Finance Friday- Nigeria’s Capital Markets Gain Momentum as Global Policy Stability and Industrial Expansion Shape Investor Sentiment
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Market Overview
Good evening and welcome to today’s market kick-off, where Nigerian corporate actions take centre stage amid mixed global policy signals. The session highlights fresh bond listings, equity issuance, and strategic acquisitions pointing to balance sheet optimisation and financial sector expansion. Globally, investors are weighing steady central bank stances, commodity supply dynamics, and renewed industrial investment across Asia.
Nigerian News & Market Update
UAC of Nigeria Lists ₦54.03billion Bond on FMDQ Exchange:
UAC of Nigeria Plc has listed a ₦54.03 billion, 7-year fixed-rate bond on the FMDQ Exchange to refinance debt, fund capital projects, and strengthen working capital. - Dmarketforces
GTCO Lists Additional Shares after Private Placement:
GTCO Plc listed additional shares on the NGX after a fully subscribed private placement, lifting its outstanding shares to 36.55 billion and market value to about ₦3.62 trillion. - Dmarketforces
BAS Capital acquires DOT Microinsurance:
BAS Capital has acquired DOT Microinsurance Limited, strengthening its strategy to expand inclusive financial services within Nigeria’s microinsurance sector. - TheNation
Nestlé strengthens supply chain with AEO certification:
Nestlé Nigeria Plc has received top-tier Authorised Economic Operator certification from the Nigeria Customs Service, boosting supply chain security, compliance, and faster customs clearance. - Punch
Nigeria Sectoral Indices Performance
The table below shows that the Nigerian equities closed broadly higher, led by strong gains in Oil & Gas, Insurance, and Industrial Goods, pushing the NGX 30 and NSE ASI firmly into positive territory on the day. Market breadth remains constructive, with most indices posting solid WTD and MTD advances, although Insurance lagged on a short-term pullback despite a strong longer-term trend. Year-to-date performance highlights continued sector rotation into Oil & Gas, Consumer Goods, and premium names, signalling sustained investor appetite for cyclical and quality stocks.
Fixed Income (FGN Bonds)
Global News & Market Update
Indonesia’s Danantara fund launches natural resources processing projects worth $7 billion:
Indonesia’s sovereign wealth fund Danantara has launched six natural resources processing projects worth $7 billion, including green energy, metals smelting, bioethanol, and agriculture, to accelerate downstream industrial development. - Reuters
China approves some rare earth exports to Japan under tightened controls:
China has approved some rare earth exports to Japan despite tightened export controls, according to Japan’s Kyodo News. - Reuters
India’s central bank keeps rates on hold after US trade deal:
India’s central bank kept its repo rate unchanged at 5.25%, citing strong growth, contained inflation, and reduced trade pressures after the U.S. trade deal, signalling a prolonged policy pause. - Reuters
Shell picks PwC as auditor to replace EY:
Shell has appointed PwC as its new auditor from 2027, replacing EY following regulatory concerns over audit partner rotation breaches. - Reuters
Indices, Commodities & Currencies
The table below shows that the Global markets traded mostly higher, with U.S., European and Asian equity indices closing in positive territory, while volatility eased as the VIX declined. Energy prices firmed across the board, supported by gains in crude oil and natural gas, while industrial metals and grains showed broad strength, pointing to resilient demand expectations. In currencies, the U.S. dollar softened slightly against major peers, with modest gains in EUR and GBP, suggesting a cautiously risk-on tone across global markets.
Fixed Income (USA Bonds)
Conclusion
Looking ahead, Nigerian markets may see selective positioning as fixed income supply increases and corporate balance sheets strengthen, supporting liquidity and valuation stability. Globally, stable policy rates and industrial investments could keep risk appetite measured but constructive, especially for emerging markets tied to commodities and manufacturing. Investors should watch interest rate expectations, capital flows, and execution of announced projects for near-term market direction.
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