NGXASI: Nigeria’s All-Share Index
The Nigerian Exchange (NGX ASI) gained 0.15% and closed at 246,388.22 bps. The index opened with a strong bearish sentiment, recovered, and pulled back. Amid this performance, the index liquidity sustained its recovery phase, while RSI’s momentum and MACD bullish momentum remained strong.
NGXBNK: Banking Sector Index
The banking sector index lost 0.27% and closed at 2,624.45 bps. During intraday trading, the index consolidated and pulled back with a gap — signalling continuous profit-taking. The bearish volume closed strongly above its moving average, signalling massive profit-taking. Due to this sentiment, liquidity declined while momentum remained strong — supporting the bullish momentum.
Top gainers: FCMB (+1.71%), ZENITH (+0.31%), FIRSTHOLD (+0.03%)
Top losers: FIDELITY (-2.50%), ACCESSCORP (-2.44%), UBA (-1.08%), GTCO (-0.23%)
NGXCSMG: Consumer Goods Sector Index
The consumer goods index gained 0.75% and closed at 7,276.05 bps. During intraday trading, the index continued its recovery phase. In line with this performance, the bullish sentiment remained strong. MACD’s bullish momentum remained strong as liquidity recovered gradually.
Top gainers: DANGSUGAR (+1.41%), AFRIPRUD (+1.35%), UCAP (+0.56%)
Top losers: NEM (-4.93%), NPFMCRF (-1.22%)
NGXIND: Industrial Sector Index
This industrial index closed at 10,409.24 bps. During intraday trading, the index did not make any significant change in basis points. Despite this indecisive sentiment, the index volume closed bearish, signalling profit-taking. Also, liquidity and momentum remained solid.
Top loser: CUTIX (-1.22%)
NGXOGSE: Oil and Gas Sector Index
The oil and gas index gained 2.22% and closed at 5,594.51 bps. During intraday trading, the index pulled back and regained momentum with a gap. This performance signals continued investor confidence in the sector. Volume and momentum remained solid, which strengthened MACD’s bullish signal.
Top gainers: SEPLAT (+10.00%), ETERNAO (+0.56%)
NGXINS: Insurance Sector Index
The insurance index lost 2% and closed at 1,132.93 bps. This performance indicated that investors took profits. However, MACD’s bullish momentum remained strong. Investors should watch for a continuous bullish signal.
Top gainers: REGALIN (+4.76%), WAPIC (+4.18%), INTENEG (+0.69%), LASACO (+0.53%)
Top losers: SOVRENI (-9.73%), NEM (-4.93%), AIICO (-4.63%), LINKASS (-2.56%), VERITASKAP (-1.72%)
Market Analyst Insight
As profit-taking prevails, investors are buying into value. This performance signals sustained investor confidence in the Nigerian Stock Exchange. The overall market remains strong and attractive for investment
