NEM

NEM is currently trading within a key demand zone of ₦26.4–₦27.55 per share, an area I’m watching closely for signs of stabilization or a potential bounce. However, the reaction to its weak Q1 2026 results suggests sentiment remains fragile, and buyers need to show clear strength at this level.
If this zone fails to hold, it would signal further downside, with the next major demand area coming in around ₦21.9–₦22.95, where I would have stronger conviction to step in. For now, it’s a wait-and-see approach as the market continues to reprice the disappointing fundamentals.
#NFA