Home Finance NGX All-Share Index posts rebound, gains 70bps

NGX All-Share Index posts rebound, gains 70bps

by Business News Report

Recovering from the previous session’s loss, the domestic bourse posted gains as the benchmark index rose by 0.70%  to close at 82,597.04 points. Gains in MTNN (+0.35%), BUACEMENT (+0.54%), and ZENITHBANK (+1.99%)  contributed to outweigh losses in VITAFOAM (-0.21%), CORNERNST (-3.33%), and LINKASSURE (-3.33%), keeping the market in the green. Accordingly, the market is on track for a week of gain.  The year-to-date (YTD) return rose to 10.46%, while market capitalisation gained ₦313.39bn to close at ₦45.20trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 43.20%. A total of 877.28m shares valued at ₦14.41bn were exchanged in 14,919 deals. TRANSCORP (+4.12%) led the volume chart with 74.54m units traded while ZENITHBANK (+1.99%) led the value chart in deals worth ₦1.98bn.

Market breadth closed positive at a 2.05-to-1 ratio with advancing issues outnumbering declining ones. ROYALEX (+10.00%) topped forty-four (44) others on the leader’s table while ABBEYBDS (-9.90%) led twenty-one (21) others on the laggard’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index82,597.040.7010.46
Market Cap. (₦ ‘trillion)45.200.7010.46
Volume (millions)877.28-46.55
Value (₦ ‘billion)14.41-43.20

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
SEPLAT ENERGY$0.03 (Q3 interim)13-Nov-2324-Nov-23
ACCESSCORP₦0.30 (interim)6-Oct-2319-Oct-23
UBA₦0.50 (interim)27-Sep-236-Oct-23
ZENITHBANK₦0.50 (interim)25-Sep-2329-Sep-23
STANBICN1.50 (interim)13-Sep-2327-Sep-23
GTCO₦0.50 (interim)15-Sep-2325-Sep-23
FIDELITYBKN 0.25 (interim)15-Sep-2322-Sep-23
CUSTODIAN₦0.15 (interim)21-Aug-235-Sep-23
SEPLAT ENERGY3 US CENTS (interim)18-Aug-2330-Aug-23
MTNN₦5.60  (interim)17-Aug-2324-Aug-23

Source: Coronation

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