Home Finance NGX All-Share Index ends the week strong, gains 0.37% w/w

NGX All-Share Index ends the week strong, gains 0.37% 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 0.12% to close at 71,112.99 points. Interests in SEPLAT (+7.69%), UBA (+0.48%), and ACCESSCORP (+0.29%) kept the market in the green offsetting losses in MTNN (-0.62%), ZENITHBANK (-0.30%), and DANGSUGAR (-0.65%). Having gained in four out of five trading sessions this week, the ASI closed 0.37% higher w/w, its fourth consecutive weekly gain.

Over the course of the week, strong performance across index heavyweight, MTNN (+2.35% w/w), alongside SEPLAT (+6.06% w/w) and ZENITHBANK (+1.06% w/w) drove the market’s performance outweighing losses in BUACEMENT (-2.80% w/w), DANGSUGAR (-0.97% w/w), and ACCESSCORP (-0.29% w/w). As a result, the year-to-date (YTD) return rose to 38.75%, while the market capitalization gained ₦180.22bn w/w to close at ₦39.11trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 37.77%. A total of 441.58m shares valued at ₦6.03bn were exchanged in 5,883 deals. JAIZBANK (-0.62%) led the volume chart with 95.21m units while GTCO (+0.00%) led the value chart in deals worth ₦1.31bn.

Market breadth closed positive at a 1.54-to-1 ratio, with advancing issues outnumbering declining ones. MULTIVERSE (+10.00) topped nineteen (19) others on the leader’s log, while JAPAULGOLD (-9.09%) led twelve (12) others on the laggard’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index71,112.990.1238.75
Market Cap. (₦ ‘trillion)39.110.1240.10
Volume (millions)441.58-8.74
Value (₦ ‘billion)6.0337.77

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
STANBIC₦1.50 (interim)13-Sep-2327-Sep-23
GTCO₦0.50 (interim)15-Sep-2325-Sep-23
FIDELITYBK₦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
AIRTELAFRI3.27 CENTS22-Jun-2326-Jul-23

Source: Coronation

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