NGX All-Share Index recovers, gains 1.33%

Recovering from yesterday’s decline, the Lagos bourse posted gains as the benchmark index rose by 1.33%  to close at 61,523.57 points. Renewed demand for index heavyweights, MTNN (+0.37%), BUACEMENT (+9.44%) alongside ZENITHBANK (+0.59%) were the major drivers of the broader index positive performance. As a result, the year-to-date (YTD) return rose to 20.04%, while market capitalisation gained ₦440.38bn to close at ₦33.50trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 15.59%. A total of 846.32m shares valued at ₦10.31bn were exchanged in 9,815 deals. FBNH (+3.35%) led the volume and value charts with 89.24m units traded in deals worth ₦1.65bn.

Market breadth closed positive at a 1.22-to-1 ratio, with advancing issues outnumbering declining ones. JAPAULGOLD (+9.52%) led twenty-seven (27) others on the gainer’s log, while NEM (-10.00%) topped twenty-two (22) others on the laggard’s table.

Find below key highlights of market activities

Dividend Information for 2023