NGX All-Share Index ends the week up 5.49% w/w

Ending the week, the Lagos bourse maintained the bearish trend as the All-Share Index declined by 0.33% to close at 59,000.96 points. On market movers, selloffs in ZENITHBANK (-3.28%), GTCO (-3.92%), and STANBIC (-3.70%) offset the gains in NB (+3.29), ETI (+0.98%) and FIDELITYBK (+0.43%) keeping the market’s overall performance in the red.  Having gained in two (2) out of four (4) trading sessions this week, the ASI closed 5.49% higher w/w.

Over the course of the week, AIRTELAFRI (+7.78% w/w), MTNN (+9.60% w/w), and DANGCEM (+0.35% w/w) were the major drivers of the broader index positive performance, outweighing losses in BUACEMENT (-6.52% w/w), ARDOVA (-5.06% w/w) and HONYFLOUR (-7.14% w/w). Consequently, the year-to-date (YTD) return slipped to 15.12%, while the market capitalisation gained ₦1.67bn w/w to close at ₦32.13trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 57.61%. A total of 622.42bn units of shares valued at ₦6.51bn were exchanged in 9,417 deals. UBA (+0.00%), led the volume chart with 46.27m units traded, while ZENITHBANK (-3.28%) led the value chart in deals worth ₦1.21bn.

Market breadth closed negative at a 1.05-to-1 ratio with declining issues outnumbering advancing ones. NEM (-9.87%) topped twenty (20) others on the laggard’s log, while WAPIC (+10.00%) led nineteen (19) others on the leader’s table.

Find below key highlights of market activities

Dividend Information for 2023