Home Finance NGX All-Share Index closes negative, down 0.42% w/w

NGX All-Share Index closes negative, down 0.42% w/w

by Business News Report

Bullish sentiments dominated the market in the last trading session as the All-Share Index gained 0.25% to close at 104,647.37 points. Gains in Tier-1 banks namely, GTCO (+3.28%), ZENITHBANK (+1.27%) and FBNH (+2.25%) outweighed losses in NB (-3.45%), NASCON (-0.85%), and STERLINGNG (-0.58%) keeping the market in the positive terrain. Accordingly, having lost in three (3) of five (5) trading sessions this week, the ASI closed 0.42% lower w/w.
Over the course of the week, losses in MTNN (-12.25% w/w) and DANGSUGAR (-3.67% w/w), and TRANSCORP (-0.32% w/w),  outweighed buy interests in FBNH (+4.46% w/w), UBA (+11.11% w/w) , and ACCESSCORP (+4.35% w/w) driving the market’s negative performance. Consequently, the year-to-date (YTD) return on the index slipped to 39.95%, while the market capitalization lost ₦247.57tn w/w to close at ₦59.17tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions dup by 53.32%. A total of 505.19m shares valued at ₦14.24bn were exchanged in 9,574 deals. ACCESSCORP (+1.69%) led the volume chart with 75.78m units traded while GTCO (+3.28%) led the value chart in deals worth ₦3.12bn.
Market breadth closed positive at a 2.21-to-1 ratio with advancing issues outnumbering the declining ones. NSLTECH (+10.00%) topped thirty (30) others on the leader’s table while PZ (-10.00%) led thirteen (13) others on the laggard’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index104,647.370.2539.95
Market Cap. (₦ ‘trillion)59.170.2544.60
Volume (millions)505.1949.99
Value (₦ ‘billion)14.2453.32

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
SEPLAT ENERGY$0.03 (Q3 INTERIM)13-Nov-2324-Nov-23
ACCESSCORP₦0.30 (interim)6-Oct-2319-Oct-23
UBA₦0.50 (interim)27-Sep-236-Oct-23
ZENITHBANK₦0.50 (interim)25-Sep-2329-Sep-23
STANBICN1.50 (interim)13-Sep-2327-Sep-23
GTCO₦0.50 (interim)15-Sep-2325-Sep-23
FIDELITYBKN 0.25 (interim)15-Sep-2322-Sep-23
CUSTODIAN₦0.15 (interim)21-Aug-235-Sep-23
SEPLAT ENERGY3 US CENTS (interim)18-Aug-2330-Aug-23
MTNN₦5.60  (interim)17-Aug-2324-Aug-23

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