NGX All-Share Index extends weekly losses, down 5bps

In the last trading session of the day, Nigerian equities staged a rebound, recouping the prior session loss as the benchmark index closed 0.15% stronger to settle at 52,187.93 points. The market’s performance was bolstered by investor interests in ZENITHBANK (+4.00%), GTCO (+1.53%) and SEPLAT (+1.20%). Having gained in four (4) out of five (5) trading sessions this week, the ASI closed 0.05% lower w/w, extending losses for the second consecutive week.

Over the course of the week, AIRTELAFRI (-6.00% w/w), STANBIC (-0.27% w/w) and WAPCO (-0.81% w/w)  were the major drivers of the week’s loss outweighing gains in ZENITHBANK (+8.33% w/w), GEREGU (+4.92% w/w), and GTCO (+9.69% w/w). As a result, the ASI year-to-date (YTD) return fell to 1.83%, while the market capitalisation shed ₦14.53bn w/w to close at ₦28.42trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 59.21%. A total of 810.77m shares valued at ₦8.20bn were exchanged in 5,313 deals. FIDELITYBK (-0.90%) led the volume and value charts with 269.72m units traded in deals worth ₦1.48bn.

Market breadth closed positive at a 2.18-to-1 ratio with advancing issues outnumbering declining ones. FTNCOCOA (+10.00%) led twenty-three (23) others on the laggard’s log while ARDOVA (-9.84%) topped ten (10) others on the leader’s table.

Find below key highlights of market activities

Dividend Information for 2023

Source: Coronation