NGX All-Share Index closes the week positive, up 0.35% w/w

In the last trading session, Nigerian equities ended mixed with a bearish tilt as the All-Share index shed 0.01% to close at 59,206.63 points. Selloffs in GTCO (-0.16%), STANBIC (-4.07%)  and WAPCO (-0.52%)  offset demand for ZENITHBANK (+0.63%), ACCESSCORP (+0.34%) and FBNH (+3.59%), bringing the market down slightly. Having gained in three (3) of five (5) trading sessions this week, the ASI closed 0.35% higher w/w, extending gains for the fifth consecutive week.

Bullish sentiments in DANGCEM (+1.23% w/w), BUACEMENT (+4.65% w/w) and ZENITHBANK (+3.23% w/w) in the course of the week were significant enough to push the market’s performance into the green despite the rout in AIRTELAFRI (-1.72% w/w), MTNN (-3.10% w/w) and GEREGU (-3.85% w/w). Subsequently, the ASI’s year-to-date (YTD) return slipped to 15.52%, while the market capitalization gained ₦110.42bn w/w to close at ₦32.24trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 38.23%. A total of 627.87m shares valued at ₦9.15bn were exchanged in 6,953 deals. UBA (+1.33%) led the volume chart with 62.69m units traded while GTCO (-0.16%) led the value chart in deals worth ₦1.55bn.

Market breadth closed positive at a 1.37-to-1 ratio with advancing issues outnumber ing declining ones. TRANSCOHOT (+10.00%) topped twenty-five (25) others on the leader’s log, while UNITYBNK (-9.84%) led eighteen (18) others on the laggard’s table.

Find below key highlights of market activities

Dividend Information for 2023

Source: Coronation