₦airaland Forum

Industrial Index Sheds 5.45% Amid Profit-Taking, Bargain Hunting

Nigeria’s All-Shares Performance for 7th May, 2026

Nigeria’s benchmark index shed 1.23% to continue its distribution phase, closing at 239,734.61 basis points which is above its moving average. This indicates that the market remains strong irrespective of the prevailing bearish sentiment

The NGX All-Share Index suffered a decline, aligning with the overall market sentiment. Amid this bearish sentiment, investors engaged in bargain hunting to rebalance their portfolios. Which sector benefited more despite NGXASI’s performance?.....

https://investdata.com.ng/industrial-index-sheds-5-45-amid-profit-taking-bargain-hunting/

Trading NGX Volatility By Believing What You See... Join me for InvestData Live with Ambrose Omordion by 12pm

Dear Investors and Traders,


*Investdata Trading Academy Live with Ambrose*

This is about understanding the daily volatility to take profitable investment decision knowing the trend and market every hour.

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Market Update For May 07, 2026



https://www.youtube.com/watch?v=gfR-TLjWp_c

Nigerian All-share performance for May 06, 2026


https://www.youtube.com/watch?v=dRzWktWEIDI?si=-8dvb31zzXwTJq1g

NGX Extend historicals Rally


https://www.youtube.com/watch?v=xwZWh018nEs?si=mvTUKCd15cDYRZAH

Market Sentiment Report for May 05, 2026


https://www.youtube.com/watch?v=0x-hdY5iLmo?si=upf2YgwuN7WrbotG

Nigerian Bourse Extends Bull Run, Banking Stocks Drive Gains Amid Mixed Participation

Market Update For May 6, 2026

The Nigerian equities market extended its upward trajectory on Wednesday as sustained buying interest in banking names and selective mid-cap stocks kept the bulls in control. The session reflected a market still benefiting from improving liquidity conditions, with investors reallocating funds from the fixed income space into equities in search of higher real returns amid moderating yields.

Trading sentiment remained broadly positive, although participation was far from uniform. Institutional investors appeared measured in their approach, focusing on fundamentally sound and liquid counters, particularly within the financial services space. This selective accumulation trend continues to define the current phase of the market, where strength in a few heavyweights is sufficient to lift the broader index.

Sectoral performance reinforced this narrative. The Banking Index emerged as the clear outperformer, advancing by 1.11% on the back of renewed demand in tier-1 and tier-2 lenders. This sector continues to attract attention due to its earnings resilience, attractive dividend yields, and strong positioning in a high-interest-rate environment. The Oil & Gas Index also posted a modest gain of 0.39%, supported by lingering supply concerns in the global energy market, although upside was capped by the sharp pullback in crude oil prices. On the flip side, the Consumer Goods sector closed marginally negative, reflecting mild profit-taking, while the Industrial Goods sector traded flat, indicating a lack of fresh catalysts.

Market activity presented a mixed picture, highlighting the divergence between price action and participation. In one segment, total volume declined by 28.89% to 346.40 million units, while value traded dropped by 27.88% to ₦12.01 billion across 11,210 deals, suggesting reduced broad-based engagement. However, another data set showed an increase in traded volume by 11.57% to 14.20 million units, even as value declined by 21.00% to ₦59.43 billion across 85,804 deals. This contrast points to a shift toward lower-priced and mid-cap stocks, where retail and speculative activity tends to dominate.

A closer look at market movers underscores this concentration of activity. CWG stood out as the most actively traded stock, recording an impressive 471.69 million units valued at ₦8.95 billion, far exceeding other counters. ACCESSCORP followed with 85.19 million units worth ₦2.12 billion, while CHAMS traded 83.38 million units valued at ₦267.07 million. NSLTECH and ZENITHBANK also featured prominently, with 59.75 million and 50.05 million units traded respectively. Earlier session data further revealed that Access Holdings alone accounted for 43% of total traded volume, with FBNH and UBA contributing 20% and 14% respectively, reinforcing the dominance of banking stocks in driving market liquidity.

On the global front, crude oil prices came under significant pressure, falling to two-week lows amid growing optimism around a potential diplomatic resolution between the United States and Iran. Brent crude declined by 6.07% to $103.20 per barrel after briefly dipping below the $100 mark for the first time since late April, while West Texas Intermediate (WTI) fell by 6.2% to $95.93. The sharp decline was triggered by reports that both countries are nearing a preliminary agreement, raising expectations of improved supply conditions and a possible easing of tensions around the Strait of Hormuz. This development has important implications for Nigeria, given the country’s reliance on oil revenues, and could influence investor sentiment in the near term.

Despite the pullback in oil prices, some supportive fundamentals remain in play. U.S. crude inventories declined for a third consecutive week, alongside reductions in gasoline and distillate stocks, signaling underlying demand strength. However, the broader market focus has shifted toward geopolitical developments, which continue to exert a stronger influence on price direction.

Technical Analysis and Outlook

From a technical standpoint, the NGX All-Share Index remains firmly in an uptrend, characterized by a consistent pattern of higher highs and higher lows. This structure confirms the presence of sustained bullish momentum, with the index trading comfortably above key support levels. The ability of the market to maintain its upward trajectory despite declining volume suggests that smart money continues to accumulate positions in select stocks.

That said, the divergence between rising prices and weakening volume is a signal worth monitoring. It indicates that the current rally may lack the depth required for a strong breakout in the near term, increasing the probability of consolidation or intermittent pullbacks. Momentum indicators still point to strength, particularly in banking stocks, but overbought conditions in some counters could trigger profit-taking.

Looking ahead, the outlook remains cautiously optimistic. Liquidity conditions are expected to remain supportive, and sector rotation into financials and high-performing mid-caps is likely to persist. However, external factors such as oil price volatility, exchange rate movements, and macroeconomic policy direction will play a critical role in shaping investor sentiment. A sustained rally will depend on broader market participation and continued earnings support from key sectors.

Market Snapshot

The NGX All-Share Index advanced by 0.43% to close at 119,439.01 points, adding 514.36 points, while market capitalisation increased to ₦75.50 trillion from ₦75.17 trillion. In the broader market view, the index rose by 0.41% to 242,729.51 points, with total capitalisation reaching ₦155.78 trillion and the year-to-date return strengthening to 55.98%. Market breadth remained positive at 47 gainers against 23 losers, reflecting a bullish undertone. Trading activity was mixed, with 346.40 million shares valued at ₦12.01 billion exchanged in 11,210 deals, while another segment recorded 14.20 million units worth ₦59.43 billion across 85,804 deals. Market movers were dominated by CWG with 471.69 million units traded valued at ₦8.95 billion, followed by ACCESSCORP with 85.19 million units worth ₦2.12 billion, CHAMS with 83.38 million units valued at ₦267.07 million, NSLTECH with 59.75 million units worth ₦59.51 million, and ZENITHBANK with 50.05 million units valued at ₦7.16 billion. On the gainers’ table, AIRTELAFRI surged by ₦302.10 to close at ₦3,323.40, CAP appreciated by ₦17.55 to ₦193.20, ZICHIS gained ₦2.50 to ₦27.58, RTBRISCOE rose by ₦1.28 to ₦14.15, and FTNCOCOA advanced by ₦0.66 to ₦7.31. Conversely, SUNUASSUR declined by ₦0.45 to ₦4.05, GUINNESS dropped ₦44.70 to ₦402.60, CAVERTON fell by ₦0.50 to ₦5.50, FTGINSURE shed ₦0.09 to ₦1.08, and MAYBAKER lost ₦3.00 to close at ₦41.00.

https://investdata.com.ng/nigerian-bourse-extends-bull-run-banking-stocks-drive-gains-amid-mixed-participation/

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Dear Investors and Traders,

I just posted *NGX Five Months Rally At Crossroad Of Continuation & Pullbacks.*

Share with me what you think about the VIDEO.



https://www.youtube.com/watch?v=OUP7NS7zi4U?si=AMOy62z64wK9hkJh

Best
Ambrose Omordion

*Big Breakouts & Pullbacks Coming On The NGX*

Dear Investors and Traders,

I have just released an exclusive video that breaks down simple strategies to trade in this Earning Season.

*Big Breakouts & Pullbacks Coming On The NGX*, I delve into:

. Global Market Overview.
. Reasons why market is flat in the Eurozone.
. What is the next level in NGX?
. How to play the market with smart moves.
. Will there be Pullback or uptrend.
. Using a simple technical tool to make a smart decision.
. How to Navigate the current market.
. Why it very important to pay attention to money flow, RSI, MACD...etc


I do love to hear your thoughts on thought on the below.

🔗https://www.youtube.com/live/KpH0AETLDrs?si=Vt8j-oYDKzQKvRxv

To ensure you never miss these timely insights:

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2. Hit the notification bell to be alerted as soon as new content goes live.

Your journey to smarter, more informed trading starts here.

Best regards,
Ambrose Omordion

Oil Holds Above $100 As Gulf Tensions Cap Gains Despite OPEC+ Supply Boost

Akintunde Oyedokun 
Research Analyst 

Oil prices eased from earlier highs on Monday amid mixed reports on U.S. naval activity in the Gulf. Brent rose 1.9% to $110.22 after hitting $114.30, while WTI gained 0.5% to $102.41, down from $107.46.

Initial gains were driven by Iranian claims of an attack on a U.S. warship, which Washington denied. Prices remain supported by ongoing disruptions in the Strait of Hormuz, a key oil route.

Italy Manufacturing Costs Surge to Near 4-Year High Amid Middle East Tensions

Italy’s manufacturing cost pressures hit a near four-year high in April due to Middle East tensions.

Input cost inflation rose to 75.4 from 69.0, its highest since May 2022. The PMI improved slightly to 52.1 from 51.3, staying in expansion territory.

However, supply delays and rising costs continued to squeeze margins, while inflation climbed to 2.9% on higher energy prices.

Growth forecasts were also cut to 0.6% for 2026 and 2027.

France Factory Sector Hits 2-Year High As Inflation Fears Drive Early Buying

French factory activity rose in April as output and new orders increased, with firms seeing a surge in early buying amid inflation fears linked to Iran tensions, S&P Global said.

The PMI rose to 52.8 from 50.0, its strongest since May 2022, with new orders returning to growth and production expanding at a faster pace.

Cost pressures also climbed, with input inflation at a two-year high and selling prices rising at their fastest in over three years.

South Africa Manufacturing Returns To Growth in April

South Africa’s manufacturing sector returned to growth in April, with the PMI rising to 52.6 from 49.0 in March, its first expansion since September 2025.

Output and new orders improved, with business activity at 52.8 and new sales orders at 52.9. However, Absa warned the rebound may be driven by early demand ahead of price increases.

Input costs rose due to a weaker rand and higher oil prices, while business confidence remained cautious despite a slight improvement.

Nigeria’s NNPC Reports ₦276bn Profit In March On Higher Gas Output

NNPC Limited posted a ₦276 billion profit after tax in March 2026, supported by increased gas production.

Gas output rose to 7,731 mmscf/d from 7,458 mmscf/d in February, while crude production also improved slightly to 1.56 million barrels per day. Revenue stood at ₦2.774 trillion, with ₦2.888 trillion remitted to the government in Q1.

Crude sales fell during the month, despite stronger production, while gas sales increased. The company cited improved output from completed maintenance at the Bonga field, though pipeline disruptions weighed on overall performance

https://investdata.com.ng/oil-holds-above-100-as-gulf-tensions-cap-gains-despite-opec-supply-boost/

Oil Surges Past $126 On Iran–US Conflict Fears, Volatility Rocks Global Markets

Research Analyst 

Oil spiked above $126 per barrel as fears of escalating U.S.–Iran tensions hit supply outlook, before easing later.

Brent has more than doubled since February, while WTI is up about 90%, driven by concerns over the Strait of Hormuz.

Brent hit $126.41 before slipping to around $113.89, while WTI eased to about $104.60.

Reduced shipping through the Strait has deepened supply worries, with analysts warning prices may stay elevated if tensions persist.

BoE Holds Rates at 3.75% as Iran War Clouds Outlook, Signals Possible Tightening

The Bank of England kept rates at 3.75% in an 8–1 vote, with one call for 4%. Markets cut hike bets to 0.61% from 0.76%.

Oil at $127 could push inflation to 6.2% by 2027, while easing to $80 would reduce pressure. Bailey expects a peak just above 3.5% in 2026, maintaining an “active hold.”

Policymakers remain split between early tightening and waiting for clearer inflation signals.

Canada’s Economy Edges Up 0.2% in February as Manufacturing Leads Growth

Canada’s economy expanded by 0.2% in February, matching forecasts and marking a fourth straight month of growth after a 0.1% rise in January.

The modest pickup was driven by strong performance in goods-producing sectors, particularly manufacturing, alongside rebounds in wholesale trade, transportation, warehousing, and gains in mining and oil and gas extraction.

Manufacturing stood out with a 1.8% jump—its strongest monthly growth since January 2023—despite ongoing pressure from U.S. tariffs on key industries like steel, autos, and lumber.

Gabon Gets $150m World Bank Boost, Begins Debt Audit

Gabon has secured a $150 million programme from the World Bank, bringing total support to $600 million, and will launch an audit of its public debt.

The review, backed by the International Monetary Fund, will examine borrowings from 2016–2023 over concerns about uncompleted projects, missing funds, and rule breaches. The audit will last up to three months as the country seeks to stabilise its finances and access fresh funding.

Nigeria’s State Oil Giant Completes OB3 River Niger Crossing, Adds 2bcf/d Capacity

The Nigerian National Petroleum Company Limited has completed the River Niger crossing on the OB3 Gas Pipeline, unlocking an additional 2 billion standard cubic feet per day in capacity.

The company said the milestone improves gas supply reliability, boosts power generation, and supports industrial growth.

Group CEO Bashir Bayo Ojulari described it as a key achievement that strengthens Nigeria’s energy infrastructure and gas distribution network.

https://investdata.com.ng/oil-surges-past-126-on-iran-us-conflict-fears-volatility-rocks-global-markets/

NGX Composite Index Hits New High, Ends April On Strong Bullish Sentiment

Nigeria’s All-Index Performance for 30th April 2026

The Nigerian Exchange’s All-Share index closed the month of April on Thursday with a strong bullish sentiment at 242,277.81 basis points, a new all-time high, thereby strengthening its markup phase. Thus, this report will, therefore, highlight companies that supported this bullish rally.


While global tensions remain fresh the NSEASI remains resilient, trading above its moving average with good volume. The market momentum and liquidity stay solid, offering favourable trading conditions for investors.

Sectoral Index Performance
NGXBNK: Banking Sector Index

The banking sector index gained 20.45% closing the month with a strong bullish sentiment. The index experienced a strong markup phase through April, following a brief consolidation period. Closing at 2,281.39bps, the index recorded a new all-time high and resistance level at 2,415.87. Notable contributors included ETI, First Holdings, UBA, Wema, and Stanbic.


The indicators on the monthly chart indicated strong bullish sentiment with 7.773 billion shares purchased. Liquidity and momentum stayed strong, as stochastic indicates favourable investment opportunities.

NGXCSMG: Consumer Goods Sector Index

The NGXCSMG gained 15.48%, closing the month with a strong bullish candlestick. The index experienced a strong markup phase throughout April, following March’s distribution phases. Closing at 6,519.03, the index recorded a new all-time high and resistance level at 6,573.88. Notable contributors included UACN, UNIONDICON, NASCON, PZ, UNILEVER, BUAFOODS, and NB.


The indicators on the monthly chart aligned with the overall bullish sentiment. MACD improved its bullish momentum, following RSI and MFI’s strong momentum and liquidity. Finally, stochastic signals favourable trading conditions.

NGXIND: Industrial Sector Index

The industrial sector index gained 28.75% on the monthly chart, closing at 11,277.17. The index reached three milestones, following its strong bullish sentiment in April. It also recorded a new all-time high. Notable contributors included DANGCEM, WAPCO, and CAP.


The industrial index commences in April with an accumulation phase. Then, it transitioned to a strong markup phase, which is why the bullish volume didn’t surpass its predecessor. However, volume closed strongly above its moving average. Other indicators remained bullish, indicating solid market liquidity and offering favourable investment opportunities.

NGXOGSE: Oil and Gas Sector Index

The oil sector index gained 39.16% on the monthly chart, closing at 6,097.34. In line with this performance, the index recorded a new all-time high. The index continues to attract investors amid the global crisis. Notable contributors to the bullish sentiment were ARADEL and SEPLAT


The index experienced two accumulation and markup phases in April. Due to this experience volume didn’t surpass its predecessors. However, it sustained its strength. Other indicators remained strongly bullish, offering favourable investment opportunities.

NGXINS: Insurance Sector Index

The insurance index lost 8.38% on the monthly chart closing at 1,186.50 The index experienced a strong markdown phase through April. The index remains bullish on the monthly timeframe which indicates investment potential. Notable companies that contributed were INTENEGINS, SOVRENINS, and ROYALEX.


The bearish volume remained low, while other indicators declined. Amid the index’s decline, the momentum and liquidity in the market remained solid. This performance indicates that the NGXINS has potential for an upward rally next month.

Final Thought
The overall marketing is strongly bullish due to developments and achievements that renewed investors’ confidence. April was impulsive, investors should be prepared for a potential pullback era. While this pullback occurs, the insurance sector could commence its bullish rally.

https://investdata.com.ng/ngx-composite-index-hits-new-high-ends-april-on-strong-bullish-sentiment/

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*Don't Be Deceived By Dangote Refinery IPO Hype – One Mistake and You Could Face The Risk of Returning money.*

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https://www.youtube.com/watch?v=QR6nZ9EXOnE

I’d love to hear your thoughts on this.

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1. Click the *SUBSCRIBE* button for ongoing access to expert analysis.
2. Hit the notification bell to be alerted as soon as new content goes live.

Your journey to smarter, more informed IPO trading starts here.

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Ambrose Omordion

From Labour to Gains… Happy Workers’ Day! (But don’t let your money stay idle)

It’s Ambrose Again.

Happy Workers’ Day!

As Peter F. Drucker once said: “Work is an extension of personality. It is an achievement. It is one of the ways in which a person defines himself, measures his worth and his humanity.”

But here’s a hard question — is your money working as hard as you do?

This May, we wish you unlimited success and prosperity.
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New Month Charge

“May is your opportunity to reposition your portfolio. Will you watch the market… or make it work for you?”

👉 Drop “READY” if you’re serious about growth this month.
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Reminder... Reminder... Reminder...

Don't Miss out

Topic: Understanding The Power Of Money Flow & Earnings Power In Sector Rotation On NGX...Find out in this Saturday's InvestData Questions and Answers Session by 12pm.

Dear Investors and Traders,

Welcome to another important InvestData Q&A session, designed for the serious market participants.

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Prepare for a decisive deep-dive: Understanding The Power Of Money Flow & Earnings Power In Sector Rotation On NGX.

The market continues: Nigerian Bourse Soars 3.77% On Strong Buying Momentum, Benchmark Index Hits New Peak. The outlook is firming, signaling both opportunity and significant risk for the unprepared.

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Happy New Month – May 2026

Welcome to the month of May! A new month brings fresh opportunities, renewed focus, and greater possibilities in the financial markets.

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Nigeria’s Composite Index Jumps 2.23% As Equities Recover Losses On Strong Demand

Market Update For April 28, 2028

The Nigerian equities market returned to bullish form on Tuesday, April 28, 2026, as strong buying momentum across key sectors reversed the previous session’s losses. The recovery was largely driven by renewed institutional interest in high-cap and fundamentally sound stocks, reinforcing the market’s resilient uptrend.

From the opening bell, demand outweighed supply in major counters, particularly within the industrial, consumer, and energy spaces. Stocks such as WAPCO, DANGCEM, BUACEMENT, and BUAFOODS anchored the rally, leveraging their significant index weight to push the market higher. These names continue to attract smart money flows, reflecting confidence in their earnings strength and pricing power in an inflationary environment.

Energy stocks also stood out, with ARADEL, ETERNA, and TIP gaining strongly, supported by rising crude oil prices in the international market. The sustained rally in oil continues to enhance sentiment around upstream and downstream players, positioning the sector as a key beneficiary of global supply disruptions.

Consumer goods stocks joined the uptrend, as PRESCO, NB, VITAFOAM, and UACN recorded notable gains. These counters remain attractive for their defensive qualities and ability to pass on rising costs, making them appealing in the current macro environment.

The banking sector, however, presented a mixed picture. While GTCO, ZENITHBANK, FIRSTHOLDCO, and WEMABANK posted modest gains, profit-taking pressure persisted in some tier-1 names, most notably UBA, which led the losers’ chart. This reflects lingering concerns around earnings performance and investor rebalancing following recent sector rallies.

A key highlight of the session was the breakout of several stocks to new 52-week highs, including WAPCO (₦324.50), ARADEL (₦1,840.00), TIP (₦25.35), and BUAFOODS (₦967.00). These breakouts reinforce the strength of the current uptrend and typically attract momentum-driven inflows, further supporting price appreciation.

Market participation improved significantly, with a surge in trading volume and value. ACCESSCORP dominated volume activity, accounting for a quarter of total trades, while NESTLE led value contribution, reflecting sustained institutional positioning. Other active names such as FIDELITYBK, WEMABANK, and ARADEL also recorded strong turnover, highlighting broad engagement across the market.

Technical Analysis & Outlook

Technically, the NGX All-Share Index confirmed a bullish continuation pattern, reclaiming the 228,000 level with conviction. This move reaffirms the market’s upward structure, characterized by higher highs and higher lows, and supported by strong momentum.

However, the divergence between the index performance and market breadth—where decliners slightly outpaced gainers—signals that the rally remains selective. This suggests that while large-cap stocks are driving the market higher, broader participation has yet to fully materialize.

Momentum indicators remain positive but are approaching overbought levels, raising the likelihood of near-term consolidation. Investors may begin to lock in profits, particularly in stocks that have recorded sharp gains or are trading near resistance levels.

In the near term, the outlook remains bullish, supported by strong liquidity, sector rotation, and positive sentiment. Nevertheless, intermittent pullbacks are expected and should be viewed as healthy corrections within an ongoing uptrend.

Crude oil prices extended their rally, with Brent crude rising to $111.60 per barrel and WTI climbing above $100. The surge is driven by geopolitical tensions in the Middle East, particularly the continued disruption of shipping through the Strait of Hormuz.

The deadlock in negotiations between the United States and Iran has heightened supply concerns, while the UAE’s exit from OPEC+ has introduced additional uncertainty into the market. Despite this, supply constraints remain the dominant theme, supporting elevated oil prices.

For Nigeria, sustained high oil prices are a positive macro driver, boosting revenue outlook and supporting investor sentiment, particularly in energy-linked equities.

Market Summary

The NGX All-Share Index (ASI) gained 2.23% to close at 228,579.80 points, up from 223,602.29 points in the prior session. Market capitalisation increased by ₦3.2trn to ₦147.17trn, while the year-to-date return improved to 46.89%.

Market breadth closed slightly negative, with 40 decliners against 39 gainers, reflecting selective buying pressure.

Top gainers included WAPCO (+10.00%) at ₦324.50, IMG (+10.00%), ARADEL (+9.52%) at ₦1,840.00, PRESCO (+9.52%), TIP (+9.27%) at ₦25.35, BUAFOODS (+8.65%) at ₦967.00, UACN (+5.63%), VITAFOAM (+5.00%), ETERNA (+4.71%), BUACEMENT (+4.48%), DANGCEM (+3.46%), WEMABANK (+2.94%), NB (+1.72%), GTCO (+1.45%), IKEJAHOTEL (+1.41%), CAP (+1.27%), FIRSTHOLDCO (+1.04%), ZENITHBANK (+0.70%), and MTNN (+0.09%), alongside other advancing stocks.

On the losers’ side, UBA led the decline, accompanied by other laggards including ACCESSCORP and additional decliners, bringing total losers to 40.

Trading activity strengthened significantly, with total volume rising by 41.51% to 959.45 million units, valued at ₦70.42bn across 74,570 deals. ACCESSCORP accounted for 25.37% of traded volume, while NESTLE led value trades with ₦15.27bn, representing 21.68% of total turnover. FIDELITYBK and WEMABANK contributed 6.96% and 5.72% to volume, respectively, while ARADEL and ACCESSCORP ranked among the top in traded value.

https://investdata.com.ng/nigerias-composite-index-jumps-2-23-as-equities-recover-losses-on-strong-demand/

Trading The New Phase Of NGX: Technically & Fundamentally... Join me for InvestData Live with Ambrose Omordion by 12pm.

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*Investdata Trading Academy Live with Ambrose*

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What To Happen For NGX Historic Rally To Continue

Dear Investors and Traders,

I have just released an exclusive video that breaks down simple strategies to trade in this Earning Season.

*What To Happen For NGX Historic Rally To Continue*, I delve into:

. Geopolitics and how how Iran war it is affecting Markets globally.

. Reasons for the current profit taking on NGX.

. Factors to consider whether the market will go an uptrend or Downtrend.

. How to navigate and trade effectively and efficiently in this new NGX closing Window.

. As a long term investor, The reason you should not chase the ups and downs in the market... Etc


I do love to hear your thoughts on thought on the below.

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Dear Investors and Traders,

I just posted *Profit Booking On Banking Stocks And Others weighed On NGX Amidst Q1 Earnings Reports...*

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https://www.youtube.com/watch?v=o3WO4Sh5HZo


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"Work hard in silence, let your success be your noise."

— Frank Ocean.

*UBA Still Offer Value Despite Mixed Numbers*

Dear Investors and Traders,

Discerning investors should focus on value companies and financial institutions that successfully completed their recapitalization exercises.

Despite the mixed performance across 2025, Nigerian banks retain strong upside potential for medium- to long-term players.

Recent panic selling in select counters is creating attractive entry points for value investors.

Among Tier-1 names, *UBA remains undervalued relative to its peers* based on current multiples and earnings prospects. Market players should also monitor the turnaround and recovery story in the Pan-African banking space and begin positioning ahead of future rerating.

*Key takeaway:* Accumulate quality banks on weakness. The recapitalization phase has separated strong players from the rest.

Click on the below link to watch a comprehensive analysis of why you should take action now.

https://www.youtube.com/live/TuEdQY38WFY?si=ntSuNl7wcjbEtkua

Ambrose Omordion

NGXASI Sustains Bullish Sentiment Amid More Opportunities


Nigeria’s All-Shares Weekly Performance for April 20-24

The NGXASI closed the week gaining 3.94% with a strong bullish sentiment. The performance recorded a new all-time high, closing at 225,724.33. This reflects a continuous investor confidence in the Nigerian bourse.

The nature of the NGXASI’s bullish volume was progressive. Following this sentiment, MACD renewed its bullish momentum.  Additionally, the Nigerian bourse closed the week on a positive note, indicating that it is favourable for investment. RSI and MFI are aligned with the stochastic signal by maintaining liquidity and strong market momentum. What sectors offer favourable investment opportunities

Sectoral Index Performance

NGXBNK: Banking Sector Index

The banking sector closed the week gaining 6.81% at 2,414.65. This performance led to a new all-time high and resistance level at 2145.62. The index experienced a strong bullish rally this week following an outstanding performance from blue-chip banking companies. These companies include ACCESSCORP, FIRSTHOLDCO, ETI, WEMA, GTCO, and STANBIC.

The NGXBNK closed the week with a strong bullish volume, which exceeded last week’s performance. Volume closed above its moving average with a reading of 1.588 billion shares against 1.361 billion shares. This performance signifies enhanced investor interest in the sector.

Following this performance, MFI and RSI closed the week with high liquidity and strong momentum. Finally, Stochastics signalled a good investment opportunity for investors, despite being in the overbought region.

NGXCSMG: Consumer Goods Sectors Index

The consumer goods sector closed this week gaining 5.56% at 6,571.55. This performance reached a new all-time high, creating a resistance level at 6,573.88. Blue-chip banking companies supported the strong bullish sentiment of the index. While other consumer goods companies such as PZ, DANGSUGAR, GUINNESS, and UNILEVER.

The NGXCSMG closed with a strong bullish volume, revealing a renewed investor confidence. The bullish volume traded above its moving average, closing with 1.853 billion bought shares. Following this sentiment, MACD regained its bullish momentum. RSI and MFI indicated sustained market liquidity and momentum. Stochastic is aligned with the overall market sentiment by signalling an investment opportunity.

NGXIND: Industrial Sector Index

The industrial sector experienced another strong bullish sentiment this week, gaining  7.70%. The index closed at 9,648.02, recording a new all-time high. The companies that influenced this strong bullish rally include WAPCO, DANGCEM, BETAGLAS, IMG, and MULTIVERSE.

The performance of the NGXIND’s volume was progressive. As opposed to last week, the bullish volume closed above its moving average with a reading of 134.384 million purchased shares. MACD renewed its bullish momentum. Additionally, MFI and RSI sustained high market liquidity and strength. As a result, stochastic indicated a renewed investor confidence in the sector.

NGXOGSE: Oil and Gas Sector Index

The oil sector was in its distribution phase this week. Thus, it closed with a bearish candlestick. Despite closing bearish, the index reached a new all-time high (5,349.08), recording a potential resistance level for its distribution phase. Companies in this sector didn’t experience a significant change aside from profit-taking.

Despite profit-taking, the indicators on the weekly chart sustained their bullish sentiment. Volume aligned with the profit-taking activity. RSI and MFI sustained high liquidity and momentum, strengthening MACD’s bullish momentum. Following this sentiment, stochastic signalled that the index offers an investment opportunity

NGXINS: Insurance Sector Index

The insurance sector gained 0.4% on the weekly chart, closing at 1,200.01. This performance validated the strength of the index’s support level (1,195.58). The companies that supported this index’s strength include VERITASKAP, WAPIC, LINKASSURE, CONHALLPLC, and NEM.

The indicators on the weekly chart are favourable for medium and long-term investment. MFI indicates solid liquidity in the market. RSI is at an equilibrium. Then stochastics signalled that the index has potential for a bullish rally. Following these sentiments, MACD remained strongly bearish.

Final Thought

Although these indices closed the week offering favourable investment opportunities, investors should be aware that the market hasn’t corrected itself. Sectors such as banking, industrial, and consumer goods are close to their corrective phase. While the oil and insurance sectors offer a safer investment opportunity.

https://investdata.com.ng/ngxasi-sustains-bullish-sentiment-amid-more-opportunities/

NGX Extends Historic Rally As Composite Index Trades Above 225,000bps, YTD Return Hits 45%

The bull-run on the Nigerian Exchange continued for a fourth consecutive week on the back of increasing buying interests in highly priced stocks and blue-chip companies with strong fundamentals. Such stocks parade expanding earnings power and capacity to support price and higher payouts, even as all eyes are on the expected Q1 numbers and dividend income with closing and payment dates of many drawing closer.  Below is the NGX Daily Chart:

Overall, weekly market activity improved, with investors trading 3.805 billion shares worth ₦213.96 billion in 297,202 deals, higher than the previous week’s 3.588 billion shares valued at ₦195.31 billion in 254,553 deals.

The Financial Services sector remained the dominant driver of activity, accounting for 2.739 billion shares worth ₦106.27 billion across 135,101 deals—about 71.99% of total volume and 49.67% of value. It was followed by the Services sector with 212.32 million shares worth ₦4.02 billion, and the Consumer Goods sector with 180.08 million shares valued at ₦13.27 billion.

Key market activity was driven by ACCESSCORP, UBA, and FIRSTHOLDCO, which jointly accounted for 814.06 million shares worth ₦39.03 billion, representing 21.40% of total volume and 18.24% of total value.

The market closed the week firmly in the green, with the NGX All-Share Index rising 3.94% to 225,722.49 points and market capitalisation increasing to ₦145.34 trillion. Most sectoral indices ended positive, except for the NGX Growth and NGX Commodity indices, which slipped slightly by 0.02% and 0.41% respectively.

The week’ trading started on positive note, stretching its winning run to ten straight sessions at the end of Monday’s trading session. The All-Share Index rose 0.44% to 218,113.84 points, lifting market capitalisation to ₦140.44 trillion and pushing year-to-date returns to 40.16%. However, sentiment was mixed as declining stocks outnumbered gainers. Trading volume also weakened, falling 21.79% to 983.95 million shares worth ₦50.77 billion, with ACCESSCORP leading in volume while ZENITHBANK topped value traded.

On Tuesday, the market posted a marginal gain of 0.06%, closing at 218,249.81 points. Market capitalisation edged up to ₦140.52 trillion, with YTD return improving to 40.25%. Buying interest in selected large and mid-cap stocks supported the index, although losers still dominated gainers. Activity slowed further as volume dropped 14.38% to 842.48 million shares valued at ₦44.86 billion. ACCESSCORP again led volume, while MTNN dominated value.

Midweek’s trading remained positive as the ASI advanced 0.61% to 219,586.20 points, raising market capitalisation to ₦141.38 trillion and YTD return to 41.11%. Market sentiment improved slightly as gainers edged out losers. Trading activity, however, declined with volume down 18.85% to 683.68 million shares worth ₦36.17 billion, led by FIRSTHOLDCO in both volume and value.

The bullish momentum strengthened on Thursday, with the index jumping 1.48% to 222,837.68 points. Market capitalisation climbed to ₦143.48 trillion and YTD return rose to 43.20%. Buying pressure was broad-based, particularly in consumer goods, industrials, and banking stocks, though market breadth still leaned negative. Volume eased 2.30% to 667.94 million shares worth ₦38.12 billion, with ACCESSCORP leading volume and MTNN dominating value.

The last trading day of the week ended on a firm bullish note as the benchmark NGX All-Share index gained 1.29% to close at 225,722.49 points, pushing market capitalisation to ₦145.33 trillion and YTD return to 45.05%. Strong demand across banking, industrial, and consumer counters supported the rally, with gainers outpacing losers. Trading activity slowed slightly, with volume down 6.04% to 627.52 million shares worth ₦44.51 billion. ACCESSCORP led volume while MTNN recorded the highest traded value.

Week-to-date, the All-Share Index gained 3.94%, trailed by the NGX 30 index’s 3.83% surge, the Banking Index increased by  6.81%, the Pension Index 4.35%, the Insurance Index inclined by 0.40%, and the Consumer Goods Index 5.25%. However, the Oil and Gas Index recorded a positive return of 0.86%. 

Year-to-date, the All-Share Index has gained 45.5%, NGX 30 is up by 44.90%, the Banking Index has increased by 59.29%, the Pension Index  increased by 61.39%, the Insurance Index inclined by 0.90%, the Consumer Goods Index increase by 18.29%. However, the Oil and Gas Index recorded a positive return of 99.65%.

In terms of market breadth, 46 stocks advanced last week, while 53 suffered some set back. 

UACN Chart
On the gainers’ table, UACN Plc, a Nigerian conglomerate involved in everyday consumer products (food, drinks, restaurants) as well as industrial and property businesses, with over a century of history in the country, opened at ₦100.00 and closed at ₦142.00, gaining ₦42.00 or 42.00%. Union Dicon Salt Plc moved from ₦16.50 to ₦21.90, up ₦5.40 or 32.73%. NASCON Allied Industries Plc rose from ₦156.00 to ₦206.90, adding ₦50.90 or 32.63%. Trans-Nationwide Express Plc increased from ₦6.05 to ₦7.90, gaining ₦1.85 or 30.58%, while Zichis Agro Allied Industries Plc advanced from ₦12.41 to ₦15.60, up ₦3.19 or 25.71%.

Infinity Trust Mortgage Bank Plc Chart

On the losers’ side, Infinity Trust Mortgage Bank Plc, a specialized Nigerian mortgage bank that helps individuals and developers access loans to build or buy homes, with a strong focus on affordable housing finance, declined from ₦19.00 to ₦9.35, shedding ₦9.65 or 50.79%. Abbey Mortgage Bank Plc fell from ₦8.10 to ₦5.40, down ₦2.70 or 33.33%. Guinea Insurance Plc dropped from ₦1.25 to ₦1.06, losing ₦0.19 or 15.20%. Stanbic IBTC Holdings Plc slipped from ₦188.55 to ₦162.50, down ₦26.05 or 13.82%, while LivingTrust Mortgage Bank Plc eased from ₦4.10 to ₦3.65, declining by ₦0.45 or 10.98%.

Technical Analysis View
The index’s breakout above the 222,000 psychological level reinforces bullish momentum, with the market now firmly trading in uncharted territory for the current cycle. Previous resistance zones around 218,000 and 222,000 have now flipped into support, strengthening the underlying trend.

Despite the strong price action, market breadth remained uneven for most of the week, indicating that gains were concentrated in select heavyweight counters rather than broad market participation. This selective rally was largely driven by banking and industrial stocks, with financial services continuing to dominate liquidity flows.

Volume trends showed mild weakness on certain sessions, suggesting that while buyers remain in control, conviction buying is not fully widespread across all sectors. Nonetheless, the consistent upward price movement confirms strong institutional interest in large-cap stocks. From a momentum perspective, the market remains firmly in an overbought-to-strong momentum zone. However, there are no immediate technical reversal signals, indicating that the trend remains intact in the short term.

Market Outlook
The near-term outlook for the NGX remains cautiously bullish. As long as the index sustains above the 222,000–218,000 support range, the broader uptrend is expected to continue, with potential targets extending toward 227,000 and possibly 230,000 points.

That said, after a strong multi-session rally and a YTD return above 45%, intermittent profit-taking is likely, especially in overextended counters. This may lead to short-term consolidation or mild pullbacks, which could provide fresh entry opportunities for medium-term investors.  Sustained momentum will depend heavily on continued strength in the banking sector, which remains the key driver of market direction. A broader participation from consumer goods and industrial stocks would further enhance market stability and reduce reliance on a few large-cap names.

Overall, the market structure remains firmly bullish, with dips expected to be shallow as long as macro liquidity and earnings expectations remain supportive.

Trending in the Economy: Nigeria’s debt servicing bill climbed to about N16 trillion in 2025, up 22.9% from the previous year, largely due to higher interest payments on domestic borrowing, according to the Debt Management Office.

Most of the cost came from local debt obligations, where interest payments dominated the increase, while external debt servicing rose at a slower pace despite ongoing Eurobond repayments. The trend highlights growing pressure on public finances as borrowing costs and total debt stock continue to rise.

In a related development, President Bola Tinubu has asked lawmakers to approve a $516 million loan to finance the first phase of a major highway project connecting the northwest to the southwest. The Deutsche Bank-arranged facility comes with a nine-year repayment period and up to three years’ grace. The 1,000km Sokoto-to-Badagry highway is expected to improve transport links, boost trade, and strengthen national integration. It follows a $747 million loan previously secured for another coastal highway project last year.

Global Market and Oil: The S&P 500 and Nasdaq closed at fresh record highs on Friday, supported by optimism around possible U.S.–Iran peace negotiations and a strong rally in semiconductor stocks, particularly Intel.

Reports from Pakistan suggested Iran’s foreign minister, Abbas Araqchi, was expected in Islamabad to discuss restarting peace talks. At the same time, White House Press Secretary Karoline Leavitt said U.S. special envoy Steve Witkoff and presidential aide Jared Kushner would travel to Islamabad on Saturday for discussions on Iran, mediated by Pakistan. These developments helped ease market concerns, even as uncertainty persisted over the conflict and the continued closure of the Strait of Hormuz.

Markets had recently rallied on hopes of a resolution to the war and strong earnings, though sentiment weakened midweek as optimism faded. As one portfolio manager noted, the situation remains uncertain, but there are still “some rays of sunlight.”

On the trading floor, the Dow Jones Industrial Average fell 79.61 points, or 0.16%, to close at 49,230.71. The S&P 500 gained 56.68 points, or 0.80%, finishing at 7,165.08, while the Nasdaq Composite rose 398.09 points, or 1.63%, to end at 24,836.60. For the week, the S&P 500 added 0.55%, the Nasdaq climbed 1.5%, and the Dow dropped 0.44%.

Semiconductors remained the strongest segment of the market. The Philadelphia SE Semiconductor Index advanced 4.32%, extending its record winning streak to 18 consecutive sessions. Intel surged 23.65% to close at a record $82.57 after issuing a better-than-expected second-quarter revenue forecast.

The stock was the top performer on the S&P 500. AMD and Arm both jumped about 14%, while Nvidia gained 4.32%, also closing at a record level as it approached a $5 trillion market valuation. Market sentiment was further boosted as concerns eased over AI capital expenditure returns from major tech firms including Amazon, Google, Microsoft, and Meta.

The S&P 500 technology index rose 2.46%, making it the best-performing of the 11 major sectors. Tech stocks also shrugged off concerns tied to competition from DeepSeek’s preview of its upcoming model. For the week, the S&P 500 and Nasdaq both recorded their fourth straight weekly gain, the longest winning streak since the fourth quarter of 2024. The Dow, however, ended its three-week advance.

Attention is now turning to the Federal Reserve meeting next week, where investors will look for signals on interest rate cuts and leadership changes. The U.S. Justice Department is reportedly closing its investigation into Fed Chair Jerome Powell, removing a potential hurdle for the confirmation of Kevin Warsh as a possible successor.

Market pricing shows a 39% probability of at least a 25-basis-point rate cut at the Fed’s December meeting, up from 23% in the previous session, according to CME’s FedWatch Tool.  Earnings season has also supported equities, with first-quarter earnings growth expectations rising to 16.1% from 14.4% at the start of April, based on LSEG data.

Market breadth was positive, with advancing stocks outpacing decliners by a 1.47-to-1 ratio on the NYSE and 1.38-to-1 on the Nasdaq. The S&P 500 recorded 34 new 52-week highs and 8 new lows, while the Nasdaq Composite posted 126 new highs and 90 new lows. Total trading volume on U.S. exchanges reached 17.81 billion shares, compared with the 18.39 billion average over the last 20 trading sessions.

Oil prices whipsawed in volatile trade on Friday but still ended the week higher as traders balanced supply disruption risks against renewed hopes of U.S.–Iran peace talks that could ease tensions. Brent crude futures settled at $105.33 a barrel, up 26 cents or about 0.3%, while U.S. West Texas Intermediate (WTI) fell $1.45, or 1.5%, to $94.40 a barrel. For the week, Brent gained about 16% and WTI rose nearly 13%. Crude initially gave up gains after reports that Iranian Foreign Minister Abbas Araqchi was heading to Islamabad to discuss restarting peace negotiations following earlier breakdowns in talks. Prices slipped further after reports that the U.S. was sending special envoy Steve Witkoff and Jared Kushner to Pakistan for Iran-related discussions

https://investdata.com.ng/ngx-extends-historic-rally-as-composite-index-trades-above-225000bps-ytd-return-hits-45/

What To Happen For NGX Historic Rally To Continue... Join me for InvestData Live with Ambrose Omordion by 12pm.

Dear Investors and Traders,


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REMINDER: Don’t Miss This Power-Packed Session!

As a Smart Investor… This Is One Session You Cannot Afford to Miss!
Hello Investor,
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Topic 1:
The New Dynamics on NGX & Fundamental Shifts in Sectoral Earnings Outlook

👤 Dr. Sylvester Anaba, PhD, FCS
(Head of Research, United Capital Plc)

Topic 2:
How To Navigate NGX Trading Time Extension Profitably

👤 Jibril Muhammed Bello
(Securities Dealer & Head of Operations, Newdevco Investments & Securities Ltd.)

Market Insight:
The Nigerian stock market continues to advance, hitting new highs driven by strong buying momentum — positioning smart investors for opportunities.

Important Reminder:
Stepping into stock investing without the right knowledge and mentorship can be risky. Avoid costly mistakes — get equipped with the right insights and strategies.

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Dear Investors and Traders,

I just posted *NGX Creating Wealth For Players Amid New Phase, Q1 Earnings Expectations...*

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https://www.facebook.com/share/v/1E5aoH65Z7/


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As a Smart Investor...Don't Miss Out

Double Guest Speakers Notification... Find out in this Saturday's InvestData Questions and Answers Session.

Ambrose Here Again,

Welcome to another InvestData Q&A episode With Ambrose Omordion.

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1. The New Dynamics On NGX & Fundamental Shifts In Sectoral Earnings Outlook by *DR. SYLVESTER ANABA, PhD, FCS, Head Research, United Capital Plc*

AND

2. How To Navigate NGX Trading Time Extension Profitably by *Guest Speaker: Jibril Muhammed Bello (Securities dealer, Head of Operations) Newdevco Investments & Securities Ltd.

Don't forget that Nigerian Bourse Advances As Mid-Week Buying Pushes Market To New Highs

As a caution...

Don't step into the deep waters of stock investing and trading without a mentor and knowledge of stock amics except you want to get your fingers burnt.

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Technical Analysis: Insurance Sector Contributes To NGXASI Bullish Sentiment


Nigeria’s All Share Performance for 22nd April 2026

The Nigerian bourse experienced a 100% bullish sentiment after gaining 0.61%. The index rose from 218,249.81 to 219,586.91, creating a new all-time high. This performance reinforced the market’s markup phase. Following this performance, Wednesday’s top gainers include VITAFOAM (+10%), CAP (+10%), UACN (+10%), TRANSEX (+10%), and TRANSCOHOT (+10%).

Given Wednesday’s performance, the indicators remained positive across each sector index. Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) sustained their bullish momentum. Volume closed moderately strong, while the Money Flow Index (MFI) indicated solid money flow in the market.

Key Sectoral Index Performance

NGXBNK: Banking Sector Index

The NGXBNK gained 2.03% above its moving average after a brief pullback. This performance revealed that smart investors bought into value. It also indicates the continuous investor appetite in the sector. The market closed with a 100% buy sentiment below its resistance level (2,348.08). This performance suggests a potential breakout of its resistance zone.

Following this index action, these companies contributed to its bullish sentiment: FIRSTHOLD (+8,45%), UBA (+5.98%), ACCESSCORP (+3.51%), ZENITH (+1.97%), and FIDELITY (+2.06%). Thus, the renewed investment in blue-chip banking companies influenced midweek’s bullish sentiment.

The NGXBNK indicators confirmed a renewed investor interest. Though bullish volume was moderate, the overall market remained strong. MFI increased from 84.68 to 90.85, enhancing the market liquidity. RSI’s performance aligned with market sentiment, sustaining MACD’s bullish momentum.

NGXCSMG: Consumer Goods Sector Index

The consumer goods index gained 1.78% above its moving average. This performance broke its current resistance level (6,400.52), recording a new all-time high (6,443.69). The index closed at its all-time high, indicating a 100% bullish sentiment.

In line with the sentiment, companies that impacted the NGXCSMG’s performance include blue-chip banking companies (UBA, FIRSTHOLD, and ACCESSCORP). Coupled with these banking companies, PZ (8.22%) and TRANSCOHOT (10%) influenced the performance of the consumer goods index.

The bullish volume closed moderately strong. MFI rose from 84.39 to 91.12, reflecting increased market liquidity and investor confidence. RSI sustained its overbought position, which strengthened MACD’s bullish momentum.

NGXIND: Industrial Sector Index

The industrial sector gained 0.15% above its moving average. Alhough the index did not exhibit strong bullish sentiment, it remained resilient below its resistance level, closing at 9150.33. Given this performance, companies that sustained the market’s strength include CAP (+10%) and WAPCO (+0.73%).

Despite an average performance, the bullish volume remained progressive. This action indicates the sustained investor interest in the sector. Following this bullish sentiment, MFI experienced a slight increase in market liquidity. Finally, RSI remained sturdy, weakening MACD’s bearish momentum.

NGXOGSE: Oil and Gas Sector Index

The NGXOGSE gained 0.02%, closing at 5,321.56. The index closed above its support level, remaining in its distribution phase. This performance suggests that the sector is strong amid uncertain outcomes from global tensions. Following this performance, companies in the sector did not have any significant impact on the index action.

These indicators revealed that despite strong bullish sentiment, profit-taking prevailed. Regardless, market liquidity is solid above its 50 level. Although the MACD’s bullish signal weakened, RSI remained resilient. These indicator actions revealed that market players are holding their investments while taking profits.

NGXINS: Insurance Sector Index

The insurance sector gained 1.07% above its moving average. This performance indicates that the index has started its second recovery phase. It also validates the sturdiness of the sector’s support level (1,195.58). Closing at 1,210.30, the index will meet resistance at 1,246.81. Companies that influenced this index performance include SOVRENI (+9.52%), VERITASKAP (+8.11%), REGALIN (+7.84%), LINKASS (+6.76%), and MANSARD (+3.45%).

The NGXINS indicators revealed that the sector is slowly recovering. Closing above its moving average is a good sign for investors. With liquidity returning to the market, MACD began to signal bullish momentum.

Final Thought
The banking, oil, and industrial sectors remain within their distribution zones, offering investors an opportunity to buy into value. The consumer goods sector remains strong and attractive for investment. Finally, the insurance sector remains the highlight of Wednesday’s performance. The positive performance could be due to portfolio rebalancing to the sector.

https://investdata.com.ng/technical-analysis-insurance-sector-contributes-to-ngxasi-bullish-sentiment/