3 weeks ago
7
By Peter Egwuatu
Investors raked N2.16 trillion profit, highest week-on-week so far and the 5th consecutive week upswing, coming up of the 3rd 4th 2025, Q3’25, net study and ostentation information for September.
Specifically, the Nigerian Exchange Limited, NGX, marketplace capitalisation, which shows the full worth of equities connected the Exchange, closed connected Friday astatine N93.296 trillion against N91.135 trillion the erstwhile week.
Similarly, different large banal marketplace gauge, NGX All Share Index, ASI gained 2.4% to adjacent astatine N146,988.04 points from 143584.04 points the erstwhile week.
Analysts noted that each eyes are connected economical information and Q3 institution net report that volition commencement rolling successful immoderate infinitesimal from adjacent week, opening with aboriginal filers.
Meanwhile, activities of trading past week showed that gains successful MTN Nigeria by 10.8%, Dangote Cement 9.5%, Seplat 10.0%), WAPCO 2.7%, and STANBIC IBTC 2.3% propelled the NGX ASI to determination higher.
Consequently, the Month-to-Date, MtD and Year-to-Date, YTD returns strengthened to +3.0% and +42.8%, respectively.
However, wide marketplace enactment moderated, with trading measurement and worth declining by 72.8% W/W and 21.1% W/W, respectively.
Across sectors, show was broadly positive, with the Industrial Goods Index rising by 4.2%, Insurance Index 3.7%, Oil & Gas Index 2.9%, and Consumer Goods Index moving by 0.8%, portion the Banking Index declined by -0.4% to adjacent lower.
Analysts astatine Cordros Research stated: “Looking ahead, marketplace sentiment is expected to stay broadly positive, driven by projections of beardown third-quarter firm net that could validate the underlying resilience of firm fundamentals. At the aforesaid time, investors volition intimately show September ostentation data, arsenic further moderation could boost the probability of a Monetary Policy Committee, MPC complaint chopped successful November”.
Similarly, successful their projection for the week, analysts astatine InvestData Consulting Limited said: “We expect mixed sentiment connected the backmost of the oncoming net play and nett taking successful the midst of bargain hunting and portfolio repositioning up of Q3 firm net reports and ongoing assemblage rotation, with each eyes are connected September user terms scale reports.
However, pullbacks volition make ‘buy’ opportunities amidst improving macroeconomic indices, conscionable arsenic much economical reforms volition boost growth, a concern expected to enactment concern and marketplace absorption eventually”.
The station EQUITIES: Investors’ gains skyrocket up of Q3 earnings, Sept ostentation data appeared archetypal connected Vanguard News.
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