champion Breweries | - | -9.31 |
| Secure Electronic Technology | - | -6.78 |
| Coronation Insurance | - | -6.69 |
*Exact closing prices for some gainers were not disclosed but reflected 10% gains.
High trading volumes were recorded by Zichis Agro Allied Industries (69.2 million shares), Secure Electronic Technology (54.8 million), Access Holdings (40.1 million), and Zenith Bank (38.1 million).
The NGX All-Share Index (ASI) inched up 10.77 points (0.01%) to 166,267.60, representing a 1-week decline of 0.3%, a 4-week gain of 9.35%, and a year-to-date rise of 6.85%.
Other indices recorded minor moves:
- NGX Top 30: -0.09%
- NGX Pension Index: +0.11%
- NGX Industrial Index: +0.09%
- NGX Premium Index: +0.03%
- NGX Consumer Goods Index: +0.03%
- NGX Main Board Index: -0.06%
Market analysts said today’s trading underscores investor confidence in select high-performing stocks, while losses in REITs and certain industrial stocks reflect continued caution in sectors sensitive to economic pressures.
Overall, Wednesday’s session demonstrated resilience in the Nigerian capital market, with higher turnover signaling strong liquidity and active participation as investors navigate both domestic and global market developments.
