The Nigerian Exchange delivered a strong start to 2026, gaining 6.27% in January as the All-Share Index rose by 9,757.4 points to close at 165,370.4.
This performance is a big step up from January 2025, when the index gained just 1.53%, showing stronger early-year momentum as market value climbed to N106.1 trillion.
Beyond price gains, trading activity improved, with over 15 billion shares exchanged versus 12 billion in January 2025, reflecting stronger investor participation.
The rally was driven by standout individual stocks, with the top 10 names posting gains of over 80%, highlighting the breadth of the market’s advance.
During the first three trading weeks of January, the market pushed the index above 166,000 for the first time ever, before a mild pullback in the final two weeks trimmed some gains.
Still, despite the late-month decline, returns among the top-performing stocks remained exceptional. Here are the top 10 stocks.
RT Briscoe Plc claimed the sixth spot, delivering a 124.57% return to investors in January 2026. The stock opened the month at N3.50 and closed at N7.86, with over 81 million shares traded.
Trading was active across all five weeks, with the fourth and final weeks driving most of the gains, rising 40.71% and 31.44% respectively.
Strong financial results likely fueled investor interest.
In 2025, revenue surged to N40.4 billion from N28.6 billion, while pre-tax profit jumped to N3.08 billion from N1.025 billion.
On the balance sheet, retained losses narrowed to N9.7 billion from N12.6 billion, and total assets grew to N14.9 billion from N12.6 billion.
The analysis above is quite impressive and mind blowing increase in the stock market industry.