By Samiat Apr, 28, 2025 Stock Market
Investors Flock to Blue-Chip Stocks as NGX Gains Nearly ₦1 Trillion in Four Days!1. Market Rally Despite Short Trading Week:
Although the trading week was shortened due to the Easter Monday holiday (April 21, 2025), the Nigerian Exchange (NGX) recorded a massive market capitalisation gain of ₦965.7 billion in just four days, fueled by strong investor appetite for blue-chip stocks.
2. Key Drivers Behind the Surge:
• Full-year 2024 earnings reports, dividend declarations, and Q1 2025 results from listed companies boosted confidence.
• Investors actively repositioned in financial and consumer goods stocks.
3. Market Performance Highlights:
• All-Share Index (ASI): Rose 1.46% to close at 105,752.61 points.
• Year-to-Date (YTD) Return: Improved to 2.75%.
• Market Breadth: 63 gainers vs. 27 losers (healthy breadth ratio of 2.33x).
4. Sectoral Performance:
• Top Performers:
• Consumer Goods Index: +8.57% (boosted by International Breweries, NASCON, Ikeja Hotel, Cadbury Nigeria).
• Insurance Index: +7.3% (driven by NEM Insurance, Cornerstone Insurance, Lasaco Assurance).
• Banking Index: +5.06% (helped by JAIZ Bank, ETI, and Access Corporation).
• Lagging Sectors:
• Oil & Gas Index: -0.07%
• Industrial Goods Index: -3.43% (due to profit-taking in Dangote Cement, Berger Paints, Total Nigeria, etc.).
5. Trading Activity Surge:
• Deals: Rose slightly by 0.45% to 51,386 deals.
• Volume: Increased by 21.61% to 1.85 billion units.
• Turnover: Up 30.27% to ₦56.03 billion.
6. New Listing Boost:
• Legend Internet Plc listed 2 billion shares, contributing about ₦11.28 billion to overall market capitalisation.
7. Most Traded Stocks:
• Fidelity Bank Plc, Access Holdings Plc, and Guaranty Trust Holding Company Plc dominated activity, contributing over 43% to the total trading volume.
8. Analysts’ Outlook:
• Bullish sentiment expected to continue as more Q1 results roll in.
• Focus will remain on companies with strong fundamentals, resilient earnings, and attractive dividends.
Analysts urge selective investing, warning that macroeconomic factors and profit-taking could affect gains.
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