Business and Economy

NGX All-Share Index down 0.59% w/w: Coronation Daily Market Wrap – 19 August 2022:

Today, trading on the domestic bourse was bearish as the All-Share Index fell by 0.35% to 49,370.62 points, the lowest level since 9 August. The index was dragged by selloffs in ACCESSCORP (-0.60%), FCMB (-6.98%) and WAPCO (-4.01%). Consequently, having gained in just one (1) of five (5) trading sessions this week, the ASI recorded a 0.59% w/w decline, its second consecutive weekly loss.
Bearish sentiments persisted over the course of the week as MTNN (-2.00% w/w), OKOMUOIL (-9.96% w/w), and ACCESSCORP (-5.68% w/w) drove the week’s losses. Consequently, the ASI’s year-to-date (YTD) return dipped to 15.58%, while the market capitalization shed ₦158.30bn w/w to close at ₦26.63trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions decreasing by 38.64%. A total of 132.23m shares valued at ₦1.63bn were exchanged in 3,045 deals. FBNH (+0.47%) led the volume and value charts with 37.77m units in deals worth ₦418.67m.
Market breadth closed flat. JAIZBANK (+5.95%) topped thirteen (13) others on the leader’s table, while UPL (-9.95%) led thirteen (13) others on the laggard’s log. Find below key highlights of market activities.

Dividend Information for 2022

SOURCE: Coronation Securities Limited

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