Home Stock Market NGX All-Share Index closes negative, down 3.44% w/w

NGX All-Share Index closes negative, down 3.44% w/w

by Business News Report

The Nigerian equities market was bullish today as the All-Share Index (ASI) rose 0.84% to close at 102,088.07 points. Buy interests in BUAFOODS (+6.27%), FBNH (+6.90%), and TRANSCORP (+3.59%) offset selloffs in ZENITHBANK (-1.26%), GTCO (-1.14%) and ACCESSCORP (-0.48%) keeping the market in the positive terrain. However, having lost in three (3) of five (5) trading sessions this week, the ASI closed 3.44% lower w/w, offsetting most of the gains of the prior week.
Over the course of the week, losses in DANGCEM (-10.00% w/w), MTNN (-10.00% w/w), and NB (-10.53% w/w) outweighed buy interest in GEREGU (+9.32% w/w), BUAFOODS (+6.27% w/w) , and GTCO (+0.13% w/w) driving the market’s negative performance. Consequently, the year-to-date (YTD) return fell to 36.53%, while the market capitalisation lost ₦1.99trn w/w to close at ₦55.86trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 21.74%. A total of 291.01m shares valued at ₦6.02bn were exchanged in 7,710 deals. GTCO (-1.14%) led both the volume and value chart with 53.04m units traded in deals worth ₦2.10bn.
Market breadth closed positive at a 1.05-to-1 ratio with advancing issues outnumbering the declining ones. DAARCOMM (+9.72%) topped ninety (19) others on the leader’s table while MORISON (-9.73%) led eighteen (18) others on the laggard’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index102,088.070.8436.53
Market Cap. (₦ ‘trillion)55.860.8436.52
Volume (millions)291.0115.02
Value (₦ ‘billion)6.0221.74

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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