Home Stock Market NGX All-Share Index closes positive, up 2bps

NGX All-Share Index closes positive, up 2bps

by Business News Report

Activity on the Lagos bourse was mixed, albeit with a bullish tilt as the benchmark index closed marginally higher (+0.02%) at 54,520.20 points. Gains in ZENITHBANK (+0.59%), GTCO (+0.20%) and NB (+1.23%) offset the declines in WAPCO (-2.44%) and FBNH (-0.43%). Subsequently, the market remains on track for a weekly gain. The year-to-date (YTD) return rose to 6.38%, while the market capitalisation rose by ₦7.53bn to close at ₦29.70trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 17.28%. A total of 125.86m shares valued at ₦3.60bn were exchanged in 2,670 deals. GTCO (+0.20%) led the volume chart with 19.17m units traded while DANGCEM (+0.00%) led the value chart  in deals worth ₦1.95bn.

Market breadth closed negative at a 1.18-to-1 ratio with declining issues outnumbering advancing ones. COURTVILLE (-9.62%) topped twelve (12) others on the laggard’s log while JAPAULGOLD (+7.14%) led ten (10) others on the leader’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index54,520.200.026.38
Market Cap. (₦ ‘trillion)29.700.036.38
Volume (millions)125.86-6.40
Value (₦ ‘billion)3.60-17.28

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
GEREGU₦8.00  (final)TBATBA
MTNN₦10  (final)28-Mar-2320-Apr-23
SEPLAT$0.025 (interim)11-Nov-226-Dec-22
ACCESSCORP₦0.20 (interim)28-Sep-2212-Oct-22
GTCO₦0.30 (interim)21-Sep-2230-Sep-22

Coronation Research Note

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