Home Finance NGX All-Share Index posts weekly gains, up 2.61% w/w

NGX All-Share Index posts weekly gains, up 2.61% w/w

by Business News Report

Closing the week, the local bourse ended the session on a positive note, bringing the All-Share index up by 0.99% to close at 101,330.85 points. Buy interests in MTNN (+9.99%), ZENITHBANK (+0.15%), and DANGSUGAR (+9.98%) offset selloffs in FBNH (-1.07%), TRANSCORP (-0.58%) and FIDELITYBK (-3.38%) keeping the market in the positive terrain. Having gained in trading sessions this week, the ASI closed 2.61% higher w/w.
Over the course of the week, strong performances in BUACEMENT (+4.44% w/w), MTNN (+10.31% w/w) , and GEREGU (+2.35% w/w) drove the market’s positive performance, outweighing losses in ETI (-17.01% w/w), NB (-10.77% w/w), and INTBREW (-10.21% w/w). Consequently, the year-to-date (YTD) return rose to 35.52%, while the market capitalization gained ₦3.26trn w/w to close at ₦57.29trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 12.11%. A total of 358.12m shares valued at ₦19.88bn were exchanged in 10,786 deals. TRANSCORP (-0.58%) led  the volume chart with 92.87m units traded, while TRANSPOWER (+0.00%) led the value chart with deals worth ₦11.65bn.
Market breadth closed positive at a 1.33-to-1 ratio with advancing issues outnumbering the declining ones. MTNN (+9.99%) topped twenty-seven (27) others on the leader’s table while FTNCOCOA (-9.80%) led twenty (20) others on the laggard’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index101,330.850.9935.52
Market Cap. (₦ ‘trillion)57.290.9940.02
Volume (millions)358.12-35.44
Value (₦ ‘billion)19.8812.11

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

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