NGX Hits Fresh All-Time High! Investors Smile Home with ₦1.8 Trillion in 4 Days
Hello Investors! Happy new week!
The Nigerian stock market made a bold entrance into June, delivering solid gains despite a mix of cautious and optimistic investor sentiments. Last week, the Nigerian Exchange All-Share Index (NGX ASI) soared to an all-time high of 114,595.72 points, up from 111,742.01 points the previous week. This rally marked four straight days of positive closes, kicking off June with renewed momentum.
Key Highlights:
₦1.8 Trillion Gained in Just 4 Days!
Market capitalisation jumped from ₦70.462 trillion to ₦72.275 trillion, meaning investors collectively raked in ₦1.813 trillion in value within a short, holiday-trimmed trading week. This growth came despite reduced trading activity due to the Eid-el-Kabir holiday.
Top Gainers Leading the Rally
Investor interest surged in key stocks, with notable price jumps in:
• Oando Plc (+25.8%)
• FBN Holdings (+17.6%)
• MTN Nigeria (+14.0%)
• GTCO (+4.6%)
• Dangote Cement (+2.3%)
These companies were among the major forces pushing the index to new heights.
Sectoral Performance: Mostly Green
All major sectors posted gains:
• Banking Index: +4.7%
• Insurance Index: +3.4%
• Oil & Gas Index: +3.3%
• Consumer Goods Index: +2.3%
• Industrial Goods Index: +1.2%
Despite a drop in trading volume (-15.3%) and value (-36.1%), the market was lifted by portfolio reshuffling and buying interest in fundamentally sound stocks.
Expert Outlook: What’s Next?
Analysts from Cordros Research expect that:
“The market direction will continue to be shaped by specific company and sector developments, rather than broad economic catalysts.”
Meanwhile, Investdata Consulting notes:
“We expect continued mixed sentiments. While some investors take profit at this record high, others will keep hunting for undervalued gems—especially as companies like Learn Africa, Red Star Express, and University Press prepare to release their audited reports with dividend declarations.”
Strategy Tips for You:
• Watch out for value stocks with strong fundamentals and expected earnings reports.
• Take advantage of temporary price pullbacks for long-term gain.
• Diversify across sectors showing momentum—especially banking, oil & gas, and insurance.
Final Thought:
Even in a high market, opportunities abound—for those who stay informed and act strategically. Whether you’re profit-taking or bargain-hunting, keep your goals clear and your moves intentional.
Here’s to a smart and prosperous week ahead!
Hello Investors! Happy new week!
The Nigerian stock market made a bold entrance into June, delivering solid gains despite a mix of cautious and optimistic investor sentiments. Last week, the Nigerian Exchange All-Share Index (NGX ASI) soared to an all-time high of 114,595.72 points, up from 111,742.01 points the previous week. This rally marked four straight days of positive closes, kicking off June with renewed momentum.
Key Highlights:
₦1.8 Trillion Gained in Just 4 Days!
Market capitalisation jumped from ₦70.462 trillion to ₦72.275 trillion, meaning investors collectively raked in ₦1.813 trillion in value within a short, holiday-trimmed trading week. This growth came despite reduced trading activity due to the Eid-el-Kabir holiday.
Top Gainers Leading the Rally
Investor interest surged in key stocks, with notable price jumps in:
• Oando Plc (+25.8%)
• FBN Holdings (+17.6%)
• MTN Nigeria (+14.0%)
• GTCO (+4.6%)
• Dangote Cement (+2.3%)
These companies were among the major forces pushing the index to new heights.
Sectoral Performance: Mostly Green
All major sectors posted gains:
• Banking Index: +4.7%
• Insurance Index: +3.4%
• Oil & Gas Index: +3.3%
• Consumer Goods Index: +2.3%
• Industrial Goods Index: +1.2%
Despite a drop in trading volume (-15.3%) and value (-36.1%), the market was lifted by portfolio reshuffling and buying interest in fundamentally sound stocks.
Expert Outlook: What’s Next?
Analysts from Cordros Research expect that:
“The market direction will continue to be shaped by specific company and sector developments, rather than broad economic catalysts.”
Meanwhile, Investdata Consulting notes:
“We expect continued mixed sentiments. While some investors take profit at this record high, others will keep hunting for undervalued gems—especially as companies like Learn Africa, Red Star Express, and University Press prepare to release their audited reports with dividend declarations.”
Strategy Tips for You:
• Watch out for value stocks with strong fundamentals and expected earnings reports.
• Take advantage of temporary price pullbacks for long-term gain.
• Diversify across sectors showing momentum—especially banking, oil & gas, and insurance.
Final Thought:
Even in a high market, opportunities abound—for those who stay informed and act strategically. Whether you’re profit-taking or bargain-hunting, keep your goals clear and your moves intentional.
Here’s to a smart and prosperous week ahead!