Home Stock Market NGX All-Share Index closes negative, down 3.27% w/w

NGX All-Share Index closes negative, down 3.27% w/w

by Business News Report

Bearish sentiments dominated the market in the last trading session as the All-Share Index lost 1.23% to close at 98,751.98 points. Selloffs in BUACEMENT (-10.00%), MTNN (-9.96%) and FIDELITYBK (-3.85%) outweighed gains in GTCO (+5.30%), ZENITHBANK (+1.43%), and FBNH (+0.72%) keeping the market in the negative terrain. Accordingly, having lost in four (4) of five (5) trading sessions this week, the ASI closed 3.27% lower w/w, offsetting most of the gains of the prior week.
Over the course of the week, losses in BUACEMENT (-10.00% w/w) and MTNN (-18.91% w/w), NESTLE (-18.18% w/w), and outweighed buy interests in GTCO (+6.79% w/w), ZENITHBANK (+0.57% w/w) , and TRANSCORP (+10.10% w/w) driving the market’s negative performance. Consequently, the year-to-date (YTD) return on the index declined to 32.07%, while the market capitalisation lost ₦1.83tn w/w to close at ₦54.04tn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 22.01%. A total of 367.62m shares valued at ₦6.78bn were exchanged in 9,168 deals. TRANSCORP (+9.93%) led the volume chart with 57.00m units traded while ZENITHBANK (+1.43%) led the value chart in deals worth ₦913.43m.
Market breadth closed positive at a 5.50-to-1 ratio with advancing issues outnumbering the declining ones. FTNCOCOA (+10.00%) topped forty-three (43) others on the leader’s table while BUACEMENT (-10.00%) led seven (7) others on the laggard’s log.

Find below key highlights of market activities.
IndicatorsCurrentChange (%)YTD
All-Share Index98,751.98-1.2332.07
Market Cap. (₦ ‘trillion)54.04-1.2332.06
Volume (millions)367.62-32.29
Value (₦ ‘billion)6.78-22.01
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
NGXGROUP₦0.2531-Jul-2331-Aug-23
BUACEMENT₦2.8014-Aug-2324-Aug-23
FBNH₦0.509-Aug-2316-Aug-23
AIRTELAFRI3.2722-Jun-2326-Jul-23
TOTAL₦21.0026-Apr-232-Jun-23
NESTLE₦36.5024-Apr-2318-May-23
WAPCO₦2.0011-Apr-2328-Apr-23
NB₦1.0317-Mar-2326-Apr-23
DANGCEM₦20.0031-Mar-2324-Apr-23
DANGSUGAR₦1.5027-Mar-2315-Apr-23
GEREGU₦8.0028-Feb-2329-Mar-23

Source: Coronation

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