Home Finance NGX All-Share Index ends the week positive, up 4.24% w/w

NGX All-Share Index ends the week positive, up 4.24% w/w

by Business News Report

Closing the week, the domestic bourse ended the session on a positive note, bringing the All-Share index up by 0.54% to close at 83,042.96 points. Buying interests in BUAFOODS (+3.41%), GTCO (+2.89%), and DANGSUGAR (+1.04%) offset selloffs in BUACEMENT (-0.63%), ZENITHBANK (-1.15%) and ACCESSCORP (-0.53%) kept the market in the positive terrain. Having gained in four out of five trading sessions this week, the ASI closed 4.24% higher w/w.

Over the course of the week, strong performances in BUAFOODS (+15.54% w/w), ZENITHBANK (+2.38% w/w) , and DANGSUGAR (+4.92% w/w) drove the market’s positive performance, outweighing losses in  MTNN (-0.70% w/w), FIDELITYBK (-5.63% w/w), and GUINNESS (-1.64% w/w). Consequently, the year-to-date (YTD) return rose to 11.06%, while the market capitalization gained ₦1.85trn w/w to close at ₦45.44trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 36.88%. A total of 600.63m shares valued at ₦9.10bn were exchanged in 11,697 deals. TRANSCORP (+3.36%) led the volume chart with 54.44m units traded while  ACCESSCORP (-0.53%)  led the value chart with deals worth ₦1.27bn.

Market breadth closed positive at a 2.42-to-1 ratio with advancing issues outnumbering the declining ones. MBENEFIT (+10.00%) topped forty-five (45) others on the leader’s table while IMG (-9.15%) led eighteen (18) others on the laggard’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index83,042.960.5411.06
Market Cap. (₦ ‘trillion)45.440.5411.06
Volume (millions)600.63-31.53
Value (₦ ‘billion)9.10-36.88

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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