NGX All-Share Index ends the week negative, down 0.96% w/w

In the week’s final trading session, the Nigerian equities ended its four-day winning streak as the benchmark index relapsed by 1.31% to close at 53,804.46 points. Selloff in telco heavyweight, AIRTELAFRI (-6.02%) drove the market’s weak performance. 

Despite having gained in four (4) of five (5) trading sessions this week, the ASI closed 0.96% lower w/w. Selloffs in AIRTELAFRI (-6.02% w/w), BUAFOODS (-0.13% w/w) and ZENITHBANK (-0.79% w/w) were the major drags on the overall market, negating upticks in MTNN (+1.49% w/w), WAPCO (+0.98% w/w) and NB (+1.23% w/w). As a result, the year-to-date (YTD) return fell to 4.98%, while the market capitalization shed ₦280.45bn w/w to close at ₦29.31trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 4.52%. A total of 172.90m shares valued at ₦3.77bn were exchanged in 3,077 deals. FBNH (+0.00%) led the volume chart with 47.42m units traded while GEREGU (+2.89%) led the value chart  in deals worth ₦762.07m.

Market breadth closed negative at a 1.50-to-1 ratio with declining issues outnumbering advancing ones. AIRTELAFRI (-6.02%) topped fourteen (14) others on the laggard’s log while WAPIC (+9.76%) led nine (9) others on the leader’s table.

Find below key highlights of market activities

Dividend Information for 2023