NGX All-Share Index ends the week positive, gains 1.29% w/w

In the last trading session of the day, Nigerian equities staged a rebound, recouping the prior session loss as the benchmark index ended 0.24% stronger to settle at 65,558.91 points.  The market’s performance was bolstered by renewed investor interest in GTCO (+0.28%), ACCESSCORP (+1.85%), and WAPCO (+0.37%) offsetting losses in ZENITHBANK (-0.76%), NB (-0.26%) and UBA (-0.36%). Having gained in four (4) of five (5) trading sessions this week, the ASI closed 1.29% higher w/w. 

During the week, strong performances across BUAFOODS (+17.94% w/w), STANBIC (+1.74% w/w) and DANGSUGAR (+35.71% w/w) were sufficient to offset the losses in MTNN (-0.18% w/w), ZENITHBANK (-3.68% w/w) and GTCO (-0.96%). Consequently, the year-to-date (YTD) return rose to 27.92%, while the market capitalization gained ₦446.03bn w/w to close at ₦35.88trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 67.19%. A total of 356.02m shares valued at ₦4.23bn were exchanged in 6,569 deals. TRANSCORP (+9.85%) led the volume chart with 76.72m units traded while NASCON (+9.95%) led the value chart in deals worth ₦465.01m
Market breadth closed positive at a 1.17-to-1 ratio with advancing issues outnumbering declining ones. NASCON (+9.95%) led twenty (20) others on the leader’s log while MBENEFIT (-8.89%) topped seventeen (17) others on the laggard’s table.

Find below key highlights of market activities

Dividend Information for 2023

Source: Coronation