Home Stock Market NGX All-Share Index ends the week strong, gains 0.11% w/w

NGX All-Share Index ends the week strong, gains 0.11% w/w

by Business News Report

Closing the week, the Nigerian equities ended on a negative note as the All-Share Index closed 0.17% weaker to settle at 66,454.57 points. Gains in Telco Heavyweight, AIRTELAFRI (+8.53%), alongside ZENITHBANK (+0.31%) and GTCO (+0.14%) drove the market’s strong performance outweighing losses in Industrial Heavyweight, DANGCEM (-8.79%), alongside WAPCO (-0.34%), and NB (-1.28%).  Having gained in two (2) of four  (4) trading sessions this week, the ASI closed 0.11% higher w/w.

Over the course of the week, AIRTELAFRI (+8.53% w/w), BUACEMENT (9.94% w/w) and ZENITHBANK (+1.75% w/w) were the major drivers of the broader index positive performance offsetting losses in MTNN (-5.30% w/w), DANGCEM (-8.79%), and FBNH (-0.92% w/w). Consequently, the year-to-date (YTD) return fell to 29.66%, while the market capitalization gained ₦178.58bn w/w to close at ₦36.51trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 88.75%. A total of 374.09m shares valued at ₦8.93bn were exchanged in 6,822 deals. UBA (+2.69%) led the volume chart with 52.42m units traded while BUACEMENT (+0.00%) led the value chart in deals worth ₦4.06bn.

Market breadth closed negative at a 1.13-to-1 ratio with declining issues outnumbering declining ones. OANDO (+9.55%) led seventeen (17) others on the laggard’s log while AIRTELAFRI (+8.53%) topped fifteen (15) others on the leader’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index66,454.57-0.1729.66
Market Cap. (₦ ‘trillion)36.51-0.0530.79
Volume (millions)374.09-63.12
Value (₦ ‘billion)8.9388.75

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
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
NGXGROUP₦0.2531-Jul-2331-Aug-23
BUACEMENT₦2.8014-Aug-2324-Aug-23
FBNH₦0.509-Aug-2316-Aug-23
AIRTELAFRI3.2722-Jun-2326-Jul-23
TOTAL₦21.0026-Apr-232-Jun-23
NESTLE₦36.5024-Apr-2318-May-23
WAPCO₦2.0011-Apr-2328-Apr-23
NB₦1.0317-Mar-2326-Apr-23
DANGCEM₦20.0031-Mar-2324-Apr-23
DANGSUGAR₦1.5027-Mar-2315-Apr-23
GEREGU₦8.0028-Feb-2329-Mar-23a

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