NGX All-Share Index closes strong, up 0.48% w/w

In the last trading session of the week, the domestic bourse reversed some of the week’s gains, bringing the All-Share Index down by 5bps to close at 55,794.51 points. Selloffs in ZENITHBANK (-0.77%) and WAPCO (-0.19%) drove the market’s overall performance. Having gained in three (3) of five (5) trading sessions this week, the ASI closed 0.48% higher w/w, extending gains for the third consecutive week.

Over the course of the week, MTNN (+1.35% w/w), OKOMU (+1.27% w/w) and GUINNESS (+1.45% w/w) led the market’s gains. On the flip side, ZENITHBANK (-3.01% w/w), WAPCO (-2.22% w/w) and NB (-0.97% w/w) contributed to roil the overall market. Consequently, the year-to-date (YTD) rose to 8.87%, while the market capitalisation gained ₦144.96bn w/w to close at ₦30.39trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 177.84%. A total of 276.04m shares valued at ₦8.59bn were exchanged in 3,467 deals. TRANSCORP (+0.00%) led the volume chart with 87.37m units traded while BUACEMENT (+0.00%) led the value chart in deals worth ₦7.05bn.

Market breadth closed negative at a 3.40-to-1 ratio, with declining issues outnumbering advancing ones. CONOIL (-9.95%) topped sixteen (16) others on the laggard’s log, while NGXGROUP (+7.26%) led four (4) others on the leader’s table.

Find below key highlights of market activities

Dividend Information for 2023

Source: Coronation