September 4, 2025/InvestmentOne Update

The bullish performance in the domestic equities market slowed down in August 2025, with the NGX ASI marginally advancing by 0.31% MoM to close at 140,295.49 points. The gains was driven by increases in the share prices of BUAFOODS (+4,665.99pts), BUACEMENT (+1,044.84pts), TRANSCOHOT (+280.11pts), AIICO (+129.75pts) and BETAGLAS (+123.41pts) which outweighed the declines in MTNN (-1,383.12pts), ZENITHBANK (-605.44pts), WAPCO (-562.07pts), GTCO (-459.44pts) and TRANSCORP (-10.63pts). 

Although we expect a pullback in momentum due to the rising yields in the fixed income space, we believe that the banking sectors H1:2025 corporate earnings reports expected to be released in September will continue to drive investors interest, amid favourable macroeconomic tailwinds including FX stability and easing inflation. As such, we envisage cautious trading with continuous profit-taking, but overall investor sentiment should remain mildly positive.

Kindly find HERE, our report, covering our analysis and considerations.