Home Finance NGX All-Share Index ends the week positive, gains 0.17% w/w

NGX All-Share Index ends the week positive, gains 0.17% w/w

by Business News Report

In the last trading session of the week, Nigerian equities staged a rebound, recouping the prior session loss as the benchmark index closed 0.12% stronger to settle at 71,541.74 points. Sustained gains in AIRTELAFRI (+2.10%) and GTCO (+0.26%) pushed the broader index into the positive terrain. Having gained in three (3) out of five (5) trading sessions this week, the ASI closed 0.17% higher w/w, its seventh consecutive weekly growth. 
During the week, strong performances across MTNN (+0.25% w/w), UBA (+5.63% w/w) and STANBIC (+6.37% w/w) were sufficient to offset the losses in BUACEMENT (-7.21% w/w), DANSUGAR (-0.52% w/w) and OANDO (-12.29%). As a result, the year-to-date (YTD) return rose to 39.59%, while the market capitalization gained ₦45.87bn w/w to close at ₦39.15trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 15.41%. A total of 503.84m shares valued at ₦7.21bn were exchanged in 5,747 deals. MBENEFIT (+1.92%) led the volume chart  with 67.28m units traded while AIRTELAFRI (+2.10) led the value chart in deals worth ₦1.95bn.

Market breadth closed negative at a 1.38-to-1 ratio with declining issues outnumbering advancing ones. FBNH (-10.00%) topped twenty-one (21) others on the laggard’s table while MULTIVERSE (+9.95%) led fifteen (15) others on the leader’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index71,541.740.1239.59
Market Cap. (₦ ‘trillion)39.150.1240.24
Volume (millions)503.8415.41
Value (₦ ‘billion)7.21-4.53

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
SEPLAT ENERGY$0.03 (Q3 interim)13-Nov-2324-Nov-23
ACCESSCORP₦0.30 (interim)6-Oct-2319-Oct-23
UBA₦0.50 (interim)27-Sep-236-Oct-23
ZENITHBANK₦0.50 (interim)25-Sep-2329-Sep-23
STANBICN1.50 (interim)13-Sep-2327-Sep-23
GTCO₦0.50 (interim)15-Sep-2325-Sep-23
FIDELITYBKN 0.25 (interim)15-Sep-2322-Sep-23
CUSTODIAN₦0.15 (interim)21-Aug-235-Sep-23
SEPLAT ENERGY3 US CENTS (interim)18-Aug-2330-Aug-23
MTNN₦5.60  (interim)17-Aug-2324-Aug-23

Source: Coronation

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