Key Highlights:
- Top performers: OANDO (+10.0%), PZ Cussons (+10.0%), Honeywell Flour Mills (+9.96%)
- Worst performers: Fidson Healthcare (-9.6%), Ecobank Transnational (-9.51%), Guinea Insurance (-8.33%)
- NGX All Share Index: Closed at 107,675.46, down 0.11%
- Bond Market: 2-year yield at 20.58%, 3-year at 20.0%, 5-year at 20.38%
- Economic Indicators: Inflation at 24.48%, monetary policy rate at 27.50%, crude oil price at $80.76
The Nigerian stock market experienced a mixed session on February 27, 2025, with some sectors posting significant gains while others saw declines. The NGX All Share Index closed at 107,675.46, reflecting a slight dip of 0.11%, while the NGX 30 Index dropped 0.16% to 4,002.05. Despite the negative session, market breadth remained relatively strong, with leading stocks making significant advances.
Top 5 Performing Stocks
The energy and consumer non-durables sectors dominated the top gainers list, with OANDO and PZ Cussons Nigeria Plc leading at +10.0% each.
| Symbol | Description | Sector | Price (NGN) | 1-Day Change (%) |
|---|---|---|---|---|
| OANDO | OANDO PLC | Energy minerals | 52.8 | 10.0 |
| PZ | PZ CUSSONS NIGERIA PLC | Consumer non-durables | 32.45 | 10.0 |
| HONYFLOUR | HONEYWELL FLOUR MILLS PLC | Process industries | 13.03 | 9.96 |
| CAVERTON | CAVERTON OFFSHORE SUPPORT GROUP PLC | Transportation | 2.69 | 9.8 |
| LIVESTOCK | LIVESTOCK FEEDS PLC | Process industries | 6.9 | 9.35 |
OANDO’s surge came amid increasing global crude oil prices, while PZ Cussons benefited from strong consumer goods demand. Honeywell Flour Mills saw renewed investor interest, likely due to its expansion plans.
Worst 5 Performing Stocks
The finance sector experienced a sell-off, with Fidson Healthcare and Ecobank Transnational posting the biggest losses of -9.6% and -9.51%, respectively.
| Symbol | Description | Sector | Price (NGN) | 1-Day Change (%) |
| FIDSON | FIDSON HEALTHCARE PLC | Health technology | 17.9 | -9.6 |
| ETI | ECOBANK TRANSNATIONAL INC | Finance | 31.4 | -9.51 |
| GUINEAINS | GUINEA INSURANCE PLC | Finance | 0.66 | -8.33 |
| PRESTIGE | PRESTIGE ASSURANCE CO PLC | Finance | 1.11 | -7.5 |
| SUNUASSUR | SUNU ASSURANCES NIGERIA PLC. | Finance | 5.52 | -6.44 |
The financial sector saw significant losses as market participants reacted to economic uncertainty, compounded by concerns over rising inflation and monetary policy adjustments.
Sectoral Analysis
The energy minerals, transportation, and consumer non-durables sectors were the top performers, while finance, health technology, and non-energy minerals lagged behind.
- Best Sectors: Energy minerals, transportation, process industries, consumer non-durables
- Worst Sectors: Finance, health technology, electronic technology, commercial services
Nigerian Bond Market Update
The bond market showed stable yields, with the 2-year bond closing at 20.58%, the 3-year at 20.0%, and the 5-year at 20.38%. The market remains attractive to fixed-income investors seeking high returns amid rising inflation concerns.
Macroeconomic Indicators
The Central Bank of Nigeria (CBN) maintained a tight monetary stance to combat inflation. Key data points include:
- Inflation Rate: 24.48% (January 2025)
- Monetary Policy Rate: 27.50%
- Interbank Call Rate: 31.50%
- 91-Day Treasury Bill Rate: 18%
- Exchange Rate (Feb 26, 2025): NGN/USD 1,495.00 (closing rate)
- Crude Oil Price: $80.76 per barrel
Market Outlook
Despite a minor downturn in the NGX All Share Index, the market remains in a long-term bullish trend, with year-to-date growth at 4.61% and a 3-year return of 127.19%. The bond market continues to provide a safe haven for risk-averse investors, while equities remain attractive for those seeking growth.
With rising inflation and high interest rates, investors will closely watch CBN’s next policy move. The performance of major stocks suggests that consumer goods and energy sectors could continue their upward trajectory.
Final Thoughts The Nigerian stock market remains resilient amid global economic pressures. While some stocks suffered due to sector-specific challenges, top gainers indicate strong investor confidence in consumer goods, energy, and industrial sectors. Investors should stay informed about macroeconomic trends and sectoral shifts to navigate the market effectively.
For more market insights, visit Naija Investing.
