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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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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

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

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Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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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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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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Capital Market

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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

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

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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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Market Statistics: Wednesday, 8th November 2017

Market Cap (N’bn)                12,853.7
Market Cap (US$’bn)                   42.0
NSE All-Share Index              37,138.97
Daily Performance % 0.3
Week Performance % 0.7
YTD Performance %                  38.2
Daily Volume (Million)                  193.5
Daily Value (N’bn)                      1.8
Daily Value (US$’m)         5.9

Nigerian Equities Market Sustains Momentum… NSE ASI up 34bps
The Nigerian Equities market continued its positive performance today as the All Share Index gained 34bps to close at 37,138.97 points while YTD return expanded to 38.2%.

In turn, investors gained N43.4bn as market capitalization settled at N12.9tn. Today’s performance was buoyed by gains in DANGCEM (+0.9%), INTBREW (+10.2%) and FBNH (+1.7%). However, activity level softened as volume and value traded fell 36.6% and 37.8% to close at 193.5m units and N1.8bn respectively.

Mixed Sector Performance
Performance across sectors was mixed as 2 indices trended northwards, 2 closed in the red and the other flat. The Industrial Goods index emerged the top gainer, up 0.5% due to sustained buying interest in DANGCEM (+0.9%).

Likewise, the Consumer Goods index added 0.4% on account of gains in INTBREW (+10.2%) and NASCON (+3.0%). On the flip side, the Banking index lost 0.2% following profit taking in ZENITH (-0.9%) and ACCESS (-0.9%), while losses in LINKASSURE (-3.9%) dragged the Insurance index 0.1% lower. The Oil & Gas index closed flat.

Investor Sentiment Weakens
Investor sentiment weakened today as market breadth (advancers/decliners ratio) declined to 0.9x from 1.3x recorded in the previous session. Today’s best performing stocks were INTBREW (+10.2%), LEARNAFRICA (+5.0%) and CAVERTON (+5.0%) while the worst performers were UAC-PROP ( -4.7%), LAWUNION (-4.4%) and LINKASSURE (-3.9%).

Despite the weaker investor sentiment recorded today, market performance stayed positive in line with our expectations. We expect a rebound in sentiment in consequent trading sessions as investors continue to seek bargain opportunities in the market.

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Topics

NCDMB, NDDC Hold Knowledge Sharing Session, Commit to Collaboration for Effective Service Delivery

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Transcorp Power Names Christopher Ezeafulukwe as Non-Executive Director

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