Home Finance NGX All-Share Index ends the week strong, up 13.84% w/w

NGX All-Share Index ends the week strong, up 13.84% w/w

by Business News Report

Closing the week, the Lagos bourse ended the session on a positive note, bringing the All-Share index up by 2.87% to close at 94,538.12 points. sustained buying interests in industrial heavyweights DANGCEM (+9.98%), and BUACEMENT (+10.00%), alongside MTNN (+0.69%) offset selloffs in GTCO (-3.08%), FBNH (-1.30%) and NB (-4.76%) keeping the market in the positive terrain. Having gained in all trading sessions this week, the ASI closed 13.84% higher w/w.
Over the course of the week, strong performances in DANGCEM (+53.94% w/w), BUACEMENT (+48.80% w/w) , and GEREGU (+17.72% w/w) drove the market’s positive performance, outweighing losses in  GTCO (-4.75% w/w), FBNH (-5.00% w/w), and STANBIC (-4.41% w/w). Consequently, the year-to-date (YTD) return rose to 26.43%, while the market capitalisation gained ₦6.30trn w/w to close at ₦51.74trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 32.67%. A total of 759.14m shares valued at ₦12.99bn were exchanged in 14,988 deals. TRANSCORP (-2.86%) led the volume chart with 80.32m units traded while  ZENITHBANK (+1.58%)  led the value chart with deals worth ₦1.55bn.
Market breadth closed negative at a 1.06-to-1 ratio with declining issues outnumbering the advancing ones. LASACO(-9.85%) topped thirty-four (34) others on the laggard’s table while BUACEMENT (+10.00%) led thirty-two (32) others on the leader’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index94,538.122.8726.43
Market Cap. (₦ ‘trillion)51.742.8726.44
Volume (millions)759.14-33.43
Value (₦ ‘billion)12.99-32.67

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
SEPLAT ENERGY$0.03 (Q3 interim)13-Nov-2324-Nov-23
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

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