Thursday, October 30, 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

NGX Group Chair, Umaru Kwairanga, Draws Roadmap for Leadership in Nigeria

   Being the remarks by Alhaji (Dr.) Umaru Kwairanga, Group...

NCRIB to Partner State Govts to Drive Insurance Penetration in Nigeria

L-R: Mr. Tope Adaramola, Executive Secretary; Mrs. Ekeoma Ezeibe,...

OPay – From Payment Platform to Lifestyle Ecosystem

By Moses Braimah Out of curiosity, I decided to spend...

Dangote and the Nigeria Refinery Revolution

  Beyond the Monopoly Myths By Moses Braimah When the Dangote...

Anambra Tops 2025 State of States Fiscal Performance Ranking

BudgIT, Nigeria’s leading civic-tech organisation promoting fiscal transparency and...

Topics

Insurance Fraud Management Forum Set for Berlin May, 12

An insurance fraud management forum is set for Berlin,...

NNPC Launches Vision First Programme in Ilaje Community, Lagos

The NNPC Limited has flagged off the third edition...

GOCOP Congratulates Femi Soneye on Winning NIPR Spokesperson of the Year 2025 Award

The Guild of Corporate Online Publishers (GOCOP) extends its...

Nigeria: 2016 PC Market Fell by 57%, Lowest in 9 Years

Official PC shipments to Nigeria fell 57.1% year-on-year in...

Sovereign Trust Insurance Reports 109% Insurance Revenue Growth in 2024

Sovereign Trust Insurance Plc recently released its 2024 audited...

How to measure the performance of your digital ads

Elementum nulla turpis cursus. Integer liberos kusto euismod aene pretium faucibus ...

NASENI EVC to Ensure Tech Transfer, Commercialisation of Innovation

Mr. Khalil Halilu The Executive Vice Chairman /CEO National Agency for...

Banks, Telecoms, Mobility Brands Dominate Q1 2025 Media Performance Charts

Following the Central Bank of Nigeria’s directive to harmonize...
spot_img

Related Articles

Popular Categories

spot_imgspot_img