Closing the week, the Lagos bourse ended the session on a positive note, bringing the All-Share index up by 0.22% to close at 70,196.77 points. Buying interests in Telco Heavyweight, AIRTELAFRI (+5.66%), alongside GTCO (+0.43%), and DANGSUGAR (+0.48%) offset selloffs in MTNN (-2.50%), BUACEMENT (-4.29%) and UBA (-2.39%) kept the market in the positive terrain. Having gained in four (4) of five (5) trading sessions this week, the ASI closed 4.56% higher w/w.
Over the course of the week, strong performances in DANGCEM (+5.77% w/w), AIRTELAFRI (+27.85% w/w), and ZENITHBANK (+2.10% w/w) drove the market’s positive performance, outweighing losses in MTNN (-5.07% w/w), BUACEMENT (-5.01% w/w) and GTCO (-0.57% w/w). As a result, the year-to-date (YTD) return rose to 36.97%, while the market capitalization gained ₦1.67bn w/w to close at ₦38.56trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 50.50%. A total of 410.36m shares valued at ₦9.16bn were exchanged in 6,436 deals. FIDELITYBK (+0.60%) led the volume chart with 61.10m units traded while AIRTELAFRI (+5.66%) led the value chart in deals worth ₦2.22bn.
Market breadth closed flat. INTBREW (+9.64%) topped eighteen (18) others on the leader’s log while CHAMS (-8.18%) led eighteen (13) others on the laggard’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||38.56||0.20||38.12|
|Value (₦ ‘billion)||9.16||50.50|
Dividend Information for 2023