NGX All-Share Index extends bullish run, gains 3.13%

Extending the bullish run for second consecutive session, Nigerian equities posted strong gains as the benchmark Index ended 3.13% stronger to settle at 59,985.10 points. Sustained demands in index heavyweight MTNN (+10.00%), alongside ZENITHBANK (+9.74%),  GTCO (+9.42%) and  SEPLAT (+10.00%) drove the broader index’s strong performance outweighing losses in DANGCEM (-0.98%), BUACEMENT (-6.52%), JBERGER (-4.46%) and ARDOVA (-5.06%). Consequently, the year-to-date (YTD) return rose to 17.04%, with market capitalisation gaining ₦991.81bn to close at ₦32.66trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 9.65%. A total of 1.30bn shares valued at ₦21.08bn were exchanged in 11,947 deals. UBA (+9.63%) led the volume chart with 230.76m units traded, while GTCO (+9.42%) led the value chart in deals worth ₦4.20bn.

Market breadth closed positive at a 6.00-to-1 ratio with advancing issues outnumbering declining ones. MTNN (+10.00%) topped fifty-three (53) others on the leader’s table, while BUACEMENT (-6.52%) led eight (8) others on the laggard’s log.

Find below key highlights of market activities

Dividend Information for 2023