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NGX Weekly Recap — Who Won, Who Lost?
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52 days agoNGX Weekly Recap — Who Won, Who Lost?
Last week, the Nigerian Stock Market slipped 0.9%. Investors bailed on banking and industrial stocks, but don’t forget — the market is still flexing a solid 35% gain YTD.
So, who wore the crown and who took the hit? Let’s break it down:
Winners
Zenith Bank → Dividend magnet. Investors are circling.
AIICO Insurance → Strong fundamentals, quiet but steady.
Fidson Healthcare → Screaming undervalued — smart money is watching.
Vitafoam Nigeria → Trading below true worth. Bargain vibes.
Presco → Profit machine, fundamentals on lock.
Losers
Industrial Goods → Heavy sell-offs, dragging the index down.
Banking Sector (short-term) → Taking heat now, but Q3 earnings could flip the script.
Foxxymobile Insight: Forget chasing quick flips — the short-term looks choppy. The real juice? Medium-to-long-term plays in undervalued gems. Stay patient, stay sharp, and yes — always check with your financial adviser before rolling the dice.
Markets move. Foxxymobile keeps you moving smarter.