Home Finance NGX All-Share Index ends the week strong, gains 2.95%

NGX All-Share Index ends the week strong, gains 2.95%

by Business News Report

Closing the week, the Lagos bourse ended the session on a positive note, bringing the All-Share index up by 0.40% to close at 54,213.09 points. Sustained interests in telco heavyweight, MTNN (+1.88%), alongside ZENITHBANK (+0.40%), GTCO (+0.60%) and WAPCO (+0.60%) kept the market in the green. Consequently, having gained in all five trading sessions this week, the ASI closed 2.95% higher w/w, its fourth consecutive weekly gain.

Over the course of the week, strong performance across index heavyweights, AIRTELAFRI (+3.11% w/w), MTNN (+5.73% w/w) and SEPLAT (+20.45% w/w) drove the market’s performance. As a result, the year-to-date (YTD) return rose to 5.78%, while the market capitalization gained ₦847.08bn w/w to close at ₦29.53trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 70.82%. A total of 268.02m shares valued at ₦2.35bn were exchanged in 4,017 deals. GTCO (+0.60%) led the volume and value charts with 20.80m units traded in deals worth ₦522.21m.

Market breadth closed positive at a 4.17-to-1 ratio, with advancing issues outnumbering declining ones. FTNCOCOA (+10.00) topped twenty-four (24) others on the leader’s log, while MAYBAKER (-2.89%) led five (5) others on the laggard’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index54,213.090.405.78
Market Cap. (₦ ‘trillion)29.530.405.78
Volume (millions)268.02-90.66
Value (₦ ‘billion)2.35-70.82

Dividend Information for 2022

CompanyDividend (Bonus)Closure DatePayment Date
GEREGU₦8.00  (final)TBATBA
MTNN₦10  (final)28-Mar-2320-Apr-23
SEPLAT$0.025 (interim)11-Nov-226-Dec-22
ACCESSCORP₦0.20 (interim)28-Sep-2212-Oct-22
GTCO₦0.30 (interim)21-Sep-2230-Sep-22
UBA₦0.20 (interim)22-Sep-2229-Sep-22
STANBIC₦1.50 (interim)7-Sep-2221-Sep-22
ZENITHBANK₦0.30 (interim)7-Sep-2213-Sep-22
SEPLAT$0.025 (interim)15-Aug-229-Sep-22
CUSTODIAN₦0.10 (interim)26-Aug-221-Sep-22
OKOMU OIL₦7.00 (interim)26-Aug-2229-Aug-22
MTNN₦5.60  (interim)19-Aug-2226-Aug-22
AIRTELAF$0.03 (final)23-Jun-2222-Jul-22
TOTAL₦18.20 (final)29-Apr-2217-Jun-22

Source: Coronation Security

Related Posts