Finance

NGX All-Share Index edges higher, up 204bps

Published

2 years ago

January 3, 2024

Nigerian stocks climbed 2.04% on Wednesday, extending gains for the second session in 2024 after banks, consumer goods and oil shares gained, LSEG data showed. The index all share index rose to 77,537.57 points, its highest ever. It gained 1.63% on Tuesday, the first trading session of this year, extending 2023 gains of 45.90%. On Wednesday, banking shares climbed 6.66% while consumer goods firms gained 2.42%. Oil firms rose 1.89%. Gains in Tier-1 banks namely, ZENITHBANK (+4.23%), GTCO (+3.49%) alongside STANBIC (+3.13%) offset losses in NGXGROUP (-1.70%), MANSARD (-0.91%) and CADBURY (-1.17%), keeping the market in the green.

Consequently, the benchmark index posted a 2.04% gain to settle at 77,537.57 points. As a result, the year-to-date (YTD) return rose to 3.70%, while market capitalisation gained ₦846.37bn to close at ₦42.43trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 91.83%. A total of 927.56m shares valued at ₦10.69bn were exchanged in 11,629 deals. FIDELITYBK (+9.65%) led the volume chart with 108.11m units traded while UBA (+10.00%) led the value chart with deals worth ₦1.54bn.
Market breadth closed positive at a 9.57-to-1 ratio with advancing issues outnumbering the declining ones. DANSUGAR (+10.00%) topped sixty-six (66) others on the leader’s table while LEARNAFRCA (-9.09%) led six (6) others on the laggard’s log.

Find below key highlights of market activities

Indicators	Current	Change (%)	YTD
All-Share Index	77,537.57	2.04	3.70
Market Cap. (₦ ‘trillion)	42.43	2.04	3.70
Volume (millions)	927.56	79.83
Value (₦ ‘billion)	10.69	91.83

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