In the last trading session of the week, Nigerian equities staged a rebound, recouping the prior session loss as the benchmark index closed 0.12% stronger to settle at 71,541.74 points.
Sustained gains in AIRTELAFRI (+2.10%) and GTCO (+0.26%) pushed the broader index into the positive terrain.
Having gained in three (3) out of five (5) trading sessions this week, the ASI closed 0.17% higher w/w, its seventh consecutive weekly growth.
During the week, strong performances across MTNN (+0.25% w/w), UBA (+5.63% w/w) and STANBIC (+6.37% w/w) were sufficient to offset the losses in BUACEMENT (-7.21% w/w), DANSUGAR (-0.52% w/w) and OANDO (-12.29%). As a result, the year-to-date (YTD) return rose to 39.59%, while the market capitalization gained ₦45.87bn w/w to close at ₦39.15trn.
Analysis of today's market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 15.41%. A total of 503.84m shares valued at ₦7.21bn were exchanged in 5,747 deals. MBENEFIT (+1.92%) led the volume chart with 67.28m units traded while AIRTELAFRI (+2.10) led the value chart in deals worth ₦1.95bn.
Market breadth closed negative at a 1.38-to-1 ratio with declining issues outnumbering advancing ones. FBNH (-10.00%) topped twenty-one (21) others on the laggard’s table while MULTIVERSE (+9.95%) led fifteen (15) others on the leader's log.
Find below key highlights of market activities.
Indicators | Current | Change (%) | YTD |
All-Share Index | 71,541.74 | +0.12 | +39.59 |
Market Cap. (₦ 'trillion) | 39.15 | +0.12 | +40.24 |
Volume (millions) | 503.84 | +15.41 | |
Value (₦ 'billion) | 7.21 | -4.53 | |
Dividend Information for 2023
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