Stock market sustains positive sentiment as investors await MPC meeting

By Peter Egwuatu  

The result of the Central Bank of Nigeria,CBN’s Monetary Policy  Committee, MPC gathering this week volition find further absorption of the banal market, adjacent arsenic investors sustained the instrumentality of bullish momentum past week.

The Nigerian Exchange Limited, NGX closed past week connected a affirmative note, arsenic buying involvement successful BUA Foods, which went up by  6.7%, followed by Guinness Nigeria surging by 28.6%, Dangote Cement 1.0% and Nigerian Breweries, NB 8.1 % lifted the All-Share Index, ASI by 0.9% Week connected Week,  W/W to  adjacent astatine 141,854.48 points.

Consequently, the Month-to-Date, MtD and Year to Date, YtD returns improved to +1.1% and +37.8%, respectively.

Analysts noted that the MPC gathering would clasp connected September 22 and 23, 2025 and the decisions of the members with regards to Monetary Policy Rate, MPR would find the concern absorption by investors.

Meanwhile, investigation of trading enactment showed that transactions moderated arsenic some measurement and worth declined by 38.1% W/W and 38.3% W/W respectively.

Sectoral show was mixed with gains successful the Consumer Goods Index rising by 5.5%, Oil & Gas Index 2.8%, and Industrial Goods Index  0.1%, portion the Insurance Index declined by -4.7% and Banking Index by -2.6%.

Further investigation of the marketplace past week showed that a full tumover of 2.735 cardinal shares worthy N85.197 cardinal successful 127,284 deals was traded by investors connected the level of the Exchange, successful opposition to a full of 3.188 cardinal shares valued astatine N99 685 cardinal that exchanged hands the penultimate week successful 132,711 deals. 

The Financial Services Industry (measured by volume) led the enactment illustration with 1.909 cardinal shares valued astatine N37.834 cardinal traded successful 56,026 deals; frankincense contributing 69.79% and 44.41% to the full equity turnover measurement and worth respectively. The ICT Industry followed with 184.870 cardinal shares worthy N6.189 cardinal successful 12,893 deals. Third spot was the Services Industry, with a turnover of 176.506 cardinal shares worthy N813.252 cardinal successful 6,011 deals. Reacting to marketplace outlook, analysts astatine Cordros Research stated : In the coming week, we expect the result of the MPC gathering to signifier marketplace activities, determining the magnitude of investors’ appetite for hazard assets.

The station Stock marketplace sustains affirmative sentiment arsenic investors await MPC meeting appeared archetypal connected Vanguard News.