The Nigerian Exchange Limited (NGX) recorded its strongest single-day performance on Friday, January 9, 2026, as rallying prices in five major stocks pushed market capitalization higher by N953 billion.
The surge was driven by notable gains in Industrial and Medical Gases, McNicholas, SCOA Nigeria, May and Baker, and FTN Cocoa Processors, supported by price increases in 43 other equities.
Following the rally, total market capitalization advanced by 0.93 percent, rising from N102.822 trillion at the opening of trade to N103.775 trillion at the close, adding N953 billion to investors’ portfolios.
The All-Share Index also appreciated by 0.93 percent, gaining 1,491.52 points to settle at 162,298.08, compared with 160,806.56 recorded in the previous session.
Market breadth closed firmly positive, with 48 stocks advancing against 28 losers, reflecting sustained buying interest across multiple sectors.
Industrial and Medical Gases, SCOA Nigeria, McNicholas, May and Baker, and FTN Cocoa Processors emerged as the day’s top gainers. In contrast, Aluminium Extrusion Industries led the decliners, shedding 9.91 percent to close at N19.10, while Austinlaz, Sovereign Trust Insurance, and Prestige Assurance also ended lower.
Trading activity remained strong, with investors exchanging 624.1 million shares in 43,816 deals valued at N18.5 billion, compared with 645.1 million shares worth N16.4 billion in the previous trading session.