Home Finance NGX All-Share Index ends the week strong, up 1.26% w/w

NGX All-Share Index ends the week strong, up 1.26% w/w

by Business News Report

Despite the topsy-turvy performance, Nigerian equities ended the week on a positive note, as the All-Share index closed 1.04% stronger to settle at 48,154.65 points, the highest point since 5 October. Gains in telco heavyweights, AIRTELAFRI (+2.62%) and MTNN (+2.33%) pushed the broader index into the positive terrain. Having gained in two (2) of five (5) trading sessions this week, the ASI closed 1.26% higher w/w, its third consecutive weekly growth. 
During the week, strong performances across AIRTELAFRI (+2.62% w/w), MTNN (+4.76% w/w) and ZENITHBANK (+3.88% w/w) were sufficient to offset the selloffs in BUACEMENT (-2.53% w/w) and STANBIC (-0.33% w/w). As a result, the year-to-date (YTD) return rose to 12.73%, while the market capitalisation gained ₦326.98bn w/w to close at ₦26.23trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 77.45%%. A total of 159.83m shares valued at ₦5.05bn were exchanged in 3,080 deals. FBNH (+0.00%) led the volume chart with 47.95m units traded while MTNN (+2.33%) led the value chart in deals worth ₦3.19bn.

Market breadth closed positive at a 1.36-to-1 ratio with advancing issues outnumbering declining ones. WEMABANK (+9.94%) led eighteen (18) others on the leader’s table while ACADEMY (-9.35%) topped thirteen (13) others on the laggard’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index48,154.651.0412.73
Market Cap. (₦ ‘trillion)26.231.0517.63
Volume (millions)159.83-7.56
Value (₦ ‘billion)5.0577.45

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


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