Home Stock Market NGX All-Share Index rebounds, up 0.78%

NGX All-Share Index rebounds, up 0.78%

by Business News Report

The Lagos bourse rebounded after the previous sessions pullback as the benchmark Index gained 0.78% to close at 54,224.35 points. Renewed interest in telco heavyweight, AIRTELAFRI (+3.85%)  pushed the broader index into positive territory. Consequently, the year-to-date (YTD) return rose to 5.80%, while market capitalization gained ₦228.74bn to close at ₦29.54trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 46.21%. A total of 154.63m shares valued at ₦5.51bn were exchanged in 3,095 deals. GTCO (-0.20%) led the volume chart with 36.68m units traded while AIRTELAFRI (+3.85%) led the value chart  in deals worth ₦2.94bn.

Market breadth closed negative at a 1.44-to-1 ratio with declining issues outnumbering advancing ones. VITAFOAM (-7.18%) topped twelve (12) others on the laggard’s log while CONOIL (+9.93%) led eight (8) others on the leader’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index54,224.350.785.80
Market Cap. (₦ ‘trillion)29.540.785.82
Volume (millions)154.63-10.57
Value (₦ ‘billion)5.5146.21

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
GEREGU₦8.00  (final)TBATBA
MTNN₦10  (final)28-Mar-2320-Apr-23
SEPLAT$0.025 (interim)11-Nov-226-Dec-22
ACCESSCORP₦0.20 (interim)28-Sep-2212-Oct-22

Source: Coronation Research

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