Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... CHELLARAM 10.00  HONYFLOUR 10.00  NNFM 9.98  REDSTAREX 9.89  SKYAVN 9.89  ENAMELWA 9.84  VITAFOAM 9.83  TIP 9.82  MCNICHOLS 9.72  UPDCREIT 9.52  VSPBONDETF -27.16  GUINEAINS -10.00  RTBRISCOE -9.70  VERITASKAP -9.30  MAYBAKER -8.95  DAARCOMM -7.14  MERGROWTH -6.98  IKEJAHOTEL -6.87  LIVESTOCK -6.78  REGALINS -5.00 
Get IDIA - the stock trading app for the modern investor
Market Summary 27-01-2025
(Source: CardinalStone Research, Date: 27-Jan-2025)

Equities

 

Bullish start on the local bourse

 

The local bourse started the week with a positive return, as the ASI expanded by 79bps to 104,418.95 points, and market capitalisation increased by N794.81 billion to N64.44 trillion. The bullish posting stemmed from price upticks in lending tickers "" ACCESSCORP (+9.88%), FBNH (+7.84%) and UBA (+4.93%), as well as buy interests in NESTLE (+8.57%). Market sentiment was equally bullish as market breadth printed at 1.27x as 38 winners led by BETAGLAS (+10.00%) outpaced 30 laggards led by MRS (-10.00%).

 

Activity metrics diverged, with total volume traded declining by 10.09% to 518.28 million units and total value traded increasing by 48.10% to N13.30 billion. ACCESSCORP led the volume charts with 51.00 million units (9.84% of total volume) traded, while ZENITHBANK led the value chart with N1.69 billion (12.86% of total value) worth of trades.

 

Mixed sectoral performance


The Banking (+4.71%), Consumer Goods (+1.74%), and Commodity (+0.39%) indices closed positive, driven by price upticks in ACCESSCORP (+9.88%), NESTLE (+8.57%) and PRESCO (+8.74%), respectively. While the Insurance (-0.95%), Oil & Gas (-0.89%) and Industrial Goods (-0.03%) indices all closed negative as investors sold off WAPIC (-7.81%) OANDO (-6.39%) and WAPCO (-0.57%).


 

Bonds


The FGN secondary bond market was bullish today, with activity across the short-end (-2bps) and mid-segment (-4bps) of the yield curve. Accordingly, the average yield on FGN bonds moderated by 2bps to settle at 20.70%.

 

Money market


The interbank rates"”OPR and OVN"”contracted 42bps and 33bps, respectively, to settle at 26.58% and 27.17%, respectively.

Kindly click here for the summary of activities in the market today

CardinalStone Research 



Lagos Office: 5 Okotie Eboh Street 

                        South-West Ikoyi, Lagos

                        Nigeria


Abuja Office: 4 Misratah Street

                        Wuse II, Abuja, Nigeria


Tel: +234(1) 7100433, 7100434

Email: research@cardinalstone.com 

Website: www.cardinalstone.com  


---------------------------------------------------------------------------------------------------------------------------------

CardinalStone is an investment management firm located in Nigeria and registered with the Securities and Exchange Commission (SEC).

Facebook  Twitter  Instagram  Linkedin  Youtube  
Top News

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (30-Jan-2025 15:11:43.217)

INFOWARE TERMINAL
30-Jan-2025 15:11:43.000

InfoWARE Analyst Daily Market Report (30-Jan-2025 15:11:39.136)

INFOWARE TERMINAL
30-Jan-2025 15:11:39.000

[XNSA]>> DAILY FUND PRICE SUBMISSION - FCMB ASSET MANAGEMENT LIMITED

NGX
30-Jan-2025 13:15:35.000

[GEREGU]>>Corporate Disclosures-<GEREGU POWER PLC>

NGX
30-Jan-2025 10:55:08.000

[MERGROWTH]>> DAILY INDICATIVE PRICES

NGX
30-Jan-2025 10:10:17.000

[VSPBONDETF]>> DAILY INDICATIVE PRICES

NGX
30-Jan-2025 10:10:17.000

[BERGER]>>Corporate Disclosures-<BERGER PAINTS NIGERIA PLC>

NGX
30-Jan-2025 10:01:18.000

[XNSA]>> NGX FIXED INCOME INDICATIVE PRICE LIST FOR JAN 30, 2025

NGX
30-Jan-2025 09:58:05.000

[XNSA]>> CORDROS MILESTONE FUNDS' BID & OFFER PRICES

NGX
30-Jan-2025 09:58:04.000

[GEREGU]>>Corporate Disclosures-<GEREGU POWER PLC>

NGX
30-Jan-2025 09:45:07.000

[XNSA]>> SUPPLEMENTARY LISTING - FCMB GROUP PLC

NGX
30-Jan-2025 09:42:25.000

[SIAMLETF40]>> DAILY INDICATIVE PRICES

NGX
30-Jan-2025 09:42:25.000

[XNSA]>> ACTIVATION OF CODE FOR TRADING IN RIGHTS

NGX
30-Jan-2025 09:10:46.000

[XNSA]>> JOINT TRAINING ORGANIZED BY THE CIS ACADEMY AND LAGOS BUSINESS SCHOOL

NGX
30-Jan-2025 09:05:42.000

[MEYER]>>Corporate Disclosures-<MEYER PLC>

NGX
30-Jan-2025 08:42:37.000

[PRESTIGE]>>Corporate Disclosures-<PRESTIGE ASSURANCE PLC>

NGX
30-Jan-2025 08:42:37.000

[BUACEMENT]>>Notice of Meeting -<BUA Cement Plc>

NGX
30-Jan-2025 08:42:37.000

[HONYFLOUR]>>Notice of Meeting -<HONEYWELL FLOUR MILL PLC>

NGX
30-Jan-2025 08:42:37.000

[XNSA]>> CLOSING GONG CEREMONY BY THE KATSINA STATE GOVERNOR

NGX
30-Jan-2025 07:50:36.000

[INTBREW]>>Corporate Disclosures-<INTERNATIONAL BREWERIES PLC.>

NGX
30-Jan-2025 07:31:46.000

[AIRTELAFRI]>>Corporate Disclosures-<Airtel Africa Plc>

NGX
30-Jan-2025 07:31:46.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (29-Jan-2025 15:07:47.152)

INFOWARE TERMINAL
29-Jan-2025 15:07:47.000

InfoWARE Analyst Daily Market Report (29-Jan-2025 15:07:43.136)

INFOWARE TERMINAL
29-Jan-2025 15:07:43.000

[XNSA]>> OFF MARKET TRADE

NGX
29-Jan-2025 12:39:47.000

[SEPLAT]>>Corporate Disclosures-<SEPLAT ENERGY PLC>

NGX
29-Jan-2025 12:36:21.000

[MERGROWTH]>> DAILY INDICATIVE PRICES

NGX
29-Jan-2025 12:35:40.000

[XNSA]>> DAILY FUND PRICE SUBMISSION - FCMB ASSET MANAGEMENT LIMITED

NGX
29-Jan-2025 12:35:40.000

[VETGOODS]>> DAILY INDICATIVE PRICES

NGX
29-Jan-2025 10:22:49.000

[XNSA]>> NGX FIXED INCOME INDICATIVE PRICE LIST FOR JAN 29, 2025

NGX
29-Jan-2025 10:22:49.000

[XNSA]>> EMERGING AFRICA DAILY MUTUAL FUND PRICES

NGX
29-Jan-2025 09:50:33.000
Get IDIA - the stock trading app for the modern investor
Company
Contacts
  • 8th Floor,
  • South Atlantic Petroleum Towers,
  • 1 Adeola Odeku Street,
  • Victoria Island,
  • Lagos, Nigeria.

  • Email: solutions@infowarelimited.com
Follow Us
 
facebook twitter skype youtube
Market data may be delayed up to 15 minutes