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Business

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FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

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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

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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

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Insurance

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

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

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

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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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

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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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

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Capital Market

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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

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Buying Interest Buoys Positive Performance… ASI Up 1.0%

The domestic bourse kick-started trading activities for the week on a positive note as gains in GUARANTY (+4.8%), ZENITH (+2.3%) and INTBREW (+8.0%) bolstered the All Share Index (ASI), up 95bps to settle at 32,129.94 points.

As a result, market capitalisation increased by N112.9bn to N12.0tn while YTD performance improved to 2.2%. However, activity level weakened as volume and value traded dipped 33.0% and 30.3% to 227.8m units and N2.6bn respectively.

The most traded stocks by volume were DIAMOND (33.0m units), UBA (31.1m units) and ZENITH (28.9m units) while the top traded stocks by value were ZENITH (N703.1m), DANGCEM (N510.8m) and GUARANTY(N391.0m).

Mixed Sector Performance 
Across sectors, performance was mixed albeit positively skewed, as 3 of 5 stocks under our coverage closed in the green. The Banking index was up 2.7% on the back of buying interests in GUARANTY (+4.8%) and ZENITH (+2.3%).

Similarly, the Consumer and Industrial Goods indices posted moderate gains, advancing 0.4% and 0.3% respectively based on price upticks in INTBREW (+8.0%), DANGFLOUR (+5.1%),DANGCEM (+0.2%) and WAPCO (+0.8%).

On the flip side, the Insurance index closed in the red, declining 0.2%, dragged by losses in NEM (-2.4%) while the Oil and Gas index closed flat.

Investor Sentiment Strengthens
Investor sentiment as measured by market breadth (advance/decline ratio) improved today to 2.5x as 25 stocks advanced against the 10 stocks that declined.

The top outperforming stocks were CUTIX (+9.8%), NPFMCRFB (+9.7%) and WEMA (+9.1%) while PZ (-9.6%), LIVESTOCK (-9.0%) and LAWUNION (-5.5%) were the least performing stocks for the day.

We believe that the positive performance recorded yesterday will persist into subsequent trading sessions as investors continue to take positions in fundamentally sound stocks.

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Topics

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‘OPEC Still Has Important Role in Global Oil Market’

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Capital Express Assurance Sponsored FASU 2024 Games Ends in Style

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