Investment experts at Bancorp Securities Limited, one of Nigeria’s investment and stockbroking consulting firms, have projected that investors would be selective in their stock trading this week based on the market correction recorded in the past two weeks.
The analysts, in the firm’s ‘Weekly Stock Recommendation for 26th June – 3rd July 2026’ circulated to our correspondent on Monday, noted that the recent improvements in market internals, particularly stronger market breadth, a higher Up/Down Ratio and a lower TRIN, suggested that selling pressure had moderated and that bargain hunting was gradually emerging across fundamentally attractive stocks, despite continued weakness in the benchmark index.
On sectoral outlook of the local bourse this week, the investment researchers anticipated that Banking stocks would be focused on by investors, adding, however that profit-taking may persist in the local bourse across Industrial Goods, Oil & Gas and selected Consumer Goods.
Specifically, the analysts projected: “We expect the equities market to remain selective in the coming week as investors continue to rotate capital across sectors following the broad market correction recorded over the past two weeks.
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“The improvement in market internals, particularly stronger market breadth, a higher Up/Down Ratio and a lower TRIN, suggests that selling pressure has moderated and that bargain hunting is gradually emerging across fundamentally attractive stocks despite continued weakness in the benchmark index.
“Banking stocks are expected to remain relatively supported as investors continue to reposition into fundamentally strong names following the recent correction. However, profit-taking may persist across Industrial Goods, Oil & Gas and selected Consumer Goods counters as investors continue to reassess valuations after the strong first-half rally”, they added.
On the nation’s macroeconomic overview last week, the Bancorp Securities’ experts recalled that Nigeria’s macroeconomic environment during the week reflected continued efforts by policymakers to strengthen fiscal resilience while safeguarding domestic energy security amid evolving global and domestic economic conditions.
According to them, the week’s developments reinforced the importance of prudent fiscal management and stable energy supply in sustaining macroeconomic stability and investor confidence.
Following the developments, the experts noted that the Nigerian equities market remained under pressure during the week as continued profit-taking across Industrial Goods, Oil & Gas, Consumer Goods and Insurance stocks outweighed renewed buying interest in Banking counters.
The researchers further clarified: “Although investor appetite gradually returned to selected banking names following the sharp correction recorded in the previous week, the recovery proved insufficient to offset broad-based weakness across other major sectors of the market.
“Consequently, the NGX All-Share Index declined by 1.65% week-on-week to close at 232,049.02 points, while market capitalisation fell by 1.60% to NGN148.91 trillion.
“Market activity, however, presented a mixed picture as trading volume increased by 9.73% to 3.37 billion units and total deals rose by 26.17% to 362,318, reflecting improved market participation. In contrast, transaction value declined by 17.35% to NGN210.45 billion,
suggesting that investors executed more transactions but with relatively smaller ticket sizes, indicative of cautious positioning amid the ongoing market correction”, the experts added.
