NGX Starts the Week with a Mild Dip — But Institutional Firepower Still in Play!
️ Market Summary: Monday, June 16, 2025
The Nigerian stock market opened the week with a slight decline as the NGX All-Share Index fell by -0.15%, closing at 115,429.54. But don’t be fooled — beneath the surface, big players are moving.
Market Turnover Rose by +27.59% to ₦20.87B even though volume dropped from last week’s high. This suggests large institutional orders in select heavyweight stocks.
Key Weekly Insights (June 9–13 Recap)
• Strong Institutional Positioning: Big-money investors rotated into banking names last week and are still active — just more selective today.
• Banking Sector Rotation: Last week’s heroes became today’s draggers. ZENITHBANK, UBA, and ACCESSCORP saw heavy institutional profit-taking.
• ⚠️ Broad Weakness: Breadth was negative with 47 losers vs 23 gainers, signaling risk-off mood.
Today’s Major Trends
✅ Institutional Activity Dominates:
They accounted for ~90% of total trade value — especially concentrated in:
• ZENITHBANK (15.33% of institutional trades)
• UBA
• ACCESSCORP
Turnover Up, Volume Down:
More money moved, but through fewer hands — hinting at bargain hunting in large caps.
Breadth Still Weak:
Negative sentiment persists. Volume dropped in 77 stocks, while 61 stocks saw increased activity — possibly signaling sector rotation or defensive repositioning.
Big Gainers Today
• VETIVA S&P Bond ETF: +25.81% — Moderate RSI suggests further upside may be possible.
• GUINEAINS: +10% — Sharp move, not yet overbought.
• ELLAH LAKES: +9.93% — RSI is now 79.4 (overbought zone!).
• ROYALEX: +9.68% — 7.8% dividend yield and still not overbought.
⚠️ Watch ELLAHLAKES & GUINEAINS for potential reversal or consolidation — strong recent gains mean volatility could spike.
Top Losers of the Day
• ❌ NNFM: -10% — A past YTD leader, now slipping hard.
• ❌ CILEASING: -9.68% — Sharp sell-off after recent strength.
• ❌ UPL & DEAPCAP: Near oversold levels — still risky for now.
• ❌ LEARNAFRCA: -8.43% — Losing recent gains.
3 Stocks (NNFM, UPL, CILEASING) appear on both daily and YTD losers lists, showing sustained weakness and heavy selling.
Technical Patterns to Watch
Banking Sector is cracking:
ZENITHBANK, ACCESSCORP, UBA, FCMB, and FIRSTHOLDCO have now fallen below their 15-day moving averages. That’s a red flag for near-term trend.
FIDSON & MAYBAKER remain healthcare darlings — strong RSI, strong momentum, and healthy dividends.
Contrarian Clues:
• FCMB & FIRSTHOLDCO saw huge volumes, despite price dips — could indicate capitulation and a buy-the-dip moment brewing.
• OANDO dropped sharply even with a 220% volume spike. RSI above 80 = extreme volatility. Handle with care!
• CONOIL: RSI is 0.02 — yes, practically at the floor. But no reversal yet. “Falling knife” alert!
Defensive Plays to Consider
These stocks combine solid dividend yields with low volatility — potentially good for safety seekers:
• ROYALEX (7.81% yield, still gaining)
• FIDSON (Strong uptrend, 4.14% yield, low beta)
• UBA & FCMB (Attractive yields, but facing pressure—watch for reversal signs)
In Summary:
The week opened quietly, but under the hood, there’s a lot of smart money movement — especially in banking and ETFs. Breadth is weak, but selective institutional accumulation continues.
Stay sharp , watch volume vs price divergence, and track those high RSI gainers for any signs of cooling.
#NGX #MarketUpdate #NigerianStocks #InstitutionalFlow #StockMarket #ETF #BankingSector #FCMB #UBA #ZENITHBANK #FIDSON #ROYALEX
️ Market Summary: Monday, June 16, 2025
The Nigerian stock market opened the week with a slight decline as the NGX All-Share Index fell by -0.15%, closing at 115,429.54. But don’t be fooled — beneath the surface, big players are moving.
Market Turnover Rose by +27.59% to ₦20.87B even though volume dropped from last week’s high. This suggests large institutional orders in select heavyweight stocks.
Key Weekly Insights (June 9–13 Recap)
• Strong Institutional Positioning: Big-money investors rotated into banking names last week and are still active — just more selective today.
• Banking Sector Rotation: Last week’s heroes became today’s draggers. ZENITHBANK, UBA, and ACCESSCORP saw heavy institutional profit-taking.
• ⚠️ Broad Weakness: Breadth was negative with 47 losers vs 23 gainers, signaling risk-off mood.
Today’s Major Trends
✅ Institutional Activity Dominates:
They accounted for ~90% of total trade value — especially concentrated in:
• ZENITHBANK (15.33% of institutional trades)
• UBA
• ACCESSCORP
Turnover Up, Volume Down:
More money moved, but through fewer hands — hinting at bargain hunting in large caps.
Breadth Still Weak:
Negative sentiment persists. Volume dropped in 77 stocks, while 61 stocks saw increased activity — possibly signaling sector rotation or defensive repositioning.
Big Gainers Today
• VETIVA S&P Bond ETF: +25.81% — Moderate RSI suggests further upside may be possible.
• GUINEAINS: +10% — Sharp move, not yet overbought.
• ELLAH LAKES: +9.93% — RSI is now 79.4 (overbought zone!).
• ROYALEX: +9.68% — 7.8% dividend yield and still not overbought.
⚠️ Watch ELLAHLAKES & GUINEAINS for potential reversal or consolidation — strong recent gains mean volatility could spike.
Top Losers of the Day
• ❌ NNFM: -10% — A past YTD leader, now slipping hard.
• ❌ CILEASING: -9.68% — Sharp sell-off after recent strength.
• ❌ UPL & DEAPCAP: Near oversold levels — still risky for now.
• ❌ LEARNAFRCA: -8.43% — Losing recent gains.
3 Stocks (NNFM, UPL, CILEASING) appear on both daily and YTD losers lists, showing sustained weakness and heavy selling.
Technical Patterns to Watch
Banking Sector is cracking:
ZENITHBANK, ACCESSCORP, UBA, FCMB, and FIRSTHOLDCO have now fallen below their 15-day moving averages. That’s a red flag for near-term trend.
FIDSON & MAYBAKER remain healthcare darlings — strong RSI, strong momentum, and healthy dividends.
Contrarian Clues:
• FCMB & FIRSTHOLDCO saw huge volumes, despite price dips — could indicate capitulation and a buy-the-dip moment brewing.
• OANDO dropped sharply even with a 220% volume spike. RSI above 80 = extreme volatility. Handle with care!
• CONOIL: RSI is 0.02 — yes, practically at the floor. But no reversal yet. “Falling knife” alert!
Defensive Plays to Consider
These stocks combine solid dividend yields with low volatility — potentially good for safety seekers:
• ROYALEX (7.81% yield, still gaining)
• FIDSON (Strong uptrend, 4.14% yield, low beta)
• UBA & FCMB (Attractive yields, but facing pressure—watch for reversal signs)
In Summary:
The week opened quietly, but under the hood, there’s a lot of smart money movement — especially in banking and ETFs. Breadth is weak, but selective institutional accumulation continues.
Stay sharp , watch volume vs price divergence, and track those high RSI gainers for any signs of cooling.
#NGX #MarketUpdate #NigerianStocks #InstitutionalFlow #StockMarket #ETF #BankingSector #FCMB #UBA #ZENITHBANK #FIDSON #ROYALEX