NGX All-Share Index gains 1bp as GTCO, FBNH bolstered market performance

In today’s trading session, the Nigerian equities closed positive as the NGX All-Share Index managed to eke out a meagre 1bp gain to close at 99,396.23 points. Market performance was bolstered by interest in SEPLAT (+10.00%), along side sustained interest in Tier-1 banking names; GTCO (+1.25%) and FBNH (+2.90%) outweighing selloff in MTNN  (-6.89%), ZENITHBANK (-0.56%) and PRESCO (-1.34%). Consequently, the year-to-date (YTD) return rose slightly to 32.93%, while the market capitalisation gained ₦6.19bn to close at ₦56.23trn. Nonetheless, the benchmark index remains on track to close the week negative.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions advancing by 154.67%. A total of 529.37m shares valued at ₦10.49bn were exchanged in 7,616 deals. GTCO led the volume and value chart with 66.05 million units traded in deals worth ₦2.93 billion.
Market breadth closed positive at a 2.20-to-1 ratio with advancing issues outnumbering the declining ones. SEPLAT (+10.00%) topped thirty-two (32) others on the leader’s table while DAARCOMM (-8.93%) led fourteen (14) others on the laggard’s log.

Find below key highlights of market activities

Dividend Information for 2024