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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 Drives Positive Performance… NSE ASI up 33bps

Following a 6-day decline in market performance, bargain hunting in bellwethers – ZENITH(+1.8%), NIGERIAN BREWERIES (+1.5%) and GUARANTY (+0.7%)- pulled the All Share Index (ASI) 33bps higher to 41,633.79 points while YTD gain improved to 8.9%.

Accordingly, investors gained N196.0bn in value as market capitalization increased to N15.0tn. Activity level also strengthened as volume and value traded grew 11.0% and 30.2% to 542.2m units and N7.3bn respectively.

The top traded stocks by volume were ACCESS (126.0m), ZENITH (67.2m) and GUARANTY (51.8m) while GUARANTY (N2.3tn),ZENITH (N1.9tn) and ACCESS (N1.4tn) were the top traded stocks by value.

Bullish Sector Performance
All indices under our watch closed in the green indicating a bullish performance across sectors. The Insurance index led gainers, up 1.6% largely due to a rally in CONTINSURE (+4.9%), NEM (+4.8%) and MANSARD (+2.0%).

The Oil & Gas index trailed with a 0.6% appreciation as investors took position in 11 Plc (+4.4%). Also, the Banking and Industrial Goods index inched 0.5% higher apiece primarily driven by gains in ZENITH (+1.8%), GUARANTY (+0.7%), UBA (+2.2%), and WAPCO (+1.0%).

In the same vein, the Consumer Goods index added 0.4%, due to buying interest in NIGERIAN BREWERIES (+1.5%) and PZ (+2.7%).

Investor Sentiment Strengthens
Investor sentiment measured by market breadth (advance/decline ratio) rose to 1.0x from 0.6x recorded yesterday consequent on 29 stocks advancing against 28 stocks that declined.

The best performing stocks today were GLAXOSMITH (+10.2%), JAPAUL OIL (+8.6%) and MAYBAKER (+5.0%) while MULTIVERSE (-8.7%), UNITYKAP (-8.3%) and FTNCOCOA (-7.7%) led the losers chart.

In line with our expectation, the market rebounded yesterday; we expect this positive performance to be sustained in subsequent trading sessions barring any negative earnings surprise.

Hot this week

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

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

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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

NGX Chief, Umaru Kwairanga, to Chair Business Journal Fintech Roundtable 2025

Dr. Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX)...

Ex-CBN Chief, Mailafia, WAIFEM DG for Business Journal 10th Anniversary Lecture

Dr. Obadiah Mailafia Former Deputy Governor Central Bank of Nigeria (CBN) Prof....

McKinsey Report: Africa Targets $5.6tr Consumer, Business Spending by 2025

Although Africa's growth has slowed, the long-term fundamentals are strong,...

UNDP Report 2015: Highlights of Development Support to Nigeria

The challenges that Nigeria faced throughout 2015, and indeed...

Quickteller Launches ‘Everything is Possible’ Campaign

(L-R) Emeka Awagu, Head, Digital Commerce, Quickteller; Adedeji Layade,...

Olubunmi Familoni Wins 2024 edition Nigeria Prize for Literature

2024 Winner of The Nigeria Prize for Literature, Familoni...

Unity Bank Introduces USSD in Nigerian Languages

Unity Bank Plc has launched an Unstructured Supplementary Service...
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