The Weekly Street Note — W36 · 4 Sep 2026

🟢 0 Conviction Buy · 🟡 0 Accumulate

The NGX entered September with a decisive clearance: eight names dropped from Conviction Buy status this week, including systemically important holdings like Zenith Bank, Eterna, and Updcreit. The composite scorecard shows zero new entrants to replace them, and the median investable score remains unavailable—signaling either a data gap or a market-wide quality compression. Against this backdrop, the NGX-ASI gained 2.36% in the first trading week of September with N210.3 billion in turnover, yet breadth appears fragile.

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MoloneyStreetRe Analytics — research output, not personalised investment advice.