Home Stock Market NGX All-Share Index closes sharply lower, down 1.75%

NGX All-Share Index closes sharply lower, down 1.75%

by Business News Report

Bearish sentiment extended in today’s trading session as the All-Share Index closed 1.75% lower to settle at 64,167.39 points, marking its second successive session decline. Selloffs in index heavyweights, MTNN (-1.43%), DANGCEM (-9.09%) alongside ACCESSCORP (-0.29%) offset the recoveries in GEREGU (+5.11%), WAPCO (+1.08%) and ETI (+3.33%) underpinning the market’s weak performance. Consequently, the year-to-date (YTD) return fell to 25.20%, while market capitalisation lost ₦621.601bn to close at ₦34.92trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 41.48%. A total of 238.04m shares valued at ₦2.62bn were exchanged in 6,001 deals. STERLINNG (-1.99%) led volume chart with 32.67m units traded while MTNN (-1.43%) led the value charts in deals worth ₦468.15m.

Market breadth closed negative at 1.71-to-1 ratio with declining issues outnumbering advancing ones. NASCON (-10.00%) topped twenty-three (23) others on the laggard’s table while MBENEFIT (+6.25%) led thirteen (13) others on the leader’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index64,167.39-1.7525.20
Market Cap. (₦ ‘trillion)34.92-1.7525.09
Volume (millions)238.04-25.10
Value (₦ ‘billion)2.62-41.48

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
NGXGROUP₦0.5031-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
STANBIC₦2.0012-Apr-2326-May-23
ACCESSCORP₦1.309-May-2324-May-23
NESTLE₦36.5024-Apr-2318-May-23
GTCO₦2.802-May-2311-May-23
SEPLAT$0.0819-Apr-2316-May-23
ZENITHBANK₦2.9017-Apr-232-May-23
WAPCO₦2.0011-Apr-2328-Apr-23
UBA₦0.9017-Apr-2327-Apr-23
NB₦1.0317-Mar-2326-Apr-23
DANGCEM₦20.0031-Mar-2324-Apr-23
MTNN₦10.0028-Mar-2320-Apr-23
DANGSUGAR₦1.5027-Mar-2315-Apr-23
GEREGU₦8.0028-Feb-2329-Mar-23

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