Finance

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

Published

2 years ago

February 16, 2024

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

Indicators	Current	Change (%)	YTD
All-Share Index	105,722.78	1.56	41.39
Market Cap. (₦ ‘trillion)	57.85	1.56	41.38
Volume (millions)	342.52	20.40
Value (₦ ‘billion)	8.05	16.43

Dividend Information for 2023

Company	Dividend (Bonus)	Closure Date	Payment Date
SEPLAT ENERGY	$0.03 (Q3 interim)	13-Nov-23	24-Nov-23
ACCESSCORP	₦0.30 (interim)	6-Oct-23	19-Oct-23
UBA	₦0.50 (interim)	27-Sep-23	6-Oct-23
ZENITHBANK	₦0.50 (interim)	25-Sep-23	29-Sep-23
STANBIC	N1.50 (interim)	13-Sep-23	27-Sep-23
GTCO	₦0.50 (interim)	15-Sep-23	25-Sep-23
FIDELITYBK	N 0.25 (interim)	15-Sep-23	22-Sep-23
CUSTODIAN	₦0.15 (interim)	21-Aug-23	5-Sep-23
SEPLAT ENERGY	3 US CENTS (interim)	18-Aug-23	30-Aug-23
MTNN	₦5.60 (interim)	17-Aug-23	24-Aug-23
NGXGROUP	₦0.25	31-Jul-23	31-Aug-23
BUACEMENT	₦2.80	14-Aug-23	24-Aug-23
FBNH	₦0.50	9-Aug-23	16-Aug-23
AIRTELAFRI	3.27	22-Jun-23	26-Jul-23
TOTAL	₦21.00	26-Apr-23	2-Jun-23
NESTLE	₦36.50	24-Apr-23	18-May-23
WAPCO	₦2.00	11-Apr-23	28-Apr-23
NB	₦1.03	17-Mar-23	26-Apr-23
DANGCEM	₦20.00	31-Mar-23	24-Apr-23
DANGSUGAR	₦1.50	27-Mar-23	15-Apr-23
GEREGU	₦8.00	28-Feb-23	29-Mar-23