The bears continued to dominate the local equities market as the NGX All-Share Index succumbed to a second successive loss, falling by 2.03% to 62,748.94 points. Specifically, selloffs in MTNN (-4.64%), ZENITHBANK (-2.04%), and GTCO (-5.56%) dragged the overall market offsetting gains in BUACEMENT (+2.01%), GEREGU (+3.33%), and DANGSUGAR (+9.94%). Accordingly, the market is on track for the first week of loss in this quarter. As a result, the year-to-date (YTD) return slipped to 22.43%, while the market capitalisation contracted by ₦706.77bn to close at ₦34.17trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 17.69%. A total of 798.47m shares valued at ₦10.45bn were exchanged in 10,296 deals. UBA (-8.45%) led the volume charts with 99.02m units while GTCO (-5.56%) led the value chart in deals worth ₦1.77bn.
Market breadth closed negative at a 5.75 to-1 ratio with declining issues outnumbering advancing ones. STANBIC (-10.00%) topped forty-five (45) others on the laggard’s table, while DANGSUGAR (+9.94%) led seven (7) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 62,748.94 | -2.03 | 22.43 |
| Market Cap. (₦ ‘trillion) | 34.17 | -2.03 | 22.40 |
| Volume (millions) | 798.47 | -31.36 | |
| Value (₦ ‘billion) | 10.45 | -17.69 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 | 14-Aug-23 | 24-Aug-23 |
| FBNH | ₦0.50 | 09-Aug-23 | 16-Aug-23 |
| TOTAL | ₦21.00 | 26-Apr-23 | 02-Jun-23 |
| STANBIC | ₦2.00 | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 | 09-May-23 | 24-May-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 | 02-May-23 | 11-May-23 |
| SEPLAT | $0.08 | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 | 17-Apr-23 | 02-May-23 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
Source: Coronation
