Tuesday, October 7, 2025
27.7 C
Lagos

Equities Market Sustain Bullish Performance… ASI up 2.1%

In yesterday’s trading session, the domestic equities market maintained its bullish performance on the back of sustained buying interest in DANGCEM (+2.3%), NESTLE (+6.0%) and SEPLAT (+6.1%).

Consequently, the All Share Index (“ASI”) rose 2.1% to 32,462.3 points while YTD gain improved to 3.2% as market capitalisation increased by N253.7bn to N12.1tn. Activity level also improved as volume and value traded for the day increased by 5.5% and 42.2% to 580.4m units and N8.0bn respectively.

The most traded stocks by volume were DIAMOND(125.8m units), ZENITH (63.2m units) and GUARANTY (57.1m units) while for the most traded stocks by value, GUARANTY (N2.2bn),ZENITH (N1.6bn) and DANGCEM (N1.5bn) were the top stocks.

Positive Sector Performance
Across sectors, performance remained bullish with 4 of 5 indices under our coverage advanced. The Oil and Gas index gained the most, up 4.1% following price appreciation in SEPLAT (+6.2%) and OANDO (+7.1%).

The Consumer Goods and Banking indices trailed, up 4.0% and 1.3% respectively as investors rallied in NESTLE (+6.0%), NIGERIAN BREWERIES (+2.3%), UBN (+9.6%), and ETI (+3.2%). Similarly, the Industrial Goods index advanced, albeit flattish, up 3bps due to gains in DANGCEM (+2.3%) and WAPCO (+4.2%).

On the flip side, the Insurance index pared gains, down 0.2% due to profit taking in AIICO (-5.2%) and PRESTIGE (-3.9%).

Investor Sentiment Strengthens 
Investor sentiment as measured by market breadth (advance/decline ratio) strengthened to 2.7x from 1.3x recorded the previous session consequent on 38 stocks advancing against 14 that declined.

The top gainers for the day were JAIZ (+10.0%), LIVESTOCK (+10.0%) and DANGFLOUR (+10.0%) while REGALINS (-8.0%), UACPROP (-7.9%) and LASACO (-6.1%) led laggards.

In recent weeks, we have observed increased inflow into the domestic market despite the political risk. We believe concerns for post-election stability are beginning to moderate thus the increased appetite for cheap assets. Hence we expect the market to record gains in the near-term.

spot_img
spot_img
spot_img

Hot this week

Ecobank Nigeria Launches Upgraded Mobile App for Faster, Smarter Banking Experience

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Ortom, NOA DG, Others to Feature as Panelists at GOCOP 2025 Conference

The Guild of Corporate Online Publishers (GOCOP) has announced...

AIICO Celebrates Retiring Employees: Honouring Decades of Service with Gratitude

Left - right: Adeleke Adeshina (rtd), Lanre Oladehinde (rtd.),...

Nigeria’s Banking Woes: How One South African Bank Outvalues an Entire Industry

It is a sobering reality that one South African...

Topics

Tinubu/Okonjo-Iweala: What Does ‘the Economy is Stable’ Mean?

By Yemi Kale I try to stay away from unnecessary...

Sales Superstars Shine: Prudential Zenith Life Honors Top Achievers at Gala Night

Prudential Zenith Life Insurance hosted its annual Sales Gala...

NAICOM Chief, Thomas, Earns Award from College of Insurance Supervisors

  From left in the picture is the Commissioner of...

NIGERIA: Goodbye to Democracy!

Mahmood Yakubu INEC Chairman The inventors of the political system known...

Nigeria Targets Top 50 on Ease of Paying Tax Index

Comments from the International Monetary Fund (IMF) around Nigeria’s low tax-to-GDP...

Capital Market Can Act as a Financing Tool for PPP Infrastructure Projects – Yuguda

The Director-General, Securities and Exchange Commission (SEC) has stated...

NLNG, CORA Showcase The Nigeria Prize for Literature Longlist of 11 Playwrights

Andy Odeh, NLNG’s GM External Relations & Sustainable Development...
spot_img

Related Articles

Popular Categories

spot_imgspot_img