Home Finance NGX All-Share Index extends gains, up 83bps

NGX All-Share Index extends gains, up 83bps

by Business News Report

Opening the week, Nigerian stocks extended gains for the fifth session on Monday, led by banks to push the main index past a psychological threshold of 80,000 points for the first. The equities market extended gains from last week as the benchmark index closed 0.83% stronger to settle at 80,324.53 points. Buy interests in Tier-1 banks namely, ZENITHBANK (+2.50%), GTCO (+3.53%), and UBA (+3.28%)  kept the market in the green, offsetting selloffs in STANBIC (-0.38%), NB (-0.13%) and FIDELITYBK (-5.99%). As a result, the year-to-date (YTD) return rose to 7.42%, while market capitalisation gained ₦368.31bn to close at ₦43.96trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 6.48%. A total of 1.19bn shares valued at ₦15.26bn were exchanged in 16,081 deals. TRANSCORP (+9.79%) led both the volume and value chart with 298.30m units traded in deals worth ₦4.08bn.

Market breadth closed positive at a 4.08-to-1 ratio with advancing issues outnumbering the declining ones.  JBERGER(+10.00%) topped fifty-two (52) others on the leader’s table while DARRCOMM (-9.30%) led twelve  (12) others on the laggard’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index80,324.530.837.42
Market Cap. (₦ ‘trillion)43.960.837.43
Volume (millions)1,190.1633.33
Value (₦ ‘billion)15.266.48

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

Source: Coronation

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