Home Finance NGX All-Share Index ends the week strong, up 1.19% w/w

NGX All-Share Index ends the week strong, up 1.19% w/w

by Business News Report

In the last trading session of the week, the domestic bourse ended the week on a positive note as the All-Share Index closed 1.09% stronger to settle at 44,492.73 points. Gains in telco heavyweight, MTNN (+4.79%) as well as recovery in Tier-1 banks, ZENITHBANK (+0.23%) and GTCO (+2.37%) pushed the broader index into positive terrain.  Having gained in three (3) of five (5) trading sessions this week, the ASI closed 1.19% higher w/w.

Over the course of the week, strong performances across MTNN (+2.60% w/w), ZENITHBANK (+7.02% w/w) and GTCO (+10.83% w/w) were sufficient to offset the selloff in WAPCO (-5.62% w/w), UBA (-0.69% w/w) and DANGSUGAR (-2.76% w/w). Consequently, the year-to-date (YTD) return rose to 4.16%, while the market capitalisation gained ₦283.29bn w/w to close at ₦24.23trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 45.76%. A total of 146.68m shares valued at ₦1.24bn were exchanged in 3,028 deals. TRANSCORP (+0.91%) led the volume chart with 24.36m units traded while FBNH (+3.77%) led the value chart in deals worth ₦237.35m.

Market breadth closed positive at a 1.55-to-1 ratio with advancing issues outnumbering declining ones. NB (+10.00%) topped sixteen (16) others on the gainer’s table, while FIDSON (-9.34%) led ten (10) others on the laggard’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index44,492.731.094.16
Market Cap. (₦ ‘trillion)
Volume (millions)146.6850.13
Value (₦ ‘billion)1.2445.76

Dividend Information for 2022

CompanyDividend (Bonus)Closure DatePayment Date
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
NB₦1.20 (final)16-Mar-2222-Apr-22
WAPCO₦1.00 (final)8-Apr-2221-Apr-22

Source: Coronation Research

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