By Samiat Apr, 28, 2025 Stock Market
Investors Flock to Blue-Chip Stocks as NGX Gains Nearly ₦1 Trillion in Four Days!• 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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