Skyway Aviation Momentum Extends Into New Trading Week
Skyway Aviation Handling Company Plc sustained its bullish momentum into the first trading day of the new week, Monday, January 26, 2026, confirming that the breakout recorded late last week remains intact. Renewed investor interest drove the stock higher by an additional N9.85, mirroring the magnitude of the previous session’s advance and reinforcing the strength of the current price trend.
Intraday activity reflected selective buying anchored on fundamentals, with demand comfortably outweighing supply. The stock closed at N109.80, marking a fresh 52-week high and placing the price well above its 50-day moving average of N87.53. This wide gap above the medium-term average underscores the acceleration in upside momentum and signals a decisive shift in market perception toward the counter.
From a technical perspective, the break above the psychological N100 level has opened room for further price discovery. In the near term, market expectations suggest a potential extension toward the N115 – N120 zone if buying pressure persists, with intermediate resistance likely to emerge around N125 should volumes remain supportive. However, given the steep short-term rally, intermittent pullbacks or consolidation around current levels can not be ruled out, especially as short-term traders lock in gains.
Fundamentally, sentiment remains constructive but cautious. Investors appear to be positioning ahead of the company’s anticipated financial results and the possibility of a dividend declaration. While these expectations are providing upside support, the absence of released numbers implies that subsequent price action may be sensitive to earnings quality and dividend signals. As such, the prevailing outlook favours a measured upside bias, tempered by prudence, as the market awaits confirmation from earnings to validate the recent surge in valuation. #Skyway Aviation Momentum Extends Into New Trading Week#
Skyway Aviation Soars to New High, Earnings Reignites Bargain Hunting
