Investment researchers at Bancorp Securities Limited, a leading investment research and stockbroking advisory services firm, have projected that trading on the Nigerian Exchange (NGX) will maintain a cautious positive trend amid strong liquidity and growing investor confidence in the market.
The experts, in the firm’s ‘Weekly Stock Recommendation for May 11 to May 15, 2026’ advisory note circulated to our correspondent on Monday, however, predicted that profit-taking in some blue-chip stocks may keep investor sentiment mixed during the trading sessions this week.
The analysts forecasted: “We expect the local bourse to maintain a cautious positive tone, as strong liquidity and improving participation continue to support market activity. However, profit-taking in select large-cap stocks may keep sentiment mixed, with investors likely favouring Industrial Goods, Consumer Goods, and fundamentally sound Banking names.”
On the nation’s business landscape last week, the experts recalled that Nigeria’s business environment recorded a modest improvement during the week as private sector sentiment remained cautiously positive, despite persistent structural and macroeconomic pressures.
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Consequently, they noted that the Nigerian equities market extended its positive performance for the fourth consecutive week, although gains moderated compared to the previous week’s rally as investors continued to position across fundamentally supported counters.
According to the market’s data during the week, the NGX All-Share Index advanced by 1.03% week-on-week to close at 244,775.83 points, pushing year-to-date returns higher to 57.30%, while market capitalisation increased to NGN157.09 trillion
Also, market activity strengthened significantly during the week, with total trading volume rising sharply to 7.08 per cent, driven largely by gains in Industrial Goods counters as renewed buying
interest in construction and building material stocks continued to support the broader market. CAP (+60.95%).
