Equities Investors Gain N2.16trn as Trade Deals Spike

Equities Investors Gain N2.16trn as Trade Deals Spike

Equities investors in the Nigerian Exchange (NGX) gained N2.16 trillion as trade deals across sectoral names spiked by about 20% week on week.

The local bourse sustained its positive momentum this week, with overall sentiment remaining bullish despite a moderation in transaction value and trading volume.

The NGX All-Share Index advanced by 2.37% week on week to close at 146,988.04 points after hitting a new 52-week high of 147,107 points on strong market internals.

The hunting for value was driven by renewed investor interest in fundamentally strong stocks ahead of the third quarter of 2025 earnings festival.

Given the positive sentiment, market capitalization also rose by 2.37% week on week to N93.30 trillion and giving equity investors a total of N2.16 trillion gain.

Stock market analysts at Cowry Asset Limited said market’s resilience reflects in stronger year-to-date return of 42.81%, underscoring sustained bullish sentiment amid intermittent profit-taking.

Evidence of portfolio rebalancing and selective positioning highlighted continued investor confidence in market fundamentals, the investment firm told investors in an emailed note.

Data from the Nigerian Exchange revealed that market breadth remained positive at 1.24x, with 51 gainers against 41 losers, indicating cautious optimism.

However, overall activity was in the mixed bag as the total trading volume declined sharply by 72.79% to 2.29 billion shares. Also, the weekly transaction value dropped by 21.11% to N91.13 billion, largely due to fewer block trades, Cowry Asset Limited stated.

In contrast, the number of deals increased by 19.36% to 138,301, reflecting stronger participation from retail and mid-tier investors. Sectoral performance was broadly positive, as five of the six major indices closed higher.

The Industrial Goods index led with a 4.23% gain, followed by Insurance (+3.69%), Oil & Gas (+2.90%), Commodities (+1.65%), and Consumer Goods (+0.83%).  The banking index was the only laggard, declining 0.41% due to profit-taking and weak sentiment in select counters.

At the stock level, SOVRENINS topped the gainers’ chart with a 16.7% week on week advance, trailed by OMATEK (+12.3%), MANSARD (+11.8%), CHAMS (+11.7%), and EUNISELL (+11.4%).

Conversely, LIVINGTRUST led the losers, falling 14.6% week on week, alongside NEIMETH (-11.0%), UHOMREIT (-10.0%), MEYER (-9.9%), and JULI (- 9.6%), as investors turned cautious on these counters.

Stock analysts expect the equities market to trade in a mixed but broadly stable pattern in the near term. “While improved corporate earnings and selective bargain hunting may continue to support prices, cautious investor sentiment amid high interest rates, inflationary pressures, and portfolio rebalancing could limit further upside.

Overall, market performance will likely hinge on macroeconomic developments and policy signals from monetary authorities. Meanwhile, we continue to advise investors to position in stocks with strong fundamentals and earning power,” Cowry Asset said.  Banks Placements with CBN Spike as Liquidity Surplus Hits N7trn