Equity Investors Gain N2.16trn w/w Amid Mixed Market Trend

BY BONNY AMADI

Investors in shares listed on the NGX Exchange were for a trading period of five days rewarded with a profit of N2.16 trillion. The gains were delivered as gains on the prices of companies shares they owned as at the close of trade on Friday October 10m 2025.

The N2.16 gains recorded in the trading period of five days on the NGX translates to an average of N432billion profit recorded by investors every trading day of the week.

Top on the list of the companies that recorded the highest gains cut across various sectors including, insurance, oil and gas, industrial, consumer goods, commodities, while the banking sector closed in the red as a result of profit taking.

As a result, the Nigerian equities market sustained positive momentum in the week, with overall sentiment remaining bullish despite a moderation in transaction value and trading volume.

The NGX All-Share Index (ASI) advanced by 2.37 per cent w/w to close at 146,988.04 points after hit ting a new 52-week high of 147,107 points on strong market internals, driven by renewed investor interest in fundamentally strong stocks.

Consequently, market capitalization also rose by 2.37 per cent week on week to N93.30 trillion and giving equity investors a total of N2.16 trillion.

The market’s resilience was further reflected in a stronger year-to-date return of 42.81 per cent, underscoring sustained bullish sentiment amid intermittent profit taking.

Evidence of portfolio rebalancing and selective positioning highlighted continued investor confidence in market fundamentals.

Market breadth in the week remained positive at 1.24x, with 51 gainers against 41 losers, indicating cautious optimism.

However, overall activity was in the mixed bag as the total trading volume declined sharply by 72.79% to 2.29 billion shares as well as the weekly transaction value which dropped by 21.11% to N91.13 billion, largely due to fewer block trades.

In contrast, the number of deals increased by 19.36% to 138,301, reflecting stronger participation from retail and mid-tier investors.

Sectoral performance was broadly positive, as five of the six major indices closed higher. The Industrial Goods index led with a 4.23 per cent gain, followed by Insurance index with 3.69 per cent, Oil & Gas with 2.90 per cent growth, Commodities index appreciated by 1.65 per cent, and Consumer Goods with 0.83 per cent. The Banking index was the only laggard, declining 0.41 per cent due to profit-taking and weak sentiment in select counters.

At the stock level, SOVRENINS topped the gainers’ chart with a 16.7 percent w/w advance, trailed by OMATEK with 12.3 per cent, MANSARD gained 11.8 per cent, CHAMS by 11.7 per cent, and EUNISELL appreciating with 11.4 per cent.

Conversely, LIVINGTRUST led the losers, falling 14.6 percent w/w, alongside NEIMETH with -11.0 per cent dip, UHOMREIT, lost 10.0 per cent, MEYER dipped by 9.9 per cent, and JULI weakening by 9.6 per cent.

Looking ahead into this new week, it is expected that the equities market is likely to trade in a mixed but broadly stable pattern in the near term.

While improved corporate earnings and selective bargain hunting may continue to support prices, cautious investor sentiment amid high interest rates, inflationary pressures, and portfolio rebalancing could limit further upside.