NGX All-Share Index rebounds, up 0.13% – Coronation Research
| In its first session of gain in the week, the Lagos bourse rebounded as the All-Share index gained 0.13% to close at 46,904.48 points, ending two consecutive sessions of losses. On market movers, telco heavyweight, MTNN (+1.45%) was the primary driver of the overall market’s performance. In addition, gains in UBA (+0.65%) and ETI (+1.69%) contributed to recover losses in Tier-1 banking names, ZENITHBANK (-2.15%), GTCO (-1.29%), FBNH (-0.85%) and ACCESSCORP (-0.50%). Consequently, the year-to-date (YTD) return rose to 9.80%, while market capitalization gained ₦33.08bn to close at ₦25.28trn. Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions advancing by 46.39%. A total of 201.28m shares valued at ₦2.62bn were exchanged in 4,017 deals. ETI (+1.69%) led the volume and value charts with 61.89m units traded in deals worth ₦742.03m. Market breadth closed negative at a 1.06-to-1 ratio with declining issues outnumbering advancing ones. CADBURY (-6.67%) led sixteen (16) others on the laggard’s table, while CORNERST (+10.00%) topped fifteen (15) others on the gainer’s log. |
| Find below key highlights of market activities. |
| Dividend Information for 2022 |
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