Nigerian Wall Street Gets a Sweet Bounce!
Guess what? The NGX All Share Index just nudged its way to the 122,000‑point club, skirting the finish line at 121,989.67 after a smooth 0.28% lift on Wednesday. Everyone’s feeling good.
Sector Smiles: Where the Money Is Today
- Electronic Technology – +8.33%
- Producer Manufacturing – +7.33%
- Consumer Durables – +4.44%
All headlines? About 11 of 20 sectors are partying green, while only four have decided to wear red shirts: commercial services, tech services, consumer non‑durables, and energy minerals. The good news? Most folks left the negative vibes at the door.
Big‑Boss Moves
Bullish pales around the big four: BUA Foods, MTN Nigeria, Dangote Cement, and BUA Cement all stood still—no drama there. The real fireworks came from Guaranty Trust, Zenith Bank, and Nigerian Breweries, who all had resounding gains.
Corporate Debt: A Party with More Beers
- Champion Breweries is taking the stage with a NGN 10 billion commercial paper launch.
- Fidson Healthcare is matching that shout with a bold NGN 20 billion program.
- Meanwhile, Sumbeth Energies just inked a distribution deal with Dangote Petroleum Refinery, tightening the downstream logistics game.
GDP G-Day: Catching the Snapshots
Economists are on the edge of their seats for next week’s release of Nigeria’s Q1 2025 GDP. Last quarter was a roller‑coaster, with a solid 3.84% YoY increase—clearly the biggest jump since Q4 2021. Services were the MVP, growing 5.37% and making up over half of GDP.
But the world’s got its own drama—US tariffs are tightening on BRICS countries, including Nigeria, making export diversification feel like a high‑stakes board game. Still, the sentiment on the equities floor remains upbeat: domestic reforms and sparkling sector strength are keeping the torch lit for more upside.
Keep Your Eye on the Clock
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