Home Stock Market NGX All-Share Index ends the week strong, up 3.40% w/w

NGX All-Share Index ends the week strong, up 3.40% w/w

by Business News Report

Ending the week, the Lagos bourse maintained the bullish trend as the benchmark index closed 1.65% stronger to settle at 63,040.87 points. Sustained interests in MTNN (+0.36%), DANGCEM (+3.48%) and ZENITHBANK (+0.72%) were the primary drivers of the market performance. Having gained in four (4) out of five (5) trading sessions this week, the ASI recorded a 3.40% w/w gain, up for the seventh straight week.

During the week, strong performances across MTNN (+0.59% w/w), DANGCEM (+5.30% w/w), BUACEMENT (+6.60% w/w) and ZENITHBANK (+1.61% w/w) were sufficient to offset the losses in BUACEMENT (-1.36% w/w), NESTLE (-4.00% w/w) and NB (-2.89% w/w). As a result, the year-to-date (YTD) return rose to 23.00%, while the market capitalization gained ₦1.13trn w/w to close at ₦34.33trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 85.42%. A total of 1.23bn shares valued at ₦13.85bn were exchanged in 10,393 deals. FBNH (+6.84%) led the volume and value charts with 131.77m units traded in deals worth ₦2.63bn.

Market breadth closed positive at a 4.18-to-1 ratio with advancing issues outnumbering declining ones. PRESCO (+10.00%) led forty-five (45) others on the gainer’s log, while MULTIVERSE (-9.87%) topped ten (10) others on the laggard’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index63,040.871.6523.00
Market Cap. (₦ ‘trillion)34.331.6522.97
Volume (millions)1,227.69-77.45
Value (₦ ‘billion)13.85-85.42

Dividend Information for 2023

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