Home Finance NGX All-Share Index closes week strong, gains 2.52% w/w

NGX All-Share Index closes week strong, gains 2.52% w/w

by Business News Report

Ending an almost perfect week, Nigerian equities closed the day 0.89% stronger, bringing the All-Share Index to settle at 52,512.48 points, the highest point since 15 June 2022. The market was buoyed today by sustained gains in telco heavyweight, MTNN (+4.50%), alongside ZENITHBANK (+1.79%) and WAPCO (+1.81%). Having gained in four (4) of five (5) trading sessions this week, the ASI closed 2.52% higher w/w, it’s first weekly gain in the year. 

Over the course of the week, DANGCEM (+3.05% w/w), MTNN (+6.93% w/w) and BUACEMENT (+3.59% w/w) were the main drivers of the week’s gain. Consequently, the year-to-date (YTD) return rose to 2.46%, while the market capitalization gained ₦702.71bn w/w to close at ₦28.60trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session with the value of transactions down by 66.96%. A total of 217.16m shares valued at ₦2.55bn were exchanged in 4,591 deals. ZENITHBANK (+1.79%) led the volume and value chart with 20.31m units traded in deals worth ₦517.74m.

Market breadth closed positive at a 4.14-to-1 ratio with advancing issues outnumbering declining ones. TOTAL (+10.00%) led twenty-eight (28) others on the gainer’s table while FIDSON (-4.60%) topped six (6) others on the laggard’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index52,512.480.892.46
Market Cap. (₦ ‘trillion)28.600.892.46
Volume (millions)217.162.56
Value (₦ ‘billion)2.55-66.96

Dividend Information for 2022

CompanyDividend (Bonus)Closure DatePayment Date
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
UBA₦0.20 (interim)22-Sep-2229-Sep-22
STANBIC₦1.50 (interim)7-Sep-2221-Sep-22
ZENITHBANK₦0.30 (interim)7-Sep-2213-Sep-22
SEPLAT$0.025 (interim)15-Aug-229-Sep-22
CUSTODIAN₦0.10 (interim)26-Aug-221-Sep-22
OKOMU OIL₦7.00 (interim)26-Aug-2229-Aug-22
MTNN₦5.60  (interim)19-Aug-2226-Aug-22
AIRTELAF$0.03 (final)23-Jun-2222-Jul-22
TOTAL₦18.20 (final)29-Apr-2217-Jun-22
NB₦1.20 (final)16-Mar-2222-Apr-22
WAPCO₦1.00 (final)8-Apr-2221-Apr-22

Source: Coronation Securities

Related Posts