Sunday, October 19, 2025
25.1 C
Lagos

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Bargain Hunting in Bellwethers Buck Market Bearish Run… NSE ASI up 93bps

Bargain hunting in some bellwether stocks – DANGCEM (+2.7%), NIGERIAN BREWERIES (+2.3%), NESTLE (+1.7%) and UNILEVER(+4.9%) – ended the 2-day bearish run in the local bourse to push the All Share Index 93bps higher to 40,992.97 points while YTD return increased to 7.2%. Accordingly, investors gained N136.8bn as market capitalization rose to N14.8tn. Activity level, was mixed today as the volume traded rose 27.6% to 259.5m units while the value traded declined by 1.5% to N4.4bn. The top traded stocks by volume were DIAMOND (68.6m), ZENITH (33.8m) and GUARANTY (31.4m) while the top traded stocks by value were GUARANTY (N1.4bn), NESTLE (N1.1bn) and ZENITH (N943.1m).

Mixed Sector Performance
Performance across sectors was mixed as 3 of 5 indices under our watch closed northwards. The Consumer Goods index appreciated the most, up 1.6% resulting from bargain hunting in NIGERIAN BREWERIES (+2.3%), NESTLE (+1.7%) and UNILEVER (+4.9%).

Similarly, the Industrial Goods and Insurance indices rose 0.7% and 0.3% respectively driven by buy interest in DANGCEM (+2.7%) and MANSARD(+4.7%). On the flipside, the Banking and Oil & Gas indices closed southwards on account of sell pressures in UBN (-5.2%), ACCESS (-1.8%), UBA (-1.3%) and FORTE (-3.1%) which dragged both indices.

Unchanged Investor Sentiment

Investor sentiment as measured by market breadth (advance/decline ratio) remained flat today at 0.5x as 15 stocks advanced against 30 stocks that declined.  Today’s top out-performing stocks were CUTIX (+5.0%), UNILEVER (4.9%) and NPFMCRFBK (+4.9%) while SKYE (-9.4%), DIAMOND (-9.1%) and JAPAULOIL (-5.7%) were the top under-performing.

Today’s bullish performance which was driven by investors bargain hunting activities is expected to continue to drive market performance for the rest of the week as we believe that valuation on some mid-cap and small-cap stocks still creates attractive entry opportunities into these stocks.

Hot this week

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

Ecobank MD Affirms Support for Movie Industry

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan says the...

TRUMP: 7 Telecom Action Plans

Last Friday, Donald Trump was sworn in as the...

Standard Chartered Bank to Sack 1,000 Senior Staff

Standard Chartered Bank, after persistent denials, has confirmed imminent sack of 1,000 senior staff to reduce cost, according to an internal memo sent to staff. The move was confirmed by Bill Winters, the CEO of Standard Chartered.

Accugas Announces Award of University Scholarships to 50 Students from Akwa Ibom State

L-R: Idorenyin Jacob, winner of the Grand Mentor Award...

Heirs Insurance Group Rolls out Nigeria’s First Insurance Loyalty Programme to Reward its Customers 

Heirs Insurance Group, Nigeria’s fastest-growing Insurance group, has rolled...

Danbatta Lauds Swedish Govt, Ericsson for Sustained, Remarkable Partnership

L-R: Country Manager and Managing Director, LM Ericsson Nigeria...

Guinea Insurance Congratulates Sunday Thomas on Confirmation as NAICOM Boss

  Great Minds Indeed Achieve Great Things  The Board of Directors, Management...

Africa, Middle East PC Market Suffers 28.7% Slump

The Middle East and Africa (MEA) PC market suffered...
Exit mobile version