April 4, 2025/InvestmentOne Update

The domestic equities market ended its two-month winning streak to close negative in March 2025, after registering a 1.99% MoM decline. The downturn performance was driven by selloffs in large-cap stocks, including TRANSCORP (-883.87pts), MTNN (-717.73pts), BUACEMENT (-578.39pts), OANDO (-221.46pts) and ACCESSCORP (-212.16pts) which outweighed gains recorded in GTCO (+410.79pts), TRANSCOHOT (+185.16pts), NESTLE (+65.51pts), FIDELITYBK (+63.86pts) and JBERGER (+31.44pts). 

We anticipate a mildly positive close for the equities market in April 2025, as the domestic bourse makes a recovery from the decline recorded in March. Furthermore, dividend markdowns scheduled during the period are likely to create buying opportunities, potentially spurring bargain hunting and supporting a market rebound post-dividend payouts. Kindly find HERE, our report, covering our analysis and considerations.