Finance

NGX All-Share Index extends gains, up 1.51%

Published

3 years ago

March 30, 2023

Nigerian equities delivered a positive performance and extended gains from the previous session as the All-Share Index rose 1.51%, the most since 30 December 2022, to close at 54,413.21 points. . Investors interest in telco heavyweight, MTNN (+8.89%) as well as ZENITHBANK (+0.78%) and GTCO (+1.39%) were the primary drivers of the overall market’s strong performance. Despite the gain, the market remains on track for a weekly loss. As a result, the ASI’s year-to-date (YTD) return rose to 6.17%, while the market capitalization gained ₦440.93bn to close at ₦29.64trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 29.71%. A total of 973.64m shares valued at ₦4.23bn were exchanged in 3,718 deals. TRANSCORP (+0.00%) led the volume chart with 455.53m units traded, while FIDELITYBK (+0.19%) led the value chart in deals worth ₦746.82m.

Market breadth closed positive at a 2.22-to-1 ratio with advancing issues outnumbering declining ones. OANDO (+9.98%) topped nineteen (19) others on the leader’s log, while PZ (-5.88%) led eight (8) others on the laggard’s table.

Find below key highlights of market activities

Indicators	Current	Change (%)	YTD
All-Share Index	54,413.21	1.51	6.17
Market Cap. (₦ ‘trillion)	29.64	1.51	6.19
Volume (millions)	973.64	312.44
Value (₦ ‘billion)	4.23	29.71

Dividend Information for 2023

Company	Dividend (Bonus)	Closure Date	Payment Date
BUACEMENT	₦2.80 (final)	11-Aug-23	24-Aug-23
STANBIC	₦2.00 (final)	12-Apr-23	26-May-23
NESTLE	₦36.50 (final)	28-Apr-23	18-May-23
SEPLAT	$0.075 (final)	19-Apr-23	10-May-23
ZENITHBANK	₦3.20 (final)	17-Apr-23	2-May-23
WAPCO	₦2.00 (final)	11-Apr-23	28-Apr-23
NB	₦1.03 (final)	17-Mar-23	26-Apr-23
DANGCEM	₦20.00 (final)	31-Mar-23	24-Apr-23
MTNN	₦10.00 (final)	28-Mar-23	20-Apr-23
DANGSUGAR	₦1.50 (final)	27-Mar-23	15-Apr-23
GEREGU	₦8.00 (final)	28-Feb-23	29-Mar-23