NGX All-Share Index ends the week strong, up 1.46% w/w

Closing the holiday shortened week, the domestic bourse ended the session positive -the first weekly gain since March- as the All-Share index gained 1.46% to close at 99,587.25 points. During the week, gains in MTNN (+6.44% w/w), ZENITHBANK (+6.13% w/w) and GTCO (+7.32% w/w) offset losses in SEPLAT (-2.33% w/w), DANGSUGAR (-2.08% w/w) and NB (-4.48% w/w). As a result, the year-to-date (YTD) return rose to 33.18%, while the market capitalisation gained ₦811.48bn w/w to close at ₦56.32tn.
In today’s trading session, renewed interest in telco heavyweight, MTNN (+2.38%) alongside blue-chip ZENITHBANK (+5.65%) and GTCO (+8.86%) outweighed selloff in TRANSCORP (-3.42%), ACCESSCORP (-0.57%) and ETI (-7.50%) leading to the market’s strong performance.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 28.14%. A total of 446.57m shares valued at ₦7.10bn were exchanged in 9,297 deals. ACCESSCORP (-0.57%) led the volume and value chart with 151.80m units traded in deals worth ₦2.68bn.
Market breadth closed positive at a 1.53-to-1 ratio with advancing issues outnumbering the declining ones. DANGSUGAR (+9.94%) topped twenty-eight (28) others on the leader’s table while CONOIL (-10.00%) led nineteen (19) others on the laggard’s log.

Find below key highlights of market activities

Dividend Information for 2024

Source: Coronation Registrar