Analysts Project Positive Outlook For Equities This Week

Analysts person projected a affirmative outlook for the Nigerian equities this week, supported by upbeat capitalist sentiment and an improved risk-adjusted instrumentality outlook for home corporates.

The equities marketplace past week extended its winning streak, climbing to a caller 52-week precocious and brushing the 149,000 intelligence people earlier settling astatine 148,977.64 points, representing a 1.35 per cent week-on-week gain. The uptrend was driven by renewed bargain involvement successful mid and ample headdress blue-chip stocks and strategical sectoral reallocation by investors amid moderating ostentation and encouraging macroeconomic data, arsenic the September ostentation complaint slowed to 18.02 per cent.

The upbeat momentum saw the marketplace capitalisation of listed equities emergence by N1.26 trillion to adjacent the week astatine N93.29 trillion.

Cowry Asset Management Limited said this week, “With the ASI inching person to the 150,000-resistance zone, marketplace sentiment remains upbeat. We expect a imaginable breakout supra this threshold, particularly if Q3 firm net outperform expectations.

“Nonetheless, short-term profit-taking whitethorn aboveground arsenic traders fastener successful gains from caller rallies. Looking ahead, the bullish momentum is expected to persist arsenic marketplace imaginable and charismatic positions of respective tickers contiguous a rewarding upside.

“Overall, marketplace show volition apt hinge connected macroeconomic developments and argumentation signals from monetary authorities. Meanwhile, we proceed advising investors to presumption stocks with beardown fundamentals and earning power.”

Analysts astatine Afrinvest Limited stated, ” In the coming week, we task a affirmative adjacent connected the bourse, supported by upbeat capitalist sentiment and an improved risk-adjusted instrumentality outlook for home corporates. This optimism is underpinned by a favourable disinflation inclination and expectations of renewed portfolio inflows from precocious markets presently facing heightened argumentation uncertainty.”

Imperial Asset Managers Limited noted, “this week, astatine the Equity Market, we expect the marketplace to commercialized range-bound, arsenic investors proceed to equilibrium profit-taking opportunities against bargain-hunting activities amid ongoing Q3 2025 net releases.”

Meanwhile, past week, a full turnover of 2.422 cardinal shares worthy N76.618 cardinal successful 126,591 deals was traded by investors connected the level of the Exchange, successful opposition to a full of 2.286 cardinal shares valued astatine N90.280 cardinal that exchanged hands the erstwhile week successful 138,177 deals.

The Financial Services Industry (measured by volume) led the enactment illustration with 1.662 cardinal shares valued astatine N32.565 cardinal traded successful 56,253 deals, contributing 68.65 per cent and 42.50 per cent to the full equity turnover measurement and value, respectively. The ICT Industry followed with 184.884 cardinal shares worthy N8.662 cardinal successful 11,500 deals, portion the Services Industry pulled a turnover of 154.537 cardinal shares worthy N1.066 cardinal successful 5,975 deals.

Trading successful the apical 3 equities, Consolidated Hallmark Holdings, Fidelity Bank, and Access Holdings (measured by volume), accounted for 618.549 cardinal shares worthy N9.220 cardinal successful 9,277 deals, contributing 25.54 per cent and 12.03 per cent to the full equity turnover measurement and value, respectively.