NGX All-Share Index sustains bullish run, up 5bps

Extending gains for the fourth consecutive session, the Lagos bourse closed higher as the benchmark index gained 0.05% to settle at 52,605.78 points. Gains in Tier-1 banking names ZENITHBANK (+0.41%) and GTCO (+0.41%) were the main drivers of the market’s overall performance, outweighing losses in ACCESSCORP (-1.30%), DANGSUGAR (-0.52%) and UBN (-1.41%). As a result, the year-to-date (YTD) return rose to 2.64% while the market capitalization rose by ₦14.70bn to close at ₦28.64tn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 0.09%. A total of 640.97m shares valued at ₦7.13bn were exchanged in 5,684 deals. ACCESSCORP (-1.30%) led volume and value charts with 129.73m units traded in deals worth ₦1.48bn.

Market breadth closed positive at a 1.53-to-1 ratio with advancing issues outnumbering declining ones. CONOIL (+10.00%) topped twenty-two (22) others on the leader’s log while UNITYBNK (-9.26%) topped fourteen (14) others on the laggard’s table.

Find below key highlights of market activities

Dividend Information for 2023