Finest performing Nigerian shares for the week

The Nigerian All-Share Index (ASI) closed the week ended September 26 increased, gaining 287.68 factors to settle at 142,133.03.

This represents a 0.20% rise from the earlier week’s shut of 141,845.35, pushed by rallies in choose large-cap shares, and brings the month-to-date acquire to 1.31%.

Market exercise picked up barely, with complete quantity rising to 2.9 billion shares from 2.7 billion shares the earlier week.

Market capitalization grew to N89.96 trillion from N89.74 trillion the earlier week, mirroring the modest however broad-based optimistic worth motion out there.

Available on the market breadth, 32 equities appreciated in worth, down from 40 recorded final week.
In the meantime, 51 equities declined, up from 41, whereas 64 shares remained unchanged.

Market overview

Value motion on the All-Share Index (ASI) started the week on a destructive word, slipping on Monday and lingering into Tuesday earlier than easing on Wednesday at 140,716.

The index rebounded on Thursday and gained momentum on Friday, closing the week on a powerful word.

To date, the ASI is up 18.47% quarter-to-date and 38.09% year-to-date.

Key Highlights

The NGX Premium Index rose 0.48%, pushed primarily by a 9.14% acquire in ZENITH BANK, adopted by a 4.00% rise in LAFARGE, a 1.72% enhance in DANGOTE CEMENT, and a 1.58% acquire in UBA.

The NGX-Most important Board Index was up 0.03%, whereas the NGX 30 Index gained 0.24%.

Sectoral Efficiency

The NGX Industrial Items Index gained 1.33%, supported by LAFARGE’s 4% enhance and DANGOTE CEMENT’s 1.72% rise.
Following carefully, the NGX Banking Index rose 1.19%, propelled by over 9% beneficial properties in ZENITH BANK and STANBIC, alongside modest will increase in UBA and FCMB.
In the meantime, the NGX Client Items Index superior 1.15%, led by INTERNATIONAL BREWERIES, which surged over 10%.
On the draw back, the NGX Oil & Fuel Index fell 1.62%, whereas the NGX Insurance coverage Index declined 0.91%.

High gainers

Main the pack was THOMAS WYATT NIG. PLC, which soared 22.68% week-to-date to shut at N3.30. SECURE ELECTRONIC TECHNOLOGY PLC adopted carefully with a 21.33% acquire, closing at N0.91.

Different main gainers included:

MECURE INDUSTRIES PLC: up 20.83% to N26.10
CHELLARAMS PLC: up 11.30% to N16.25
ROYAL EXCHANGE PLC: up 10.29% to N2.25
THE INITIATES PLC: up 10.17% to N13.22
INTERNATIONAL BREWERIES PLC: up 10.08% to N13.65
EUNISELL INTERLINKED PLC: up 9.98% to N33.60
CHAMS HOLDING COMPANY PLC: up 9.68% to N3.40
STANBIC IBTC HOLDINGS PLC: up 9.29% to N107.10

High losers

On the flip facet, WEMA BANK PLC led the laggards, shedding 12.41% week-to-date to shut at N18.00. FIDELITY PLC adopted with an 11.08% drop, closing at N18.45.

Different notable decliners have been:

ETERNA PLC: down 10.00% to N27.90
IKEJA HOTEL PLC: down 9.80% to N20.70
AFRICA PRUDENTIAL PLC: down 9.09% to N14.50
CUTIX PLC: down 8.57% to N3.20
DEAP CAPITAL MANAGEMENT & TRUST PLC: down 8.51% to N1.72
UNION DICON SALT PLC: down 8.16% to N9.00
MAY & BAKER NIGERIA PLC: down 7.43% to N16.20
CAVERTON OFFSHORE SUPPORT GROUP PLC: down 5.30% to N6.25

Company actions overview

The week featured a number of notable company disclosures and sector developments:

Stanbic IBTC launched its half-year monetary report and declared an interim dividend of N2.50.
GTCO revealed its half-year monetary outcomes for 2025.
First HoldCo introduced the appointment of a brand new Group Secretary.
First HoldCo disclosed share purchases by its Chairman, Otedola.
The Board of Julius Berger accredited the lease of its cashew processing amenities.
Aradel revealed that Capital Alliance divested from the corporate, promoting a 15.9% stake.

Market outlook

Regardless of bearish worth actions early within the week, the All-Share Index regained the 142,000 stage as choose large-cap shares rallied.

If bearish stress returns within the banking sector and amongst key large-cap shares, the index might try to check the 143,000 and 144,000 ranges once more.