Home Stock Market NGX All-Share Index ends the week strong, up 1.12% w/w

NGX All-Share Index ends the week strong, up 1.12% w/w

by Business News Report

Nigerian equities ended the week on a positive note, as the All-Share index closed 0.10% higher to settle at 67,200.69 points. Gains in ACCESSCORP (+0.63%), UBA (+0.29%) and DANGSUGAR (+4.66%) pushed the broader index into the positive terrain. Having gained in four (4) of five (5) trading sessions this week, the ASI closed 1.12% higher w/w, its second consecutive weekly growth.
During the week, positive performances across BUACEMENT (+12.55% w/w), NB (+9.09% w/w) and UBA (+2.03% w/w) outweighed the declines in GTCO (-3.74% w/w), ACCESSCORP (-1.25% w/w) and FBNH (-0.62% w/w). Accordingly, the year-to-date (YTD) return rose to 31.12%, while the market capitalisation gained ₦409.91bn w/w to close at ₦36.92trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 8.37%. A total of 224.07m shares valued at ₦4.16bn were exchanged in 5,049 deals. UBA (+0.29%) led the volume chart with 48.23m units traded while GTCO (+0.00%) led the value chart in deals worth ₦1.14bn.
Market breadth closed positive at a 1.10-to-1 ratio with advancing issues outnumbering declining ones. UPL (+9.77%) led ten (10) others on the leader’s log while FTNCOCOA (-4.65%) topped nine (9) others on the laggard’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index67,200.690.1031.12
Market Cap. (₦ ‘trillion)36.920.1032.26
Volume (millions)224.07-27.56
Value (₦ ‘billion)4.16-8.37

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

Source: Coronation

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