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    NGX All-Share Index opens the week strong, gains 3.99%

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    Opening the week, the local bourse rebounded by 3.99% to settle at 58,163.55 points. Investor interest in telco heavyweights, AIRTELAFRI (+7.78%), MTNN (+3.60%), ZENITHBANK (+10.00%),  GTCO (10.00%) and  STANBIC (+9.33%)  were the primary drivers of the overall market’s strong performance. As a result, the year-to-date (YTD) return rose to 13.49%, while market capitalization gained ₦1.22tn to close at ₦31.67trn.

    Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 215.93%. A total of 1.19bn shares valued at ₦19.23bn were exchanged in 10,369 deals. UBA (+9.55%) led the volume chart with 214.94m units traded, while GTCO (+10.00%) led the value chart in deals worth ₦6.24bn.

    Market breadth closed positive at a 7.00-to-1 ratio with advancing issues outnumbering declining ones. ZENITHBANK (+10.00%) topped fourty-eight (48) others on the leader’s table, while HONYFLOUR (-4.29%) led six (6) others on the laggard’s log.

     

    Find below key highlights of market activities.

     

     

     

    Company  Dividend (Bonus) Closure Date Payment Date
    BUACEMENT ₦2.80  (final) 14-Aug-23 24-Aug-23
    TOTAL ₦21.00  (final) 26-Apr-23 2-Jun-23
    STANBIC ₦2.00  (final) 12-Apr-23 26-May-23
    ACCESSCORP ₦1.30  (final) 9-May-23 24-May-23
    NESTLE ₦36.50  (final) 24-Apr-23 18-May-23
    GTCO ₦2.80  (final) 2-May-23 11-May-23
    SEPLAT $0.075 (final) 19-Apr-23 16-May-23
    ZENITHBANK ₦2.90  (final) 17-Apr-23 2-May-23
    WAPCO ₦2.00 (final) 11-Apr-23 28-Apr-23
    UBA ₦0.90 (final) 17-Apr-23 27-Apr-23
    NB ₦1.03 (final) 17-Mar-23 26-Apr-23
    DANGCEM ₦20.00  (final) 31-Mar-23 24-Apr-23
    MTNN ₦10.00  (final) 28-Mar-23 20-Apr-23
    DANGSUGAR ₦1.50  (final) 27-Mar-23 15-Apr-23
    GEREGU ₦8.00  (final) 28-Feb-23 29-Mar-23

    Business Hilights
    Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.
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