Kayode Tokede
The home inventory market closed decrease final week, as promote pressures on Aradel Holdings, First Holdco, Nestle Nigeria and Fidelity Bank depreciated the market capitalisation by N1.58 trillion to shut the week at N161.26 trillion.
Nigerian Exchange Limited All-Share Index lowered by 0.97 per cent week-on-week to shut at 248,363.55 foundation factors to maneuver to market’s year-to-date (YTD) return moderated to 59.60 per cent.
The Nigerian inventory market sentiment was weak, as market breadth closed damaging with 54 decliners in opposition to 23 advancers. Tripple Gee & Company adopted with a acquire of 32.62 per cent to shut at N3.09, whereas Guinea Insurance went up by 29.17 per cent to shut to 93 kobo, per share.
On the opposite aspect, Critical Minerals Financing Corp (CMFC) led the decliners desk by 20.27 per cent to shut at N3.58, per share. ABC Transport adopted with a lack of 18.24 per cent to shut at N6.05, whereas Japaul Gold & Ventures declined by 11.11 per cent to shut at N2.56, per share.
Overall, a complete turnover of two.715 billion shares price N158.280 billion in 209,986 offers was traded final week by buyers on the ground of the Exchange, in distinction to a complete of three.166 billion shares valued at N155.023 billion that exchanged fingers earlier week in 206,662 offers.
The Financial Services Industry led the exercise chart with 2.005 billion shares valued at N82.924 billion traded in 94,483 offers, contributing 73.84 per cent and 52.39 per cent to the full fairness turnover quantity and worth respectively.
The Consumer Goods Industry adopted with 152.345 million shares price N11.425 billion in 20,926 offers, whereas the ICT Industry pulled a turnover of 117.296 million shares price N15.256 billion in 22,556 offers.
Trading in the highest equities, Access Holdings, Zenith Bank and United Bank for Africa (UBA), accounted for 1.020 billion shares price N50.520 billion in 29,382 offers, contributing 37.56 per cent and 31.92 per cent to the full fairness turnover quantity and worth respectively.
However, the anticipation of third quarter (Q3) 2026 earnings releases is more likely to assist selective curiosity in shares with optimistic earnings prospects on the Exchange.
Analysts anticipated the earnings season to supply contemporary route for buyers after every week of cautious buying and selling and profit-taking.
On market outlook, Cordros Securities Limited mentioned, “we expect buying interest to recover modestly in the near term, driven by bargain hunting following the week’s bearish performance. At the same time, the anticipation of Q3 earnings releases is likely to support selective interest in counters with positive earnings prospects.”
Also, Imperial Asset Managers Limited famous that “investors may remain selective following the modest rebound on Friday and contraction in turnover. Sustained recovery would require stronger breadth and broader participation.”
It added that focus is more likely to shift towards third-quarter earnings and firm particular disclosures; buyers ought to monitor earnings high quality, sector rotation and turnover.
