Home Stock Market NGX All-Share Index posts weekly gains, up 3.71% w/w

NGX All-Share Index posts weekly gains, up 3.71% w/w

by Business News Report

Closing the week, the Lagos bourse sustained the winning streak from last week, bringing the All-Share index up by 0.99% to close at 105,085.25 points. Buy interests in MTNN (+7.98%), GTCO (+9.99%), and ZENITHBANK (+3.12%) offset selloffs in TRANSCOHOT (-3.07%), UBA (-2.41%) and ACCESSCORP (-1.50%) keeping the market in the green. Having gained in trading sessions this week, the ASI closed 3.71% higher w/w.
Over the course of the week, strong performances in MTNN (+20.96% w/w), TRANSPOWER (+8.17% w/w) , and GTCO (+17.88% w/w) drove the market’s positive performance, outweighing losses in TRANSCOHOT (-3.07% w/w), TRANSCORP (-8.82% w/w), and OANDO (-4.17% w/w). Consequently, the year-to-date (YTD) return rose to 40.54%, while the market capitalization gained ₦2.12trn w/w to close at ₦59.42trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 32.43%. A total of 217.21m shares valued at ₦5.01bn were exchanged in 6,457 deals. FBNH (+5.71%) led both  the volume and value chart with 29.58m units traded in deals worth ₦1.06bn.
Market breadth closed positive at a 1.39-to-1 ratio with advancing issues outnumbering the declining ones. GTCO (+9.99%) topped twenty-four (24) others on the leader’s table while INTENEGINS (-9.63%) seventeen (17) others on the laggard’s log.

Find below key highlights of market activities
IndicatorsCurrentChange (%)YTD
All-Share Index105,085.250.9940.54
Market Cap. (₦ ‘trillion)59.420.9945.21
Volume (millions)217.21-4.02
Value (₦ ‘billion)5.0132.43
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
NGXGROUP₦0.2531-Jul-2331-Aug-23
BUACEMENT₦2.8014-Aug-2324-Aug-23
FBNH₦0.509-Aug-2316-Aug-23
AIRTELAFRI3.2722-Jun-2326-Jul-23
TOTAL₦21.0026-Apr-232-Jun-23
NESTLE₦36.5024-Apr-2318-May-23
WAPCO₦2.0011-Apr-2328-Apr-23
NB₦1.0317-Mar-2326-Apr-23
DANGCEM₦20.0031-Mar-2324-Apr-23
DANGSUGAR₦1.5027-Mar-2315-Apr-23
GEREGU₦8.0028-Feb-2329-Mar-23

Source: Coronation

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