NGX All-Share Index rebounds slightly, up 4bps

Activity on the Lagos bourse was mixed, albeit with a bullish tilt as the benchmark index closed 0.04% higher to settle at 43,477.48 points. Rebound in DANGCEM (+0.59%) as well as Tier-1 banking names ZENITHBANK (+0.25%), GTCO (+0.29%) and UBA (+1.43%) were the main drivers of the market’s overall performance. Consequently, the year-to-date (YTD) return rose to 1.78% while the market capitalisation rose by ₦9.47bn to close at ₦23.69tn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 27.62%. A total of 133.41m shares valued at ₦1.81bn were exchanged in 3,078 deals. FBNH (+0.00%) led the volume chart with 30.38m units traded while DANGCEM (+0.59%) led the value chart  in deals worth ₦318.11m.

Market breadth closed positive at a 1.10-to-1 ratio with advancing issues outnumbering declining ones. UNITYBNK (+9.09%) topped ten (10) others on the gainer’s table, while HONYFLOUR (-9.09%) led nine (9) others on the laggard’s log.

Find below key highlights of market activities.

Dividend Information for 2022