NGX All-Share Index ends the week strong, up 1.73% w/w

This week, the local bourse snapped out of the three consecutive weekly losses  with a perfect trading week, as it closed 1.73% higher. The rally was buoyed by positive sentiment in SEPLAT (+13.67% w/w) alongside Teir-1 banking names such as GTCO (+7.24% w/w) and ZENITHBANK (+10.00% w/w) amongst others. Consequently, the year-to-date (YTD) return rose to 32.80%, while the market capitalisation gained ₦954.93bn w/w to close at ₦56.17trn.
Today, the domestic bourse ended the session on a positive note, raising the All-Share index up by 2bps to close at 99,300.38 points. Sustained investors interest in GTCO (+0.50%), NESTLE (+0.56% ) and FIDELITYBK (+3.03%) bolstered the market’s positive performance, outweighing negative sentiment in MTNN (-0.22% ), UBA (-1.77% ) and ETI (-1.62%). Predictably, the market capitalisation gained ₦13.78tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 57.74%. A total of 434.00m shares valued at ₦8.58bn were exchanged in 8,525 deals. ZENITHBANK (+0.00%) led the volume and value chart with 111.13m units traded in deals worth ₦3.74bn.
Market breadth closed positive at a 1.40-to-1 ratio with advancing issues outnumbering declining ones. UPDC (+9.84%) topped twenty (20) others on the gainer’s log, while CILEASING (-10.00%) led fourteen (14) others on the laggard’s table.
On the sectoral breakdown, driven by the SEPLAT rally,  the NGX Oil and Gas Index (+9.08%w/w) led the leaders log, followed by NGX Banking Index (+8.72%w/w), the NGX Pension Index (+5.27%w/w), the NGX Insurance Index (+3.88%w/w), the NGX Consumer Goods Index (+2.04%w/w) and the NGX 30 Index (+1.83% w/w) while the NGX Industrial Goods Index (-0.13%w/w) closed negative.

Find below key highlights of market activities

Dividend Information for 2024