Nigeria Stock Market Today: Analysis and Buy Suggestions

The overall momentum in the Nigerian equity market appears to be tapering off. As of today, the NGX All-Share Index is down approximately 0.34%, closing at 145,367.03 points, with weakness across eight sectors while only five showed modest gains. Sectors such as consumer durables, consumer non-durables, retail, electronic technology, and non-energy minerals held up relatively better. This downturn is attributed to subdued oil sector performance and revenue shortfalls.

Valuable Market Snapshot & Context

Recent data shows that Nigeria’s overall market capitalization is around ₦67.0 trillion as of August 15, 2025, reflecting steady growth over time with current P/E at about 11.7× and P/S at 2× suggesting valuations remain reasonably attractive.

Solid Q2 performance was recorded by UAC of Nigeria Plc (UACN), with a remarkable 27% revenue growth and impressive ₦6.1 billion Profit Before Tax, underlining strong fundamentals.

Suggested Stocks to Watch & Consider Buying

UAC of Nigeria Plc (UACN) Strong Q2 results indicate resilience and growth, good pick for medium-term investors.

Consumer & Retail Names Sectors like consumer durables, retail, and non-durables are outperforming today look for bargains there.

Growth/Value Stocks (general) Moderate valuations (P/E ~11.7×) suggest the market may still harbor good value opportunities across diverse sectors.

Long-term confidence persists in the market, with structural and value investors continuing to participate even amid lower participation a mindset reminiscent of the last week of July when lower volumes still yielded sharp index gains.

While we lack immediate, sector specific “buy” recommendations today beyond UACN, the relative strength in consumer-focused stocks and the healthy valuation backdrop suggest further potential across well performing industry groups.

Summary; Today's Take

Market is softening, with broader weakness, especially in sectors linked to oil and financials.

Valuations remain moderate, offering a favorable entry environment for long-term investors.

UACN stands out as a fundamentally strong performer with recent earnings growth, making it a compelling buy for medium-term holding.

Opportunities exist in consumer, retail, and technology-linked sectors that have shown resilience.