NGX All-Share Index loses all week long, down 1.58% w/w

In the last trading session of the week, the Nigerian equities traded with mixed sentiments as the All-Share Index closed flat at 54,915.39 points. Investors interests in ZENITHBANK (+0.61%), WAPCO (+0.40%), and UBA (+0.63%) were offset by selloffs in GTCO (-0.40%), STANBIC (-0.13%) and ACCESSCORP (-2.33%). Having lost in all trading sessions this week, the ASI closed 1.58% lower w/w, eroding gains of the past week. 

Over the course of the week, MTNN (-4.95% w/w), ZENITHBANK (-4.65% w/w), GTCO (-7.17% w/w) and WAPCO (-4.92% w/w) were the major drags on the broader index offsetting gains in BUAFOODS (+4.21% w/w), UNILEVER (+3.70% w/w), STERLNBANK (0.67% w./w) and PZ CUSSONS(+0.47% w/w). As a result, the year-to-date (YTD) return fell to 7.15%, while the market capitalization shed ₦478.91bn w/w to close at ₦29.92trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 3.65%. A total of 156.97m shares valued at ₦1.56bn were exchanged in 2,952 deals. UBA (+0.63%) led the volume chart with 17.91m units traded, while ZENITHBANK (+0.61%) led the value chart in deals worth ₦232.64m.

Market breadth closed positive at a 1.57-to-1 ratio with advancing issues outnumbering declining ones. UCAP (+9.91%) topped ten (10) others on the leader’s log, while CHAMS (-4.00%) led six (6) others on the laggard’s table.

Find below key highlights of market activities

Dividend Information for 2023