NGX All-Share Index extends weekly losses, down 0.04% w/w

In the last trading session of the week, the domestic bourse extended losses as the All-Share Index declined by 0.06% to close at 54,892.53 points. Bearish sentiments in market heavyweight, BUACEMENT (-1.61%) alongside ZENITHBANK (-0.60%), and GTCO (-0.99%) were the sole drivers of the market plunge. Having lost in three (3) of five (5) trading sessions this week, the ASI closed 0.04% lower w/w, extending losses for the second consecutive week.

Over the course of the week, BUACEMENT (-1.61% w/w), NB (-4.52% w/w) and STANBIC (-5.76% w/w)  were the major drivers of the week’s loss outweighing gains in ZENITHBANK (+1.42% w/w), GTCO (+1.22% w/w), and WAPCO (+3.39% w/w). As a result, the ASI year-to-date (YTD) return fell to 7.11%, while the market capitalisation shed ₦12.45bn w/w to close at ₦29.90trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 176.91%. A total of 137.56m shares valued at ₦3.87bn were exchanged in 2,912 deals. FIDELITY (+0.00%) led the volume chart with 21.48m units traded, while MTNN (+0.00%) led the value chart in deals worth ₦980.10m.

Market breadth closed positive at a 1.09-to-1 ratio with advancing issues log, while AIICO (-5.00%) led ten (10) others on the laggard’s table.outnumbering declining ones. GEREGU (+6.25%) topped eleven (11) others on the leader’s 

Find below key highlights of market activities

Dividend Information for 2023