Investment experts at Bancorp Securities Limited, a leading stockbroking and investment research consulting firm in Nigeria, have projected that trading in Nigerian Exchange this week would remain selective as investors will reassess positions based on the prevailing indices in the preceding week.
The experts, in the firm’s ‘Weekly Stock Recommendation 5th-12th June 2026’ Note circulated to our correspondent on Monday, recalled that the nation’s equities closed lower last week, ending a three-week rally as investors took profits across major sectors.
According to the analysts, the sell-off is broad-based, with Banking, Consumer Goods, Industrial Goods, Insurance, and Oil & Gas stocks all recording losses even as the NGX ASI declined 3.11% w/w to 242,593.31 points, while market capitalisation fell 3.06% to N155.59 trillion.
They noted that notwithstanding the weaker market performance, trading activity strengthened materially last week with volume, value, and deal count increasing by 65.40%, 57.57%, and 42.38%, respectively.
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Similarly, the researchers maintained that the combination of higher turnover and lower prices pointed to profit-taking and portfolio repositioning following the market’s recent advance.
Specifically, on the equities market outlook this week, the experts predicted: “We expect the equities market to remain selective this week as investors reassess positions following the broad-based profit-taking recorded during the previous trading week.
“While the recent pullback interrupted the market’s upward momentum, it has improved valuation attractiveness across several fundamentally strong counters, particularly within the Banking sector.
“Banking stocks could attract renewed buying interest following the recent correction as investors reposition into fundamentally strong names at more attractive valuations.
“Consumer Goods and Industrial Goods counters may continue to witness mixed sentiment as investors balance attractive valuations against persistent cost pressures and demand concerns.
“Meanwhile, performance across Oil & Gas and Insurance stocks is likely to remain stock-specific following the profit-taking activities recorded in recent weeks.”, the experts added.
