Home Stock Market NGX All-Share Index sustains weekly gains, up 3.79% w/w

NGX All-Share Index sustains weekly gains, up 3.79% w/w

by Business News Report

Closing the week, the local bourse ended the session on a positive note, bringing the All-Share index up by 1.56% to close at 105,722.78 points. Buy interests in BUAFOODS (+10.00%), ZENITHBANK (+0.14%), and GEREGU (+9.90%) offset selloffs in GTCO (-0.13%), ACCESSCORP (-2.17%) and FLOURMILL (-10.00%) keeping the market in the positive terrain. Having gained in 4 of 5 trading sessions this week, the ASI closed 3.79% higher w/w.
Over the course of the week, strong performances in AIRTELAFRI (+10.00% w/w), BUAFOODS (+20.82% w/w) , and GEREGU (+33.30% w/w) drove the market’s positive performance, outweighing losses in BUACEMENT (-4.62% w/w), ACCESSCORP (-9.09% w/w), and DANGSUGAR (-3.33% w/w). Consequently, the year-to-date (YTD) return rose to 41.39%, while the market capitalisation gained ₦2.11trn w/w to close at ₦57.85trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 16.43%. A total of 342.52m shares valued at ₦8.05bn were exchanged in 8,395 deals. FBNH (+7.69%) led both the volume and value chart with 49.92m units traded in deals worth ₦1.40bn.
Market breadth closed negative at a 1.22-to-1 ratio with declining issues outnumbering the advancing ones. FLOURMILL (-10.00%) topped twenty-seven (27) others on the laggard’s table while BUAFOODS (+10.00%) led twenty-two (22) others on the leader’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index105,722.781.5641.39
Market Cap. (₦ ‘trillion)57.851.5641.38
Volume (millions)342.5220.40
Value (₦ ‘billion)8.0516.43

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
SEPLAT ENERGY$0.03 (Q3 interim)13-Nov-2324-Nov-23
ACCESSCORP₦0.30 (interim)6-Oct-2319-Oct-23
UBA₦0.50 (interim)27-Sep-236-Oct-23
ZENITHBANK₦0.50 (interim)25-Sep-2329-Sep-23
STANBICN1.50 (interim)13-Sep-2327-Sep-23
GTCO₦0.50 (interim)15-Sep-2325-Sep-23
FIDELITYBKN 0.25 (interim)15-Sep-2322-Sep-23
CUSTODIAN₦0.15 (interim)21-Aug-235-Sep-23
SEPLAT ENERGY3 US CENTS (interim)18-Aug-2330-Aug-23
MTNN₦5.60  (interim)17-Aug-2324-Aug-23

Source: Coronation

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