NGX All-Share Index extends gains, up 0.23%

For the third consecutive session, the Lagos bourse maintained the bull run bringing the benchmark index up by 0.23% to close at 48,366.69 points.. Sustained buying interest in industrial heavyweight, BUACEMENT (+2.50%) drove the market’s positive performance alongside WAPCO (+0.92%), UBA (+0.69%) and ETI (+4.98%) offsetting losses in banking names, ZENITHBANK (-0.68%), GTCO (-1.64%) and FBNH (-1.37%). As a result, the year-to-date (YTD) return rose to 13.23%, with the market capitalisation increasing by ₦61.60bn to close at ₦26.34trn.
 
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 13.37%. A total of 182.80m shares valued at ₦3.55bn were exchanged in 3,114 deals. FBNH (-1.37%) led the volume chart with 66.11m units traded while GEREGU (-2.44%) led the value chart in deals worth ₦1.75bn.
 
Market breadth closed positive at a 1.25-to-1 ratio with advancing issues outnumbering declining ones. HONYFLOUR (+8.06%) topped fourteen (14) others on the leader’s log, while UPDC (-7.07%) led eleven (11) others on the laggard’s  table.

Find below key highlights of market activities

Dividend Information for 2022

Source: Coronation