Author: Marketforces Africa

Equities analysts at Afrinvest Securities Limited, in their stock recommendation for the new week, advised investors to reduce their interest in Zenith Bank

Trading activities at the Nigerian bonds secondary market ended on a mixed note amidst interest rate hike expectations in the new week.

Despite the intervention of the monetary authority, the exchange rates of the Nigerian local currency,

With about 8% negative price movement in the just concluded week, the equities market value of Access Holdings Plc declined to N814 billion on Friday due to sell pressure from investors that sought to exit their positions.

FBN Holdings Plc’s market value fell by 8%, or about N79 billion, on the Nigerian Exchange as investors exited their position in the financial services company. This has brought its stock market price near its rights offer price.

PZ Cussons Value Drops by 12% as Investors Moods Swing Sell pressures on PZ Cussons knocked off about 12%, or N11.514 billion, of the company’s market value. This happened as a review of its financials showed net loss moderated sharply in the first quarter of the 2025 earnings period. The market is awaiting the exit plan of the parent company from Nigeria, as earlier affirmed. But some analysts believe the company may have second thought about leaving the Nigerian market, as the damaging situation is not peculiar to consumer goods players. Worsening macroeconomic conditions remained top on the list of…

MeCure Industries Value Drops by 19% as Investors Unload Shares Pharmaceutical company Mecure Industries market value declined by about 19% as investors dumped their shares during five trading sessions on the Nigerian Exchange (NGX) last week. Negative buying sentiment knocked off N9.8 billion from MeCure Industries market valuation on the Nigerian Exchange. Details showed that Mecure share price declined to N10.55 in the equities market from N12.95 at the beginning of the same week. At the current market value, Mecure is trading at about 19% discount to 52-week. The company share price had hit N13 before it started to retreat.…

Unilever Nigeria Plc’s stock market valuation surged to new 52-week highs on the Nigerian Exchange (NGX) as a result of investors’ bets on the company in anticipation of robust future earnings and dividends.

Cadbury Nigeria’s Plc market value increased significantly on the Nigerian Exchange as investors staked huge bets on the consumer goods index. The stock rallied as investors’ sentiments improved as Cadbury Nigeria’s parent company raised stake.

Lafarge Africa Plc’s market value increased by about 29% as investors circled around the cement company’s stock on the Nigerian Exchange trading platform.