Nigeria's stock market roared into the week Monday, January 12, with investors banking N745 billion gains as market cap rocketed 0.58% to N104.52 trillion, All-Share Index leaping 946 points to 163,244 amid broad buying frenzy. Etranzact, Red Star Express, McNicholas, RT Briscoe, and Deap Capital topped advancers at 10% pops each, fueled by UBA's 3.16 billion share listing boost and bargain hunts eyeing corporate earnings pops post-holiday. Volume exploded to 1.15 billion shares worth N19.23 billion across 59k deals, Sovereign Trust leading trades while Fidelity topped value – banking, oil&gas, consumer goods all green.
The rally caps a monster N3.84tn weekly haul to N103.78tn Friday, YTD up 4.43% on sentiment waves from Tinubu reforms, CBN rate holds, and FX calm whispers. Losers like Champion Breweries (-8.51%) and Eunisell (-8.01%) shrugged off by 50 gainers to 20 decliners, analysts hailing "renewed confidence" sans inflation bites. Naija bourse flips 2025 blues, streets eye sustained bulls amid EFCC cleanups and agro pushes.
X buzz ties gains to Trump oil vibes and ADSW hopes, but bears lurk on global crude dips. NGX momentum rolls – N100tn breached, investors feast. Equities empire expands.