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NGX

The Nigerian Exchange Group (NGXGROUPThe Nigerian Exchange Group (NGXGROUP) is the company that owns and operates the Nigerian Exchange (NGX), where other companies’ stocks are traded. Because of this role, NGXGROUP’s performance is partly linked to the overall health of the Nigerian stock market. When trading activity is high, more companies list their shares, and investor confidence is strong, NGXGROUP often benefits — so its stock price tends to rise when the broader market is doing well. However, NGXGROUP is not just another listed company; it operates as a business that earns revenue from transaction fees, data services, and market operations. This means its stock may not always move exactly in line with the general market. At times, internal company decisions, management performance, or regulatory issues can cause its price to move differently from other Nigerian stocks. Overall, NGXGROUP’s share price shows a positive but not perfect correlation with the rest of the market. It tends to move in the same direction as the Nigerian Exchange Index but with less intensity — meaning it rises and falls with the market but not as sharply. Historical data shows it has even outperformed the market in certain periods, suggesting both market-driven and company-specific factors influence its performance. TECHNICAL VIEW: This asset retraced to FIB 61.8%, which is a critical level. If all things are equal, the push-up that has started should continue from here. MY buy: N60 TP: N80 trade with care
NSENG:NGXGROUPLong
by ForexClinik
Final Update on My Third Quarter Nigeria Stocks.. percentage up!Here's a summary and update on my third quarter 2025 Nigeria stock picks based on the price comparison from July to September 2025: Q3 2025 Trading View: Nigerian Stock Picks Update Strong Performers with Significant Gains: - BUACEMENT: Up approximately 52%, maintaining strong momentum as a leader in the cement sector. - ETRANZACT: Surged over 130%, showing explosive growth in the tech/payment sector partnership with FIRS. - ELLAHLAKES: Rose by 73%, indicating a promising position in its market. - MULTIVERSE: Grew nearly 59%, reflecting healthy gains in diversified technology. - DANGSUGAR: Increased by about 28%, notable growth in the sugar segment. - NB: Up nearly 19%, solid growth. - DANGCEM: Cement sector share climbed by over 17%. Moderate or Slight Decline: - ARADEL: Grew by about 8.8%, steady but less pronounced growth. - HMCALL: Slight decline of about 2.4%, stable but marginally down. - TRANSPOWER: Minor decrease near 1.9%, holding relatively steady. Overall Market Sentiment: - Average gain across my nigerian stocks was 37.27% from July to September 2025, reflecting strong positive momentum through the third quarter. - This aligns with the broader Nigerian stock market trends, where the NGX All-Share Index gained over 16% in July and sustained overall bullishness into Q3 2025 supported by growth in industrial goods, cement, and tech sectors. - Investors continue to show confidence especially in infrastructure materials and tech/payment companies, sectors driving market capitalization growth. Investor Takeaway: - My Q3 2025 stock picks exhibit robust growth potential, particularly in cement, technology, and payment solutions sectors. - Conservative performers like ARADEL provide portfolio stability, while high-growth stocks such as ETRANZACT and ELLAHLAKES offer significant upside.. See you in My Final Quarter Q4 Picks for the year 2025 Cheers!
NSENG:BUACEMENTLong
by Ifiok-Trades
7
$hmcall Hmcall Haldane Mccall Plc price at -40% DiscountNSENG:HMCALL Hmcall Haldane McCall operates in Nigerian real estate development and hospitality via subsidiaries Suru Homes and Suru Express Hotels. Current price: 4.05 naira per share hmcall Current price is -40% discount of previous all time high of 6.8naira per share. There is a likelihood that prices will stabilize around here as there is a double bottom formation in price action and Moneywave indication just turned upward from negative territory, My buy zone: 4.05 - 4.72 (Not financial Advice) Assuming a reversal in price. Tp1 = 6.50naira per share and Tp2 = 8.35naira per share (assuming bullish momentum is sustained) #Hmcall Idea is invalidated under 4naira per share
NSENG:HMCALLLong
by Ifiok-Trades
BUACEMENT failed to break its All Time HighBUACEMENT Fails to Break Its All-Time High BUA Cement Plc (NGX: BUACEMENT) has seen significant price swings over the past two years. The initial momentum that pushed the stock above the ₦100 mark in January 2024 carried it to an all-time high (ATH) of around ₦185. However, this rally was followed by a prolonged downtrend, with the stock declining to approximately ₦83 by March 2025. A renewed breakout in mid-July 2025 brought BUACEMENT close to retesting its historical peak, but buying momentum was insufficient to break through the ATH. Technical View Resistance: ₦185 remains the critical resistance zone. Support Levels: Watch for weakness below ₦144, which could accelerate a decline. Key zones to monitor include ₦120 and ₦100. Strategy: A dollar-cost averaging (DCA) approach around ₦120 could provide a more favorable entry point for long-term investors. Patience and discipline remain essential in this setup. 📌 This outlook is for educational purposes only and does not constitute financial advice. Always trade and invest responsibly. Please, follow me here and let's build an army on TradingView if you found this helpful
NSENG:BUACEMENTShort
by ForexClinik
From Fish Farming to Agribusiness Giant: Ellah Lakes’ 304% Rise Ellah Lakes Plc is a Nigeria‑based agribusiness firm, once focused on fish farming but now primarily engaged in oil palm, cassava, maize, soya, and rice production and processing, operating plantations across Edo, Ondo, Enugu, Ekiti (Nigeria) and Ghana. This asset has made roughly 304% gain since 2nd of June of this year. The questions are: 1. Is this vertical growth sustainable? 2. Will price action be respected technically as shown on the chart? 3. Will Ellah Lake drop back to close the yellow gap? (N5.3 - N6 zone) My final view: After a 304% gain since June, I am now questioning the sustainability of this vertical move, key technical zones, and whether a price correction to the ₦5.3–₦6 gap is on the horizon Trade with care
NSENG:ELLAHLAKESShort
by ForexClinik
AIICO Insurance aggressive channel breakoutAIICO Insurance's aggressive channel breakout. The strong breakout rewarded investors with over 61% ROI last week alone. While I am bullish on the Nigerian insurance sector because of the new insurance reform, I am patiently waiting for some of this stock to retrace for my entry for a ride into 2026 I would love to start buying AIICO from N2.3 using Dollar Cost Averaging strategy I would love to hear from you. Please like, comment, follow me and share
NSENG:AIICOLong
by ForexClinik
1
MSTR stock has seen a strong rally since JuneSince June, MSTR stock has seen a strong rally—rising from the mid‑$300s to above $430—driven by a few key factors: Bitcoin’s continued ascent has fueled sentiment. Bitcoin recently hit fresh record highs (above $118K), driven by a weakening dollar and bullish macro trends, which in turn boosted bitcoin-linked equities like MicroStrategy. In short, MSTR’s rally since June has been largely Bitcoin-driven: a powerful combination of rising crypto prices, ongoing BTC purchases, proactive capital raises, and positive analyst sentiment creating a bullish feedback loop. Let me know if you'd like a breakdown of Bitcoin’s trend or deeper insight on MSTR’s financing strategy. $447 will be my next buy TP. Please, share your thought, like, share and follow me.
NASDAQ:MSTRLong
by ForexClinik
MTN Nigeria Stock: A Strong Rally smashing the roofMTN Nigeria Stock: A Strong Rally smashing the roof MTN Nigeria stock has demonstrated remarkable growth since trading around the 170 naira zone in December 2024. As of December 9th, the stock was priced at 170 naira but has steadily rallied over the months to surpass several resistance levels (N320, N357 & N386). Based on this momentum, the nearest most significant support zone is N386. This is a zone with confluence between an ascending resistance trendline and a support level. The question is. 1. Can the buy continue with this vertical push-up up 2. Will the N386 confluence zone continue to hold this stock from falling? Trade with care. Please like, follow, and share your thoughts.
NSENG:MTNN
by ForexClinik
2
MTN Nigeria Stock Analysis and OutlookMTN Nigeria Stock Analysis and Outlook MTN Nigeria has shown a strong recovery, breaking out of its prolonged downtrend in early December 2024. Since then, the stock has delivered an impressive rally, gaining nearly 70% in value. As of the latest trading session, MTN Nigeria closed at ₦279. From a technical analysis standpoint, there is a possibility of a short-term pullback toward a key support zone (indicated in yellow on the chart). Should this level hold, the stock may continue its upward momentum with a potential push toward the ₦300 psychological resistance level. While the medium-term trend remains bullish, it is important to approach this with caution—particularly for short-term traders. Implementing a well-placed stop loss remains crucial to manage downside risks effectively in volatile market conditions. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always conduct your own due diligence before making investment decisions. Please: Follow me, like, and share my analysis. Also let me know your viee
NSENG:MTNNLong
by ForexClinik
1
Where Is TRANSCORP on NGX Heading Next?TRANSCORP recently broke its previous all-time high (ATH) of ₦53.5, setting a new ATH at ₦54.5. However, the bullish momentum did not sustain, and the price has retraced to the ₦50 zone, which is now acting as a key support level. Currently, there are no strong fundamental drivers indicating the possibility of a new rally. This raises the question: Could we see the price decline further to the ₦46 zone, a level that has served as strong support multiple times in the past? The Nigerian Exchange (NGX) has been quite volatile recently, and TRANSCORP is no exception.
NSENG:TRANSCORP
by ForexClinik
GTCO Faces Stiff Resistance at its 2018 All-Time HighGTCO Faces Stiff Resistance at its 2018 All-Time High. Guaranty Trust Holding Company (GTCO) continues to grapple with breaking past its 2018 all-time high (ATH), a significant technical resistance level that has challenged the stock since November 2024. Despite showing moments of strength, the stock has been unable to sustain momentum above this critical level. This persistent struggle suggests that investor sentiment may still be cautious, with the ATH acting as a psychological and technical barrier. For GTCO to convincingly surpass this level, it may require a strong catalyst—either in the form of robust financial performance, positive macroeconomic news, or heightened buying interest from institutional investors. Traders and investors should closely monitor volume trends and price action around this resistance zone. A decisive breakout accompanied by increased trading volume could signal the start of a new bullish trend. Conversely, repeated rejections could lead to a pullback, making the stock vulnerable to further corrections. Hopefully, GTCO is going to be among the stocks on NGX breaking ATH this year.
NSENG:GTCOLong
by ForexClinik