NGX All-Share Index rebounds, up 0.27%

The Lagos bourse rebounded after yesterday’s pullback as the benchmark Index gained 0.27% to close at 63,930.72 points. Gains in ZENITHBANK (+0.16%), GEREGU (+5.71%), and GTCO (+0.57%) pushed the broader index into positive territory. Accordingly, the market remains on for a week of gain. Consequently, the year-to-date (YTD) return rose to 24.74%, while market capitalisation gained ₦94.46bn to close at ₦34.81trn

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 79.21%. A total of 1.36bn shares valued at ₦18.07bn were exchanged in 7,179 deals. UBA  (+2.65%) led the volume and value charts with 961.50m units traded in deals worth ₦13.31bn.

Market breadth closed positive at a 1.75-to-1 ratio, with advancing issues outnumbering declining ones. UPL (+10.00%) led twenty-seven (27) others on the gainer’s log, while COURTVILLE (-9.86%) topped fifteen (15) others on the laggard’s table.

Find below key highlights of market activities

Dividend Information for 2023

Source: Coronation