Kayode Tokede
The inventory market part of the Nigerian Change Restricted (NGX) maintained its constructive momentum for the second week in 2026, including N2.6 trillion to the market capitalisation as buyers sentiment strengthened markedly from the beginning of the 12 months.
The NGX All-Share Index (ASI) superior 2.36 per cent week-on-week (W-o-W) to shut at 166,129.50 foundation factors. Equally, the market capitalisation bought by N2.6 trillion to shut the week at N106.354 trillion.
Market breadth remained firmly constructive, as 80 advancing shares considerably outweighed 17 decliners. NCR Nigeria led the gainers desk by 60.79 per cent to shut at N128.55, per share. SCOA Nigeria adopted with a achieve of 59.36 per cent to shut at N14.90, whereas DEAP Capital Administration & Belief went up by 48.67 per cent to shut to N4.46, per share.
On the opposite facet, Ikeja Resort led the decliners desk by 12.38 per cent to shut at N35.05, per share. Austin Laz & Firm adopted with a lack of 9.20 per cent to shut at N3.75, whereas Eterna declined by 7.71 per cent to shut at N32.30, per share.
Total, a complete turnover of 4.607 billion shares price N130.636 billion in 263,439 offers was traded final week by buyers on the ground of the Change, in distinction to a complete of 4.164 billion shares valued at N94.026 billion that exchanged fingers final week in 248,254 offers.
The Monetary Providers Business led the exercise chart with 3.126 billion shares valued at N47.225 billion traded in 94,186 offers; contributing 67.84 per cent and 36.15 per cent to the whole fairness turnover quantity and worth respectively.
The Providers Business adopted with 353.436 million shares price N5.096 billion in 17,764 offers, whereas the ICT Business traded a turnover of 277.263 million shares price 18.009 billion in 28,525 offers.
Buying and selling within the high equities, particularly Sovereign Belief Insurance coverage, Entry Holdings and Linkage Assurance, accounted for 1.406 billion shares price N9.735 billion in 11,732 offers, contributing 30.52 per cent and seven.45 per cent to the whole fairness turnover quantity and worth respectively.
The Nigerian inventory market is poised for additional development, pushed by strategic portfolio positioning and the upcoming itemizing of Zichis Agro Allied Industries Plc on the NGX Development Board.
Zichis Agro Allied Industries is about to checklist 1.1 billion models of bizarre shares, with the itemizing anticipated to extend NGX market capitalization by N1.96 billion. The corporate’s diversified portfolio, together with livestock, poultry, and palm oil manufacturing, positions it for vital development.
Looking forward to the brand new week, Cowry Belongings Administration Restricted stated, “the Nigerian equities market is prone to preserve a constructive bias within the close to time period, pushed by strengthening investor sentiment, stable market breadth, and sustained buying and selling exercise. The broad-based beneficial properties recorded throughout main sectors level to wholesome market participation and continued accumulation, notably in essentially sturdy and undervalued equities.
“Though bouts of profit-taking could happen following the current rally, total market sentiment is predicted to stay supportive, bolstered by favorable year-to-date efficiency and renewed investor confidence.”
Additionally, Afrinvest Restricted said that “trying forward, we count on the bullish momentum to persist, supported by prolonged year-beginning strategic portfolio positioning. As well as, the upcoming itemizing of 1.1 billion models bizarre shares of Zichis Agro Allied Industries (scheduled for subsequent Tuesday), ought to rub-off positively on market benchmark efficiency.”
