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HomeCapital MarketBulls maintain stronghold as NGX All-Share Index ends up 2.92% w/w

Bulls maintain stronghold as NGX All-Share Index ends up 2.92% w/w

Nigeria’s equities market closed the session stronger, bringing the All-Share index up by 1.43% to settle at 60,968.27 points. Telco heavyweights, AIRTELAFRI (+4.75%) and MTNN (+2.32%), alongside ZENITHBANK (+0.74%) were the primary drivers of the market’s strong close, outweighing losses in DANGCEM (-0.87%), WAPCO (-1.34%) and FCMB (-4.49%). Notably, having gained in all three (3) trading sessions this week, the ASI closed 2.92% higher w/w, extending gains for the sixth consecutive week.

Over the course of the week, strong bullish sentiment in index heavyweights, AIRTELAFRI (+4.19 w/w), MTNN (+2.98% w/w), and BUACEMENT (+2.50% w/w) offset losses in DANGCEM (-0.87% w/w), FBNH (-1.45% w/w) and FLOURMILL (-1.16% w/w). Consequently, the year-to-date (YTD) return rose to 18.96%, while the market capitalisation gained ₦961.10tn w/w to close at ₦33.20tn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 27.30%. A total of 998.08m shares valued at ₦15.96bn were exchanged in 10,580 deals. ACCESSCORP (+5.06%) led the volume and value charts with 255.06m units in deals worth ₦4.15bn. Market breadth closed positive at a 3.73-to-1 ratio with advancing issues outnumbering declining ones. PZ (+10.00%) topped forty (40) others on the leader’s log, while CORNERST (-9.09%) led ten (10) others on the laggard’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index60,968.271.4318.96
Market Cap. (₦ ‘trillion)33.201.4318.92
Volume (millions)998.0830.69
Value (₦ ‘billion)15.9627.30

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
BUACEMENT₦2.8014-Aug-2324-Aug-23
FBNH₦0.5009-Aug-2316-Aug-23
TOTAL₦21.0026-Apr-2302-Jun-23
STANBIC₦2.0012-Apr-2326-May-23
ACCESSCORP₦1.3009-May-2324-May-23
NESTLE₦36.5024-Apr-2318-May-23
GTCO₦2.8002-May-2311-May-23
SEPLAT$0.0819-Apr-2316-May-23
ZENITHBANK₦2.9017-Apr-2302-May-23
WAPCO₦2.0011-Apr-2328-Apr-23
UBA₦0.9017-Apr-2327-Apr-23
NB₦1.0317-Mar-2326-Apr-23
DANGCEM₦20.0031-Mar-2324-Apr-23
MTNN₦10.0028-Mar-2320-Apr-23
DANGSUGAR₦1.5027-Mar-2315-Apr-23
GEREGU₦8.0028-Feb-2329-Mar-23

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