Home Stock Market NGX All-Share Index sustains weekly gains, up 0.20% w/w

NGX All-Share Index sustains weekly gains, up 0.20% w/w

by Business News Report

In the last trading session of the week, the local bourse ended the week on a positive note as the All-Share Index closed 0.18% stronger to settle at 65,325.37 points. Gains in telco heavyweight, MTNN (+1.05%) alongside, DANGSUGAR (+1.85%) and ETI (+1.94%) pushed the broader index into positive terrain offsetting losses in GTCO (-0.26%), STANBIC (-0.16%) and ACCESSCORP (-0.86%).  Having gained in three (3) of five (5) trading sessions this week, the ASI closed 0.20% higher w/w.

Over the course of the week, positive performances across MTNN (+1.05% w/w), BUAFOODS (+0.75% w/w) and ZENITHBANK (+2.64% w/w) were sufficient to offset the selloff in DANGCEM (-0.60% w/w), GEREGU (-1.59% w/w) and STANBIC (-1.69% w/w). Consequently, the year-to-date (YTD) return rose to 27.46%, while the market capitalization gained ₦92.68bn w/w to close at ₦35.57trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 45.60%. A total of 489.69m shares valued at ₦8.36bn were exchanged in 5,804 deals. STERLINGNG (+3.20%) led the volume chart with 86.11 m units traded while SEPLAT (+0.00%) led the value chart in deals worth ₦3.54bn.

Market breadth closed positive at 1.11-to-1 ratio with advancing issues outnumbering declining ones. GLAXOSMITH (+9.78%) topped nineteen (19) others on the leader’s table while MBENEFIT (-7.84%) led seventeen (17) others on the laggard’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index65,325.370.1827.46
Market Cap. (₦ ‘trillion)35.570.2527.43
Volume (millions)489.6935.57
Value (₦ ‘billion)8.3645.60

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
MTNN₦5.60  (interim)17-Aug-2324-Aug-23
NGXGROUP₦0.2531-Jul-2331-Aug-23
BUACEMENT₦2.8014-Aug-2324-Aug-23
FBNH₦0.509-Aug-2316-Aug-23
AIRTELAFRI3.2722-Jun-2326-Jul-23
TOTAL₦21.0026-Apr-232-Jun-23
STANBIC₦2.0012-Apr-2326-May-23
ACCESSCORP₦1.309-May-2324-May-23
NESTLE₦36.5024-Apr-2318-May-23
GTCO₦2.802-May-2311-May-23
SEPLAT$0.0819-Apr-2316-May-23
ZENITHBANK₦2.9017-Apr-232-May-23
WAPCO₦2.0011-Apr-2328-Apr-23
UBA₦0.9017-Apr-2327-Apr-23
NB₦1.0317-Mar-2326-Apr-23
DANGCEM₦20.0031-Mar-2324-Apr-23
MTNN₦10.0028-Mar-2320-Apr-23
DANGSUGAR₦1.5027-Mar-2315-Apr-23
GEREGU₦8.0028-Feb-2329-Mar-23

Coronation

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