NGX All-Share Index sustains bullish run, up 0.16%

Extending gains for the second consecutive session, the Lagos bourse closed higher as the benchmark index gained 0.16% to settle at 59,110.02 points. Gains in industrial giant, DANGCEM (+0.14%) alongside banking names GTCO (+0.78%) and ACCESSCORP  (+0.34%), were the main drivers of the market’s overall performance, outweighing losses in NB (-0.68%), ETI (+1.28%) and INTBREW (-1.89%). Consequently, the year-to-date (YTD) return rose to 15.33% while the market capitalisation gained  ₦51.82bn to close at ₦32.19tn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 19.61%. A total of 588.85m shares valued at ₦8.96bn were exchanged in 8,272 deals. UBA (+0.00%) led the volume chart with 78.51m units traded, while GTCO (+0.78%) led the value chart in deals worth ₦2.11bn.

Market breadth closed positive at a 2.92-to-1 ratio with advancing issues outnumbering declining ones. CHAMS (+10.00%) topped thirty-four (34) others on the leader’s log, while CORNERST (-9.82%) led eleven (11) others on the laggard’s table.

Find below key highlights of market activities

Dividend Information for 2023