Earnings Optimism Triggers N4.32trn Equities Gain In 5 Days

The Nigerian equities market final week sustained its bullish momentum for the tenth consecutive week with a weekly acquire of N4.32 trillion, pushed by a continued inflow of strong half yr (H1) 2025 earnings outcomes, resilient company fundamentals, and enticing dividend declarations.

Investor sentiment remained buoyant throughout key sectors, reinforcing expectations of a robust efficiency trajectory for the remainder of the yr.

The NGX All-Share Index (ASI) surged by 5.07 per cent week-on-week (w/w) to shut at a brand new historic excessive of 141,263.05 factors, whereas the market capitalisation of listed equities superior by N4.32 trillion W-o-W to shut at N89.373 trillion.

Accordingly, the year-to-date (YtD) return as of August 1, 2025 expanded to 37.25 per cent, positioning the Nigerian bourse as one among Africa’s top-performing fairness markets up to now this yr.

Additionally, market breadth for the week was constructive as 54 equities appreciated in worth, 49 equities depreciated in worth, whereas 43 equities remained unchanged. UACN led the gainers desk by 60.69 per cent to shut at N88.30, per share. MeCure Industries adopted with a acquire of 41.52 per cent to shut at N15.85, whereas Custodian Funding went up by 27.87 per cent to shut to N39.00, per share.

On the opposite aspect, Abbey Mortgage Financial institution led the decliners desk by 34.13 per cent to shut at N5.27, per share. FTN Cocoa Processors adopted with a lack of 20.30 per cent to shut at N5.77, whereas Cornerstone Insurance coverage declined by 15.99 per cent to shut at N4.15, per share.

General, a complete of 4.847 billion shares price N149.755 billion in 174,267 offers had been  traded final week by traders on the ground of the Alternate, in distinction to a complete of three.691 billion shares valued at N112.261 billion that exchanged arms prior week in 138,250 offers.

On market outlook, Cowry Asset Administration Restricted stated, “we anticipate the bullish sentiment to persist within the close to time period, supported by under-valuation of the Nigerian market relative to African friends, bettering macro fundamentals, and the expectation of interim dividend declarations by Tier-1 banks.

“With main banks but to launch their H1 outcomes, investor positioning is prone to intensify within the coming classes. We proceed to advise traders to tilt their portfolios towards essentially robust shares with constant earnings energy and potential for dividend earnings, particularly within the banking, cement, and fast-moving shopper items (FMCG) sectors.”

This week, Afrinvest Restricted stated, “We anticipate the bourse to maintain the constructive momentum as traders proceed to answer earnings releases and cherry-pick shares with enticing valuations.”