Researchers at Bancorp Securities Limited, a leading stockbroking services provider in Nigeria, have projected that market sentiment in the Nigerian Exchange (NGX) this week would remain bullish following five consecutive weeks of gains and ten straight sessions in the green.
However, the experts, in the firm’s ‘Weekly Stock Recommendation 13th October – 17th October 2025’ circulated to our correspondent on Monday, noted that following the rally in recent sessions, some mild profit-taking may emerge early in the week.
Despite this, they maintained that the market momentum was expected to remain positive as investors continue to position ahead of Q3 earnings releases.
The analysts recalled that last week, the equities market continued its upward trend in to the fifth straight week as five traded sessions closed in the green thus extending the upward trend to 10 consecutive trade sessions.
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The experts stated: “With the consecutive upward close, the broad market index (NGXASI) increased by 2.37% week to date to settle at 146,988.04 points, while the market cap increased by the same pace translating to 2.16 trillion to settle at NG 93.29 trillion a stronger increase than the NGN 1.18 trillion indicating increased investor confidence and participation.”
The investment experts maintained that the macroeconomic indicators remained favourable as ongoing reforms and improved liquidity conditions continue to improve investors’ confidence.
On the equities market outlook this week, they predicted: “As the local bourse enters the third trading week of October, market sentiment is expected to remain bullish following five consecutive weeks of gains and ten straight sessions in the green. As the sustained rally shows stronger investor confidence amid improving macroeconomic conditions and renewed foreign investor interest after Nigeria’s inclusion on the FTSE Russell Watch List.
“However, following the rally in recent sessions, some mild profit-taking may emerge early in the week, particularly across counters in the Industrial Goods. Despite this, market momentum is expected to remain positive as investors are expected to continue to position ahead of Q3 earnings releases, while investors interest is likely to stay on Consumer Goods and Insurance stocks that have shown strong volume in recent times”, the analysts added.
