NGX All-Share Index posts biggest single-day gain in 8 months, up 2.03%
Extending the bullish run for second consecutive session yesterday, being August 25, 2022, Nigerian equities posted strong gains as the benchmark Index ended 2.03% stronger – the biggest single-day gain since 31 December 2021 – to settle at 49,661.87 points, the highest point since 17 August. Investor interest in index heavyweights, AIRTELAFRI (+7.06%), NESTLE (+0.34%) and BUAFOODS (+3.33%) drove the broader index’s strong performance. Consequently, the year-to-date (YTD) return rose to 16.26%, with market capitalisation gaining ₦532.11bn to close at ₦26.79trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 18.08%. A total of 226.47m shares valued at ₦2.76bn were exchanged in 3,515 deals. FBNH (+0.00%) led the volume chart with 23.43m units traded, while MTNN (+0.00%), for the second consecutive session, led the value chart in deals worth ₦505.04m.
Market breadth closed positive at a 2.00-to-1 ratio, with advancing issues outnumbering declining ones. CWG (+10.00%) topped seventeen (17) others on the leader’s table, while HONYFLOUR (-8.42%) led eight (8) others on the laggard’s log.
Find below key highlights of market activities.
Dividend Information for 2022
