NGX All-Share Index Closes Positive, Up 0.21%

In the last trading session of the week, the domestic bourse reversed some of the week’s gains, bringing the All-Share Index down by 6bps to close at 54,327.30 points. Selloffs in telco heavyweight, MTNN (-0.82%) drove the market’s overall performance. Having gained in two (2) of five (5) trading sessions this week, the ASI closed 0.21% higher w/w, extending gains for the fifth consecutive week.

Over the course of the week, DANGCEM (+1.16% w/w), MTNN (+1.68% w/w) and WAPCO (+1.39% w/w) led the market’s gains. On the flip side, NB (-3.11% w/w), FBNH (-0.84% w/w) and ACCESSCORP (-1.09% w/w) contributed to roil the overall market. Consequently, the year-to-date (YTD) rose to 6.00%, while the market capitalisation gained ₦62.21bn w/w to close at ₦29.59trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 75.52%. A total of 175.66m shares valued at ₦5.33bn were exchanged in 3,563 deals. FBNH (+0.42%) led the volume chart with 30.22m shares traded while AIRTELAFRI (+0.00%) led the value chart in deals worth ₦5.29bn.

Market breadth closed negative at a 1.89-to-1 ratio, with declining issues outnumbering advancing ones. SOVRENINS (-9.09%) topped sixteen (16) others on the laggard’s log, while CONOIL (+9.95%) led eight (8) others on the leader’s table.

Find below key highlights of market activities

Dividend Information for 2023

About The Author

Lagos Business News

See author's posts