NGX All-Share Index ends the week positive, up 0.63% w/w

SAT, 27 AUG, 2022-theGBJournal| Closing the week, the domestic bourse ended mixed with a bullish tilt as the benchmark Index managed to eke out a 4bps gain to settle at 49,682.15 points, the highest point since 16 August.

All other indices finished lower with the exception of NGX-Main Board, NGX 30 Index, NGX Insurance Index, NGX-AFR Bank Value and NGX Lotus II Indices which appreciated by 2.56%, 0.48%, 3.88%, 0.07 and 0.11% while the NGX ASeM and Growth indices closed flat.

A total turnover of 914.443 million shares worth N15.263 billion in 18,021 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 823.005 million shares valued at N12.228 billion that exchanged hands last week in 17,482 deals, according to NGX Exchange data.

Trading in the top three equities namely Mutual Benefits Assurance Plc, FBN Holdings Plc and Access Holdings Plc (measured by volume) accounted for 325.818 million shares worth N1.758 billion in 1,897 deals, contributing 35.63% and 11.52% to the total equity turnover volume and value respectively.

Sustained buying interests in NESTLE (+3.26%) offset losses in ZENITHBANK (-0.45%), WAPCO (-0.21%) and INTBREW (-3.85%) to keep the broader index in the positive terrain. Consequently, having gained in three of five trading sessions this week, the ASI recorded a 0.63% w/w gain, ending two consecutive weekly declines.

Bullish sentiments in AIRTELAFRI (+7.06% w/w), NESTLE (+3.85% w/w), MTNN (+2.04% w/w) and STANBIC (+8.93% w/w) in the course of the week were significant enough to push the market’s performance into the green despite the rout in DANGCEM (-5.33% w/w), BUACEMENT (-3.44% w/w), BUAFOODS (-6.92% w/w) and SEPLAT (-8.44% w/w). As a result, the ASI’s year-to-date (YTD) return rose to 16.31%, while the market capitalisation gained N168.02bn w/w to close at N26.80trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 67.93%. A total of 193.51m shares valued at N4.64bn were exchanged in 3,307 deals. JAIZBANK (+1.18%) led the volume chart with 45.91m units traded, while NESTLE (+3.26%) led the value chart in deals worth N3.05bn.

Market breadth closed positive at a 1.36-to-1 ratio, with advancing issues outnumbering declining ones. JAPAULGOLD (+9.68%) topped fourteen (14) others on the leader’s table, while VITAFOAM (-9.78%) led ten (10) others on the laggard’s log.

Highlights of market activities

Dividend Information for 2022

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