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

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

by Business News Report

Closing the week, the Lagos bourse ended the session on a positive note, bringing the All-Share index up by 0.25% to close at 71,230.48 points. Interests in ZENITHBANK (+3.58%), GTCO (+0.13%), and UBA (+0.48%) kept the market in the green. Having gained in three out of five trading sessions this week, the ASI closed 0.17% higher w/w.
Over the course of the week, strong performance in ZENITHBANK (+3.89% w/w), GTCO (+5.81% w/w) and GEREGU (+0.88% w/w) drove the market’s performance outweighing losses in MTNN (-0.63% w/w), STANBIC (-7.08% w/w), and DANGSUGAR (-1.64% w/w). As a result, the year-to-date (YTD) return rose to 38.98%, while the market capitalisation gained ₦64.61bn w/w to close at ₦39.17trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 24.07%. A total of 582.77m shares valued at ₦4.27bn were exchanged in 6,874 deals. VERITASKAP (-7.50%) led the volume chart with 107.05m units traded while ZENITHBANK (+3.58%) led the value chart in deals worth ₦773.81m.
Market breadth closed positive at a 1.60-to-1 ratio, with advancing issues outnumbering declining ones. NSLTECH (+10.00%) topped thirty-one (31) others on the leader’s log, while ABCTRANS (-9.68%) led nineteen (19) others on the laggard’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index71,230.480.2538.98
Market Cap. (₦ ‘trillion)39.170.2540.33
Volume (millions)582.773.38
Value (₦ ‘billion)4.2724.07

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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