Home Finance Airtel Africa repurchase 315,000 ordinary shares, NGX All-Share Index closes positive, up 0.40%

Airtel Africa repurchase 315,000 ordinary shares, NGX All-Share Index closes positive, up 0.40%

by Business News Report

Airtel Africa has said at the floor of Nigerian Exchange NGX that it has successful repurchase 315,000 units of its ordinary shares of $ 0.50 each on the LONDON STOCK EXCHANGE (LSE) at a volume weighted average price of £96.73 each. This is coming five days after the commencement of the first phase of its $100.0m share buy-back program ($50.0m in each phase), aimed at reducing the company’s capital (all buyback shares would be cancelled.

Meanwhile the NGX closed positive as the benchmark index gained 0.40% to close at 99,591.64 points. Sustained investor interest in TRANSPOWER (+9.99%), FBNH (+9.95%), and TRANSCORP (+9.96%) outweighed losses in GTCO (-0.84%), ZENITHBANK (-4.23%), and UBA (-0.23%), keeping the market in the positive terrain.  Consequently, the year-to-date  return rose to 33.19%, while market capitalisation gained ₦226.83tn to close at ₦56.31tn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 38.63%. A total of 416.48m shares valued at ₦19.51bn were exchanged in 9,338 deals. TRANSCORP (+9.96%) led the volume chart  with 67.34m units traded, while TRANSPOWER (+9.99%) led the value chat with deals worth ₦11.78bn.
Market breadth closed negative at a 0.62-to-1 ratio with declining issues outnumbering the advancing ones. IKEJAHOTEL (-10.00%) topped twenty-eight (28) others on the laggard’s table while TRANSPOWER (+9.99%) led seventeen (17) others on the leader’s log.
Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index99,591.640.4033.19
Market Cap. (₦ ‘trillion)56.310.4037.62
Volume (millions)416.484.61
Value (₦ ‘billion)19.51-38.63
Dividend Information for 2023
CompanyDividend (Bonus)Closure DatePayment Date
SEPLAT ENERGY$0.03 (Q3 INTERIM)13-Nov-2324-Nov-23
ACCESSCORP₦0.30 (interim)6-Oct-2319-Oct-23
UBA₦0.50 (interim)27-Sep-236-Oct-23
ZENITHBANK₦0.50 (interim)25-Sep-2329-Sep-23
STANBICN1.50 (interim)13-Sep-2327-Sep-23
GTCO₦0.50 (interim)15-Sep-2325-Sep-23
FIDELITYBKN 0.25 (interim)15-Sep-2322-Sep-23
CUSTODIAN₦0.15 (interim)21-Aug-235-Sep-23
SEPLAT ENERGY3 US CENTS (interim)18-Aug-2330-Aug-23
MTNN₦5.60  (interim)17-Aug-2324-Aug-23

Data Source: Coronation

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