Home Stock Market NGX All-Share closes week negative, -0.52% w/w

NGX All-Share closes week negative, -0.52% w/w

by Business News Report

For the third week in a row, the domestic bourse closed lower by 0.52%. Losses in Teir-1 banking tickers GTCO (-6.52% w/w), ZENITHBANK (-8.54% w/w) and FBNH (-10.89% w/w) were the major drags on the broader index offsetting gains in telco giant MTNN (+2.90% w/w) alongside TRANSCOHOT (+3.03% w/w). As a result, the ASI year-to-date (YTD) return fell to 30.54%, while the market capitalization shed ₦290.06bn w/w to close at ₦55.22trn.
In today’s trading session, the local bourse closed red by 37bps to 97,612.51 points. Continued selloffs in ZENITHBANK (-2.76%), FBNH (+9.31%) and UBA (-4.00%)  drove the market’s weak performance. Consequently, the market capitalization lost ₦206.63tn to close at ₦55.22tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 104.45%. A total of 769.10m shares valued at ₦15.74bn were exchanged in 7,585 deals. ETI (-9.98%) led the volume and value tables with 554.97m units traded in deals worth ₦12.02bn.
Market breadth closed negative at a 0.89-to-1 ratio with declining issues outnumbering advancing ones. PZ (-10.00%) led seventeen (17) others on the laggard’s log, while INTENEGINS (+9.93%) topped fifteen (15) others on the leader’s table. 
On the sectoral breakdown, NGX Oil and Gas Index (+0.72%w/w), the NGX Consumer Goods Index (+0.31%w/w), and the NGX Industrial Goods Index (+0.19%w/w) closed positive while NGX Banking Index (-7.35%w/w), the NGX Insurance Index (-3.50%w/w), the NGX Pension Index (-2.79%w/w), and the NGX 30 Index (-0.63% w/w) closed negative.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index97,612.51-0.3730.54
Market Cap. (₦ ‘trillion)55.22-0.3734.95
Volume (millions)769.09143.04
Value (₦ ‘billion)15.74104.45

Dividend Information for 2024

CompanyDividend (Bonus)Closure DatePayment Date
BUAFOODS₦5.5020-Aug-2426-Sep-24
BUACEMENT₦2.0012-Aug-2429-Aug-24
AIRTELAFRI$0.03724-Jun-2426-Jul-24
BETAGLAS₦1.425-Jun-246-Jul-24
FIDSON₦0.619-Jun-246-Jul-24
TOTAL₦25.0024-Apr-2424-Jun-24
UACN₦0.227-Jun-2421-Jun-24
JBERGER₦33-Jun-2421-Jun-24
TRANSEXPR₦0.0212-Jun-2420-Jun-24
SEPLAT ENERGY$0.03 ( Q1 INTERIM)3-Jun-2414-Jun-24
MAYBAKER₦0.322-May-246-Jun-24
PRESCO₦24.3015-May-2430-May-24
SEPLAT ENERGY$0.0329-Apr-2429-May-24
TRANSCORP₦0.1026-Apr-2428-May-24
WEMA₦0.510-May-2428-May-24
MEYER₦0.329-Apr-2427-May-24
UBA₦2.3013-May-2424-May-24
NAHCO₦2.5613-May-2424-May-24
TRANSPOWER₦3.1322-Apr-2422-May-24
STANBIC₦2.2022-Apr-2417-May-24
FIDELITYBK₦0.6029-Apr-2416-May-24
UNILEVER₦0.7529-Apr-2410-May-24
GTCO₦2.7029-Apr-249-May-24
ZENITHBANK₦3.5026-Apr-248-May-24
DANGCEM₦30.0016-Apr-2429-Apr-24
UCAP₦1.8010-Apr-2423-Apr-24
ACCESSCORP₦1.8011-Apr-2419-Apr-24
TRANSCOHOT₦0.2016-Apr-2430-Apr-24
LAFAERGE₦1.902-Apr-2416-Apr-24
NGXGROUP₦0.7527-Mar-2429-Apr-24
GEREGU₦8.0028-Feb-2428-Mar-24
VITAFOAM1.5613-Feb-247-Mar-24

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