NGX All-Share Index extends weekly loss, down 2.08% w/

Ending the holiday shortened week, the Nigerian equities continued their losing streak as the All-Share Index closed 0.10% lower, to close at 51,893.94 points – the lowest level since 11 January. Selloffs in ZENITHBANK (-0.20%), FBNH (-4.13%) and STANBIC (-3.09%) drove the market’s overall weak performance. Having lost in all trading sessions this week, the ASI closed 2.08% lower w/w.

Over the course of the week, losses in AIRTELAFRI (-10.00% w/w), ZENITHBANK (-1.96% w/w) and WAPCO (-7.75% w/w) offset gains in INTBREW (+11.11%) keeping the market’s overall performance in the red. Consequently, the year-to-date (YTD) return fell to 1.25%, while the market capitalization shed ₦601.29bn w/w to close at ₦28.27trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 16.77%. A total of 541.98m shares valued at ₦2.36bn were exchanged in 3,766 deals. CHAMS (+0.00%) led the volume chart with 293.14m units traded, while UBA (+0.59%) led the value chart in deals worth ₦798.65m.

Market breadth closed positive at a 1.30-to-1 ratio with advancing issues outnumbering declining ones. TRANSCORP (+9.74%) topped twelve (12) others on the leader’s table while CADBURY (-9.73%) topped nine (9) others on the laggard’s log.

Find below key highlights of market activities

Dividend Information for 2023

Source: Coronation