Friday, October 10, 2025
23.8 C
Lagos

Market Report: Local Bourse Rebounds…ASI Up 12bps

The local bourse rebounded at the close of trade yesterday following price appreciation in UNILEVER (+6.8%), DANGCEM (+0.5%) and UBA(+1.3%).

As a result, the All Share Index (“ASI”) rose 12bps to 32,453.7 points, YTD gain improved to 3.4% and market capitalisation increased by N14.0bn to N12.1tn. On the flip side, activity level weakened as volume and value traded declined 10.1% and 12.1% to 422.7m units and N3.7bn respectively.

The most active stocks by volume were DIAMOND (97.6m units), TRANSCORP (41.1m units) and ZENITH (40.3m units) while by value, ZENITH (N997.1m), GUARANTY (N992.6m) and ACCESS (N263.7m) led.

Mixed Sector Performance
Across sectors, performance was mixed, albeit with a bullish bias as 3 of 5 indices under our coverage advanced.

The Insurance index rose 1.2% as NEM (+5.0%) and CUSTODIAN (+1.7%) recorded gains. Also, the Industrial and Consumer Goods indices inched 0.7% and 0.3% respectively, due to buying interest in DANGCEM (+0.5%), WAPCO (+3.1%), UNILEVER (+6.8%) and PZ (+5.2%).

On the other hand, the Oil & Gas and Banking indices declined, down 0.8% and 0.5% respectively on the back of profit taking in OANDO (-5.2%), ETERNA (-3.1%).ZENITH (-0.6%),and ACCESS (-0.8%).

Investors Sentiment Strengthens 
Investors sentiment as measured by market breadth (advance/decline ratio) strengthened to 1.7x, an improvement from the 0.7x recorded yesterday as 22 stocks advanced against the 13 stocks that declined. The best performers were LIVESTOCK (+10.0%), ABCTRANS (+10.0%) and UNITY (+9.6%) while UBN (-8.0%), OANDO (-5.2%) and DANGFLOUR (-4.6%) were the worst performing stocks.

Despite yesterday’s positive performance, we maintain a conservative outlook for tomorrow’s trading session. We expect profit taking activities in fundamentally good stocks as the market closes for the week.

 

spot_img
spot_img
spot_img

Hot this week

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...

Rosatom: Nuclear Energy Holds key to Africa’s Sustainable Future

The role of nuclear energy in meeting Africa’s future...

RMRDC Targets 30% Value-Added Policy on Export of Local Raw Materials

The Raw Materials Research and Development Council (RMRDC) says...

NDIC, CIBN Strengthen Collaboration in Emerging Issues in the Financial Sector

L-R: President/Chairman of Council, Chartered Institute of Bankers of...

Fidelity Bank Commences Disbursement of FGN MSME Intervention Funds

Tier One Lender, Fidelity Bank Plc, has commenced the...

Topics

Ecobank Empowers Businesses with Omni Lite Solution

The Managing Director of Ecobank Nigeria, Mr. Patrick Akinwuntan,...

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...

Stanbic IBTC Restates Support for Business, Economic Growth

  Stanbic IBTC Bank has restated its commitment to support business...

CSW2022: African Alliance Fulfils N6.65bn Claims to Customers in Q3

African Alliance Insurance Plc has demonstrated her commitment to...

Chinese Firm Flags-Off Production of Meters in Nigeria

A Chinese firm, Golden Horse Company Limited, has commenced the manufacture of electric meters in Nigeria following the approval of its application by the National Electricity Regulatory Commission (NERC). This was stated in Abuja by Mr. Mathew Uwaekwe, the National Co-ordinator, Nigeria-China Business Council. He said the company has since commenced production of the meters, and expressed the confidence that jobs will not only be created but that it would save the country millions in foreign exchange that could have been used for the importation of meters.

U.S. Captive Insurers Benefit from Core Competencies

Captive insurance companies rated by A.M. Best ended 2015...

Ecobank Named ‘Agric Lender of the Year 2020’ by BAFI Awards

Ecobank Nigeria has emerged the winner of “Agric...

ADB Ranked 4th Best Company to Work for in Africa

The 2018 Careers in Africa Employer of Choice Survey has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img