By Peter Egwuatu
Traders raked N2.16 trillion revenue, highest week-on-week so far and the fifth consecutive week upswing, coming forward of the third quarter 2025, Q3’25, earnings report and inflation knowledge for September.
Particularly, the Nigerian Trade Restricted, NGX, market capitalisation, which exhibits the full worth of equities on the Trade, closed on Friday at N93.296 trillion in opposition to N91.135 trillion the earlier week.
Equally, one other main inventory market gauge, NGX All Share Index, ASI gained 2.4% to shut at N146,988.04 factors from 143584.04 factors the earlier week.
Analysts famous that every one eyes are on financial knowledge and Q3 firm earnings report that may begin rolling in any second from subsequent week, starting with early filers.
In the meantime, actions of buying and selling final week confirmed that good points in MTN Nigeria by 10.8%, Dangote Cement 9.5%, Seplat 10.0%), WAPCO 2.7%, and STANBIC IBTC 2.3% propelled the NGX ASI to maneuver larger.
Consequently, the Month-to-Date, MtD and 12 months-to-Date, YTD returns strengthened to +3.0% and +42.8%, respectively.
Nevertheless, general market exercise moderated, with buying and selling quantity and worth declining by 72.8% W/W and 21.1% W/W, respectively.
Throughout sectors, efficiency was broadly constructive, with the Industrial Items Index rising by 4.2%, Insurance coverage Index 3.7%, Oil & Fuel Index 2.9%, and Shopper Items Index shifting by 0.8%, whereas the Banking Index declined by -0.4% to shut decrease.
Analysts at Cordros Analysis said: “Wanting forward, market sentiment is anticipated to stay broadly constructive, pushed by projections of robust third-quarter company earnings that would validate the underlying resilience of company fundamentals. On the identical time, traders will carefully monitor September inflation knowledge, as additional moderation might enhance the chance of a Financial Coverage Committee, MPC price reduce in November”.
Equally, of their projection for the week, analysts at InvestData Consulting Restricted mentioned: “We anticipate blended sentiment on the again of the oncoming earnings season and revenue taking within the midst of discount looking and portfolio repositioning forward of Q3 company earnings experiences and ongoing sector rotation, with all eyes are on September shopper worth index experiences.
Nevertheless, pullbacks will create ‘purchase’ alternatives amidst enhancing macroeconomic indices, simply as extra financial reforms will enhance progress, a state of affairs anticipated to assist funding and market route ultimately”.
The submit EQUITIES: Traders’ good points skyrocket forward of Q3 earnings, Sept inflation knowledge appeared first on Vanguard Information.