Home Uncategorized NGX All-Share Index ends the first week 2023 down 0.06% w/w

NGX All-Share Index ends the first week 2023 down 0.06% w/w

by Business News Report

Closing the week, the Lagos bourse recovered losses from the previous session, bringing the All-Share Index up by 0.70% to close at 51,222.34 points. The market’s performance was bolstered by renewed investor interest in AIRTELAFRI (+3.33%) and DANGCEM (+0.38%) offsetting losses in NESTLE (-1.82%) and ZENITHBANK (-0.41%). Despite having gained in three (3) of four (4) trading sessions this week, the ASI recorded a 0.06% decline w/w, eroding the prior week’s gains.

Over the course of the week, AIRTELAFRI (-5.20% w/w), BUACEMENT (-1.79% w/w), NESTLE (-1.82% w/w) were the major drivers of the week’s loss. As a result, the year-to-date (YTD) return stood at -0.06%, while the market capitalisation shed ₦15.64bn w/w to close at ₦27.90trn. Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 307.38%. A total of 195.74m shares valued at ₦7.45bn were exchanged in 3,650 deals. FBNH (+1.36%) led the volume chart with 41.90m units traded while BUACEMENT (+0.00%) led the value chart in deals worth ₦2.90bn. Market breadth closed negative at a 1.07-to-1 ratio with declining issues outnumbering  advancing ones. PZ (-9.09%) led fifteen (15) others on the laggard’s log, while NEIMETH (+8.39%) topped fourteen (14) others on the gainer’s table.

The Stock Market closed the first trading week of 2023 on a negative note as the benchmark index dipped 0.1% w/w to 51,222.34 points following price decline in AIRTELAF (-5.2%), BUACEMENT (-1.8%) and NESTLE (-1.8%). Likewise, market capitalisation declined ₦15.6bn to ₦27.9tn while YTD return settled at -0.1%. Activity level was mixed as average volume traded fell 59.0% to 230.5m units while value traded rose 22.1% to ₦6.8bn. The most traded stocks by volume were BUACEMENT (132.5m units), FBNH (69.2m units) and GTCO (56.1m units) while BUACEMENT (₦12.8bn), AIRTELAF (₦4.2bn) and GTCO (₦1.3bn) led by value.

Performance across sectors under our coverage was positively skewed as 4 of the 6 indices advanced w/w. The Consumer Goods and Banking indices led the gainers, up 6.4% and 4.3% respectively following price uptick in NB (+14.6%), BUAFOODS (+14.6%), FIDELITY (+9.2%), and UBN (+8.6%). Trailing, the Insurance and Oil & Gas indices rose 2.7% and 0.1% sequentially as AIICO (+8.5%) and ETERNA (+7.6%) advanced. Conversely, the AFR-ICT and Industrial Goods indices fell 3.0% and 0.6% respectively due to sell-offs in AIRTELAF (-5.2%) and BUACEMENT (-1.8%).

Investor sentiment as measured by market breadth waned to 0.2x from 0.3x as 37 stocks gained, 17 lost and 98 closed flat. JOHNHOLT (+20.5%), NAHCO (+15.6%) and NB (+14.6%) led the top gainers while CHAMPION (-15.6%), CHIPLC (-10.4%) and CHELLARA (-9.8%) led the decliners. In the coming week, we anticipate a positive performance as investors seek bargain hunting opportunities.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index51,222.340.70-0.06
Market Cap. (₦ ‘trillion)27.900.70-0.06
Volume (millions)195.7441.11
Value (₦ ‘billion)7.45307.38

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