NGX Weekly Stock Picks: Top Buys, Sells and Sectors to Watch This Week

According to the report, the market closed the previous week on a strong bullish run. The NGX All-Share Index rose by 3.84% to 171,727.49 points, while total market capitalisation climbed to about ₦110.23 trillion. Sector performance was led by Oil & Gas, which gained 10.88%, followed by Industrial Goods at 4.36% and Banking at 3.57%.

Across analyst recommendations, banking stocks remain the clearest “buy” category. Zenith Bank appears to have the strongest and most consistent buy ratings across the brokers tracked, while Access Holdings (AccessCorp) also enjoys broad support. 

On the other hand, First HoldCo stands out as the weakest name in the banking group this week, with several analysts rating it a “sell.”

In the industrial goods space, sentiment is still largely positive, but more mixed than in the banking sector. WAPCO continues to lean “buy” overall, although some analysts have moved to “hold” or “reduce.” 

Dangote Cement sits in the “buy/hold” range depending on the broker, while BUA Cement remains split; some analysts rate it “sell,” while others still maintain “hold” or “buy” positions.

Consumer goods show the widest disagreement. BUA Foods is clearly divided, with a mix of “buy/hold” ratings and “sell” calls from other analysts. Dangote Sugar also faces notable sell pressure. 

Unilever trends more positively, with many analysts leaning toward “buy” or “accumulate.” Nestlé is the most consistently cautious name in the group, frequently appearing with “sell” or “reduce” ratings even when a few brokers keep it at “buy.”

In oil and gas, the recommendations suggest a more cautious tone after the sector’s recent rally. Seplat is mixed, showing both “buy/hold” support and at least one “sell” rating. 

Aradel is mainly “hold” with a few “buy” calls. Oando is mostly marked “under review,” while Total leans “hold,” though one analyst maintains a “sell” stance.

Outside the major sectors, Airtel Africa stands out with strong and consistent “buy” recommendations. MTNN is also positive overall, but includes some “hold” or “reduce” ratings. In agriculture, both Presco and Okomu Oil trend positive with “buy/accumulate/hold” calls, although one broker rates Okomu Oil as a “sell.”