NGX All-Share Index extends weekly gains, up 2.26% w/w

Wrapping up the week’s  trading session, the Nigerian equities ended its four-day winning streak as the benchmark index relapsed by 0.36% to close at 74,023.27 points. Selloff in telco heavyweight MTNN (-3.77%), tier-1 bank namely ZENITHBANK (-1.94%), and UBA (-1.54%) drove the market’s weak performance, outweighing gains in GTCO (+0.12%), STANBIC (+0.46%), and DANGSUGAR (+1.68%). Having gained in four of the five trading sessions this week, the ASI closed 2.26% higher w/w, its ninth consecutive weekly gain.
Over the course of the week, strong performances in AIRTELAFRI (+4.87% w/w), MTNN (+2.04% w/w) and ZENITHBANK (+2.16% w/w drove the market’s positive performance, outweighing losses in  STANBIC (-1.67% w/w), NESTLE (-1.74% w/w) and NB (-5.01%w/w). Consequently, the year-to-date (YTD) return rose to 44.43%, while the market capitalisation gained ₦894.17bn w/w to close at ₦40.51trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 27.32%. A total of 423.30m shares valued at ₦16.58bn were exchanged in 6,333 deals. UNIVINSURE(+0.00%) led the volume chart  with 41.94m units traded while  GEREGU (+0.00%)  led the value chart with deals worth ₦6.62bn.
Market breadth closed positive at a 1.78-to-1 ratio with advancing issues outnumbering the declining ones. TRANSCOHOT (+10.00%) topped thirty-one(31) others on the leader’s table while INTBREW (-8.33%) led seventeen (17) others on the laggard’s log.

Find below key highlights of market activities

Dividend Information for 2023