Home Finance NGX All-Share Index ends the perfect week up 6.88% w/w

NGX All-Share Index ends the perfect week up 6.88% w/w

by Business News Report

Ending the perfect week, Nigerian equities closed the session stronger, bringing the All-Share index up by 2.04% to settle at 47,554.34 points, the highest point since 14 October. Telco heavyweights, AIRTELAFRI (+7.41%) and MTNN (+5.00%) were the primary drivers of the market’s strong close. Notably, having gained in all five (5) trading sessions this week, the ASI closed 6.88% higher w/w, the largest weekly gain since 18 December 2020.

Over the course of the week, strong bullish sentiment in index heavyweights, AIRTELAFRI (+14.17 w/w), DANGCEM (+9.98% w/w) and MTNN (+6.60% w/w) offset losses in NESTLE (-20.67% w/w), SEPLAT (-3.57% w/w) and PRESCO (-8.71% w/w). As a result, the year-to-date (YTD) return rose to 11.33%, while the market capitalisation gained ₦1.67tn w/w to close at ₦25.90tn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 154.41%. A total of 98.98m shares valued at ₦5.52bn were exchanged in 2,780 deals. FCMB (-0.91%) led the volume chart with 16.84m units traded while MTNN (+5.00%) led the value chart in deals worth ₦3.30bn. Market breadth closed positive at a 2.29-to-1 ratio with advancing issues outnumbering declining ones. REGALINS (+8.70%) topped fifteen (15) others on the gainer’s table while NESTLE (-10.00%) led six (6) others on the laggard’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index47,554.342.0411.33
Market Cap. (₦ ‘trillion)25.902.0416.17
Volume (millions)98.98-28.58
Value (₦ ‘billion)5.52154.41

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

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