Chai! Na serious wah o! For last week, Naija stock market take sharp pullback like say dem wan rush chop beans. Investors no dey sleep as dem dey carry their profit comot, and as e be, Nigerian Exchange Limited lose N394 billion for market capitalisation. E be like say goment dey flex low key, as market activity slow down well well compared to the previous week.
As per the weekly market report wey land on January 23, 2026, e show say over 3.748 billion shares worth N99.865 billion change hand for 237,179 deals. Na big drop wey come from 4.607 billion shares valued at N130.636 billion wey dey transact for 263,439 deals the week before. E mean say trading volume drop by 19 per cent and turnover value plus drop 23.6 per cent. E no easy o!
The Financial Services Industry na di kain area wey lead trading activity, as dem account for 1.742 billion shares wey worth N44.893 billion wey dey change hand for 90,589 deals. If you check am, na almost 46.49 per cent of total market volume and 44.95 per cent of total market value. The Services Industry come follow with 707.617 million shares worth N4.379 billion for 18,322 deals, while ICT sector record 303.216 million shares wey worth N5.932 billion for 24,107 deals. Na wah!
For di top equity performers side, we see Secure Electronic Technology Plc, Tantalizers Plc, and Access Holdings Plc shine bright like say dem don born for disco, with a combined 734.086 million shares valued at N5.720 billion. Dem dey hold almost 20 per cent of total turnover volume. But no be only wahala o, we get small winners wey dey make sense still. DEAP Capital Management & Trust Plc don increase by 60.09 per cent, to close at N7.14, while SCOA Nigeria Plc don rise 59.73 per cent to N23.80. NCR Nigeria Plc also dey chop ground with 46.36 per cent gain na N188.15. Na real gbege!
For di other side, Eterna Plc na the king of the losers, as dem lose 11.92 per cent to close at N28.45. Secure Electronic Technology Plc sef wan join, as e fall 10.19 per cent to N0.97. Industrial and Medical Gases Nigeria Plc and Aluminium Extrusion Industries Plc shake body as dem both lose 9.95 per cent too. Others wey dey join dem for this wahala na UPDC Plc, Coronation Insurance Plc, Nigerian Breweries Plc, Transnational Corporation Plc, and the rest.
As e be now, di All-Share Index finish for 165,512.18, wey show a small decline of 0.39 per cent, while market capitalisation drop to N105.959 trillion, down 0.37 per cent from di week wey don pass. Sectoral performance get mix balance, as NGX Oil & Gas, NGX Lotus II, NGX Growth, and NGX Commodity indices dey shine with gains of 1.36 per cent, 0.37 per cent, 6.27 per cent, and 0.79 per cent respectively. Analysts believe say di lose no be small matter, as e come from profit-taking after big gains for some blue-chip stocks last week.
Investor caution dey reign for market as dem dey feel di heat of di macroeconomic wahala wey dey affect sentiment. Na so both local and foreign investors dey try reduce dem exposure for top-performing stocks. For di report, dem talk say 58 equities see gain for di week, na down from 80 wey dem get the week before, and 40 equities wey dey decline don increase from 17. Fifty equities dey chill, no change at all. Dis whole matter just dey show how finance and service stocks dey dominate di market, while e dey remind us say we gatz dey careful as we dey navigate dis volatile terrain.
Analysts don advise make we maintain cautious optimism. Dey say profit-taking fit drop market for now, but di fundamentals for key sectors still dey strong. Abeg, make we dey watch am well well as we dey enter new week!
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