NGX All-Share Index extends rally, up 0.89% w/w

Ending the week, the Lagos bourse maintained the bullish trend for the third consecutive session as the benchmark index closed 0.17% stronger to settle at 49,316.29 points, the highest point since 21 September. Buying interests in ZENITHBANK (+2.55%), GTCO (+1.95%) and GEREGU (+3.92%) 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 0.89% w/w gain, up for the fifth straight week.

During the week, strong performances across BUACEMENT (+6.60% w/w), ZENITHBANK (+9.05% w/w) and WAPCO (+2.98% w/w) were sufficient to offset the losses in MTNN (-0.47% w/w), GTCO (-0.48% w/w) and NB (-1.30%). As a result, the year-to-date (YTD) return rose to 15.45%, while the market capitalization gained ₦236.58bn w/w to close at ₦26.86trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 5.73%. A total of 103.71m shares valued at ₦2.01bn were exchanged in 3,280 deals. ZENITHBANK (+2.55%) led the volume and value charts with 14.13m units traded in deals worth ₦338.03m. Market breadth closed positive at a 1.36-to-1 ratio, with advancing issues outnumbering declining ones. UPDC (+10.00) topped fourteen (14) others on the leader’s log, while ACADEMY (-9.70%) led ten (10) others on the laggard’s table.

Find below key highlights of market activities

Dividend Information for 2022