NGX All-Share Index edges higher, up 0.81

Extending gains for the second consecutive session, the local equities closed higher as the benchmark index gained 0.81% to settle at 62,019.88 points. Industrial heavyweight, DANGCEM (+1.75%) as well as ZENITHBANK (+1.32%), and STANBIC (+1.67%) were the major drivers of the market’s strong performance. Accordingly, the market remains on track for the first weekly gain in the month. The ASI’s year-to-date (YTD) return rose to 21.01%, with the market capitalisation up by ₦270.24bn to close at ₦33.77trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 821.84%. A total of 5.44bn shares valued at ₦95.01bn were exchanged in 9,948 deals. FBNH (+2.70%) led the volume and value charts with 4.69bn units traded in deals worth ₦87.81bn.

Market breadth closed positive at a 2.27-to-1 ratio, with advancing issues outnumbering declining ones. UBN (+10.00%) led thirty-three (33) others on the gainer’s log, while WAPIC (-9.59%) topped fourteen (14) others on the laggard’s table.

Find below key highlights of market activities

Dividend Information for 2023