Sunday, October 19, 2025
29.4 C
Lagos

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...

Market Statistics: Thursday, 2nd November 2017

Market Cap (N’bn)               12,763.1
Market Cap (US$’bn)                    41.7
NSE All-Share Index             36,887.15
Daily Performance % (0.0)
Week Performance % 1.0
YTD Performance %                  37.2
Daily Volume (Million)                 318.1
Daily Value (N’bn)                      4.0
Daily Value (US$’m)         12.9

Equities Halt 3-Day Bullish Run… NSE ASI down 3bps
Today, the equities market reversed a 3-day gaining streak, as the All Share Index (ASI) fell 3bps to close at 36,887.15 points, while YTD return moderated to 37.2%. The negative performance was largely due to profit taking in NIGERIAN BREWERIES (-3.2%), DANGCEM (-0.2%) and UNILEVER (-2.4%).

As a result, market capitalisation reduced by N3.5bn to settle at N12.8tn. However, activity level was mixed as volume traded inched 27.6% higher to 318.1m units while value traded declined 24.1% to N4.0bn respectively.

Mixed Performance across Sectors
Sector performance was mixed at the close of trade. The Banking and Insurance indices closed positive, rising 0.7% apiece due to a rally in UBA (+4.1%), ETI (+1.2%), MANSARD (+2.9%) and CONTINSURE (+2.3%).

On the flip side, the Consumer Goods index depreciated the most, down 1.2% due to profit taking in NIGERIAN BREWERIES(-3.2%), UNILEVER (-2.4%) and PZ (-4.0%). Similarly, losses in DANGCEM (-0.2%) dragged the Industrial Goods index 0.1% lower. However, the Oil & Gas index closed flat.

Investor Sentiment Strengthens
Investor sentiment further strengthened as market breadth (advancers/decliners’ ratio) improved to 1.5x – from 1.0x recorded in the previous trading session – consequent on 27 stocks advancing against 18 that declined.

The top performers were FBNH (+9.2%), FLOURMILL (+4.9) and UPL (+4.9%) while CUSTODYINS (-5.0%), TRANSEXPR (-4.9%) and AIRSERVICE (-4.9%) were the worst performers. Although market performance was dragged by profit taking, investor sentiment strengthened.

Hence, we expect to see a rebound in subsequent trading sessions.  Our view is further buttressed by the sustained rally in oil prices – above US$60.00/b- which is expected to have a positive knock on impact on the broader economy.

Hot this week

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...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

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

In an effort to enhance bilateral cooperation and technical...

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

CBN: Anchor Borrowers’ Programme Loan Repayment Tops 52.39% in Feb 2023

  The Central Bank of Nigeria (CBN) says it remains...

BlackBerry Announces 2OO Redundancies

BlackBerry has made around 200 staff redundant at its...

REPORT: Supply Chains Must Change to Support Global Energy Demand

The development of new, unconventional energy sources, such as...

Nigeria Leads Ride Sharing Initiative in Africa

At the start of the last century, just one...

Berger Paints: Facts Behind The Figures Presentation

– R: Mr. Tony Ibeziako, Ag. Head, Listing Business...

Linkage Assurance Raises Authorised Share Capital to N15bn

Linkage Assurance Plc has secured the approval of its...

NDIC Nominated for Regulatory Agency of 2024 Award

L-R: Chairman, Editorial Board, Daily Independent, Opeyemi Soyombo; Executive...

African Economic Conference 2016 for Dec. 5 in Abuja

The 11th African Economic Conference (AEC) will take place...
Exit mobile version