NGX All-Share Index ends the week strong, gains 1.51% w/w

Closing the week, the Lagos bourse recovered losses from the previous session, bringing the All-Share Index up by 0.29% to close at 52,973.88 points. The market’s performance was bolstered by renewed investor interest in MTNN (+0.56%), ZENITHBANK (+0.93%) and GEREGU (+1.64%). Subsequently, having gained in four (4) out of five (5) trading sessions this week, the ASI closed 1.51% higher w/w.

During the week, positive performances in MTNN (+1.53% w/w), NESTLE (+9.98% w/w) and ZENITHBANK (+3.85% w/w) drove the market’s performance, outweighing losses in BUACEMENT (-2.22% w/w), GEREGU (-0.36% w/w) and ETI (-2.44% w/w) . Consequently, the year-to-date (YTD) return rose to 3.36%, while the market capitalization gained ₦427.95bn w/w to close at ₦28.84trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 16.47%. A total of 461.78m shares valued at ₦7.67bn were exchanged in 6,520 deals. UBA (+6.29%) led the volume chart with 59.41m units traded while MTNN (+0.56%) led the value chart in deals worth ₦1.55bn.

Market breadth closed positive at a 5.29-to-1 ratio with advancing issues outnumbering declining ones. NASCON (+10.00%) led thirty-six (36) others on the leader’s log while MBENEFIT (-5.56%) topped six (6) others on the laggard’s table.

Find below key highlights of market activities

Dividend Information for 2023