MARKET WRAP-UP – JUNE 18, 2025
Dear Investor,
It was a mixed day at the Nigerian Exchange (NGX) as the All Share Index slid by 0.30% to close at 115,258.77, reflecting a moderate market retreat. Still, the Year-to-Date (YTD) returns remain positive at +11.37%—so we’re still in green territory overall .
Market Activity Snapshot
• Turnover surged by 15.34%, reaching ₦24.08 billion
• Volume traded jumped to 757.19 million shares, a sign of heavy action
• Market breadth came in soft at 0.79x, with 30 stocks advancing while 38 declined, indicating that profit-taking and sector rotation are underway.
What Drove the Action?
• We saw robust institutional participation today, especially in the banking sector .
• Several banking stocks showed unusual spikes in volume, suggesting either accumulation or repositioning by smart money .
• Meanwhile, momentum was split—some stocks surged, while others dipped sharply, creating room for both swing trades and contrarian setups .
Top Performers (Gainers)
• NEM Insurance led the charge with a solid +10.00% gain
• Beta Glass wasn’t far behind, also closing at +9.99%, likely buoyed by investor interest in defensives
• Seplat rose by +9.78%, riding on energy market dynamics ⚡
• Thomas Wyatt and Lotus Halal 15 ETF also impressed with +9.73% and +9.68% respectively
• Others like Linkage Assurance, Regal Insurance, Custodian, Transcorp Power, and RT Briscoe made noticeable strides too
Biggest Losers
Not all was rosy…
• Meristem Growth ETF and Eterna both tanked by -10.00%
• NSL Tech dropped -9.68%, while Legend Int’l fell -9.66%—tech stocks and small caps saw some bloodletting today
• FTN Cocoa, Guinea Insurance, Caverton, Prestige Assurance, and Ikeja Hotel also suffered varying degrees of decline
Key Themes to Note
Institutional flow was dominant, especially in the banking names:
• Zenith Bank traded at 4x its average volume but still declined by -2.02%—a potential setup for a sharp bounce or deeper correction.
• ETI saw 31x its daily average volume with a mild gain—clear signs of hidden accumulation.
• UBA, GTCO, and AccessCorp also saw heavy institutional action.
Unusual volume spikes were seen in over 60 stocks, yet more than 70 stocks had lower-than-usual volumes—indicating that smart money is concentrating on select names.
Some stocks showed bearish divergence (rising volume but falling prices), such as:
• Zenith Bank and Ellah Lakes—could be nearing inflection points.
Contrarian & Momentum Plays
⚠️ Stocks like Oando (-9.97%) and Ellah Lakes (-9.87%) fell sharply despite being overbought on RSI—a classic sign of momentum reversal or forced liquidation. These names may be trap zones for now.
✅ On the bullish side:
• Learn Africa (+10%), Mutual Benefits, and C&I Leasing remain in strong upward momentum, with solid fundamentals and positive technicals.
• NewGold ETF gained +9.23%, reflecting investor demand for safer assets amidst volatility ️
Strategic Takeaways
• Institutional investors are driving the market today—especially within banks. Retail flows focused more on low-value penny stocks.
• Sectoral rotation is evident. Defensives and insurance are rising, while some banking giants are experiencing either accumulation or short-term fatigue.
• Overbought stocks are correcting (Oando, Ellah Lakes), while high-yield stocks like Learn Africa are emerging as attractive safe havens.
Final Word
While the market dipped slightly today, activity under the surface suggests strategic reshuffling by large players. If you’re watching for signals, keep your eyes on:
✅ High volume + low price = potential reversals
✅ Oversold RSI could spark bounce backs
✅ Dividend-paying stocks with low beta may shine in coming sessions
Stay informed. Stay ahead.
— InvestingPort
Dear Investor,
It was a mixed day at the Nigerian Exchange (NGX) as the All Share Index slid by 0.30% to close at 115,258.77, reflecting a moderate market retreat. Still, the Year-to-Date (YTD) returns remain positive at +11.37%—so we’re still in green territory overall .
Market Activity Snapshot
• Turnover surged by 15.34%, reaching ₦24.08 billion
• Volume traded jumped to 757.19 million shares, a sign of heavy action
• Market breadth came in soft at 0.79x, with 30 stocks advancing while 38 declined, indicating that profit-taking and sector rotation are underway.
What Drove the Action?
• We saw robust institutional participation today, especially in the banking sector .
• Several banking stocks showed unusual spikes in volume, suggesting either accumulation or repositioning by smart money .
• Meanwhile, momentum was split—some stocks surged, while others dipped sharply, creating room for both swing trades and contrarian setups .
Top Performers (Gainers)
• NEM Insurance led the charge with a solid +10.00% gain
• Beta Glass wasn’t far behind, also closing at +9.99%, likely buoyed by investor interest in defensives
• Seplat rose by +9.78%, riding on energy market dynamics ⚡
• Thomas Wyatt and Lotus Halal 15 ETF also impressed with +9.73% and +9.68% respectively
• Others like Linkage Assurance, Regal Insurance, Custodian, Transcorp Power, and RT Briscoe made noticeable strides too
Biggest Losers
Not all was rosy…
• Meristem Growth ETF and Eterna both tanked by -10.00%
• NSL Tech dropped -9.68%, while Legend Int’l fell -9.66%—tech stocks and small caps saw some bloodletting today
• FTN Cocoa, Guinea Insurance, Caverton, Prestige Assurance, and Ikeja Hotel also suffered varying degrees of decline
Key Themes to Note
Institutional flow was dominant, especially in the banking names:
• Zenith Bank traded at 4x its average volume but still declined by -2.02%—a potential setup for a sharp bounce or deeper correction.
• ETI saw 31x its daily average volume with a mild gain—clear signs of hidden accumulation.
• UBA, GTCO, and AccessCorp also saw heavy institutional action.
Unusual volume spikes were seen in over 60 stocks, yet more than 70 stocks had lower-than-usual volumes—indicating that smart money is concentrating on select names.
Some stocks showed bearish divergence (rising volume but falling prices), such as:
• Zenith Bank and Ellah Lakes—could be nearing inflection points.
Contrarian & Momentum Plays
⚠️ Stocks like Oando (-9.97%) and Ellah Lakes (-9.87%) fell sharply despite being overbought on RSI—a classic sign of momentum reversal or forced liquidation. These names may be trap zones for now.
✅ On the bullish side:
• Learn Africa (+10%), Mutual Benefits, and C&I Leasing remain in strong upward momentum, with solid fundamentals and positive technicals.
• NewGold ETF gained +9.23%, reflecting investor demand for safer assets amidst volatility ️
Strategic Takeaways
• Institutional investors are driving the market today—especially within banks. Retail flows focused more on low-value penny stocks.
• Sectoral rotation is evident. Defensives and insurance are rising, while some banking giants are experiencing either accumulation or short-term fatigue.
• Overbought stocks are correcting (Oando, Ellah Lakes), while high-yield stocks like Learn Africa are emerging as attractive safe havens.
Final Word
While the market dipped slightly today, activity under the surface suggests strategic reshuffling by large players. If you’re watching for signals, keep your eyes on:
✅ High volume + low price = potential reversals
✅ Oversold RSI could spark bounce backs
✅ Dividend-paying stocks with low beta may shine in coming sessions
Stay informed. Stay ahead.
— InvestingPort