October 15, (THEWILL) – Nigerian equities ended the week on a positive note, as the All-Share index closed 0.10% higher to settle at 67,200.69 points.
Gains in Access Corp (+0.63% on N15.75 share price), UBA (+0.29% of N12 per share) and Dangote Sugar (+4.66% against N58 share price) pushed the broader index into the positive terrain. Having gained in four (4) of five (5) trading sessions this week, the ASI closed 1.12% higher w/w, its second consecutive weekly growth.
Generally, during the week, positive performances across Bua Cement (+12.55% w/w), Nigerian Breweries (+9.09% w/w) and UBA (+2.03% w/w) outweighed the declines in GTCO (-3.74% w/w), Access Corp (-1.25% w/w) and FBNH (-0.62% w/w). Accordingly, the year-to-date (YTD) return rose to 31.12%, while the market capitalization gained N409.91bn w/w to close at N36.92trn.
Analysis of Friday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 8.37%. A total of 224.07m shares valued at N4.16bn were exchanged in 5,049 deals. UBA (+0.29%) led the volume chart with 48.23m units traded while GTCO (+0.00%) led the value chart in deals worth N1.14bn.
Market breadth closed positive at a 1.10-to-1 ratio with advancing issues outnumbering declining ones. UPL (+9.77%) led ten (10) others on the leader’s log while FTN Cocoa (-4.65%) topped nine (9) others on the laggard’s table.
Access Corporation closed its last trading day (Friday, October 13, 2023) at N15.85 per share on the Nigerian Exchange (NGX), recording a 0.6% gain over its previous closing price of N15.75. Access began the year with a share price of N8.50 and has since gained 86.5% on that price valuation, ranking it 41st on the NGX in terms of year-to-date performance.
Access Holdings is the fourth most traded stock on the Nigerian Stock Exchange over the past three months (Jul 17 – Oct 13, 2023). The stock has traded a total volume of 1.99 billion shares—in 27,816 deals—valued at N33.3 billion over the period, with an average of 31.6 million traded shares per session. A volume high of 113 million was achieved on September 25th, and a low of 6.02 million on August 9th, for the same period. The table below details the last 10 trading days of activity of Access on the Nigerian Exchange.
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