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.
Omatek Ventures Plc secured the fourth position on the list, surging 165.49% from N1.13 at the start of January 2026 to close the month at N3.00.
During the month, over 207 million shares changed hands, a volume three times higher than what was recorded in December 2025.
Trading activity was strong throughout all five weeks, with the bulk of the gains coming in the third and final weeks. The last week stood out in particular, recording a weekly volume of 89 million shares as the stock price climbed sharply.
The analysis above is quite impressive and mind blowing increase in the stock market industry.