Home Stock Market NGX All-Share Index opens the week strong, gains 2.48%

NGX All-Share Index opens the week strong, gains 2.48%

by Business News Report

Nigerian equities opened the week strong today as the benchmark index gained 2.48% to close at 64,603.69 points, the highest point since 17 March 2008. The market’s performance was primarily driven by continued demand in MTNN (+1.82%), DANGCEM (+10.00%) and STANBIC (+6.83%) offsetting losses in GTCO (-1.91%), WAPCO (-0.17%) and NB (-2.52%). Consequently, the year-to-date (YTD) return rose to 26.05%, while the market capitalization gained ₦850.97bn to close at ₦35.18trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 59.11%. A total of 1.84bn shares valued at ₦22.03bn were exchanged in 14,584 deals. FBNH (+9.85%) led the volume and value charts with 198.22m units traded in deals worth ₦4.42bn.

Market breadth closed positive at a 2.73to-1 ratio with advancing issues outnumbering declining ones. DANGCEM (+10.00%) led forty (40) others on the gainer’s log, while BERGER (-9.09%) topped fourteen (14) others on the laggard’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index64,603.692.4826.05
Market Cap. (₦ ‘trillion)35.182.4826.02
Volume (millions)1,839.0549.80
Value (₦ ‘billion)22.0359.11
Dividend Information for 2023
CompanyDividend (Bonus)Closure DatePayment Date
BUACEMENT₦2.8014-Aug-2324-Aug-23
FBNH₦0.5009-Aug-2316-Aug-23
TOTAL₦21.0026-Apr-2302-Jun-23
STANBIC₦2.0012-Apr-2326-May-23
ACCESSCORP₦1.3009-May-2324-May-23
NESTLE₦36.5024-Apr-2318-May-23
GTCO₦2.8002-May-2311-May-23
SEPLAT$0.0819-Apr-2316-May-23
ZENITHBANK₦2.9017-Apr-2302-May-23
WAPCO₦2.0011-Apr-2328-Apr-23
UBA₦0.9017-Apr-2327-Apr-23
NB₦1.0317-Mar-2326-Apr-23
DANGCEM₦20.0031-Mar-2324-Apr-23
MTNN₦10.0028-Mar-2320-Apr-23
DANGSUGAR₦1.5027-Mar-2315-Apr-23
GEREGU₦8.0028-Feb-2329-Mar-23

Source : Coronation

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