The NGX AII -Share Index and Market Capiyilization appreciated by 2.36% and 2.48% to close at 168,129.50 and N106.354 trillion respectively.
A total turnover of 4.607 billion shares worth N130.636 billion in 263,439 deals was traded this week by investors on the floor of the Exchange ,in contrast to a total of 4,164 billion shares valued at N94.026 billion that exchanged hands last week in 248,254 deals.
The financial services continue to lead the activity charge WoW.
It shows that our financial system has come of age and is quite resilient.
The banking capitalization will soon end, while other institutional houses are gearing up, even all Capital Market operators are not spared.
It is all in a bid to have a more robust, transparent and global financial landscape in the biggest country in Africa.
The trading activities in the banking sector in the week ended 9th January 2026 ended bullish as the sector as the sector gained 3.07% in market value.
Notably Wema Bank was up by 2.0% in a bullish run for the third consecutive weeks bringing the year to date to 12.29% in price appreciation.
The trading activities in Wema Bank Share’s saw 61,133,206 units of shares exchanged hands between buyers and sellers as against previous week’s 67,162,602 units of shares exchanged hands.
In conclusion, Wema is still the investors toast, we hope we are able to keep on the buying pressure, while awaiting an exceptional end of year results.
(BUY AND HOLD)
Tunde Sobamowo
Financial Advisor
Global Asset Management (Nig.) Limited.
https://globalasset-ng.com
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