Home Finance NGX All-Share Index declines further by 0.47%

NGX All-Share Index declines further by 0.47%

by Business News Report

The bears continued to dominate the local bourse  as the benchmark index gave up 0.47% to close at 53,498.27 points. The market’s weak performance was driven primarily by selloff in index heavyweight, DANGCEM (-4.17%) offsetting gains in BUAFOODS (+3.03%). As a result, the year-to-date (YTD) return fell to 4.38%, while the market capitalisation shed ₦137.55bn to close at ₦29.14trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 52.72%. A total of 202.85m shares valued at ₦2.05bn were exchanged in 3,071 deals. TRANSCORP (+4.48%) led the volume chart with 61.49m units traded, while GTCO (+0.00%) led the value chart in deals worth ₦291.14m.

Market breadth closed positive at a 2.14-to-1 ratio with advancing issues outnumbering declining ones. PZ (+9.62%) topped fourteen (14) others on the leader’s log, while CHAMS (-8.00%) led six (6) others on the laggard’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index53,498.27-0.474.38
Market Cap. (₦ ‘trillion)29.14-0.474.40
Volume (millions)202.85101.08
Value (₦ ‘billion)2.05-52.72

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
BUACEMENT₦2.80  (final)11-Aug-2324-Aug-23
STANBIC₦2.00  (final)12-Apr-2326-May-23
NESTLE₦36.50  (final)28-Apr-2318-May-23
SEPLAT$0.075 (final)19-Apr-2310-May-23
WAPCO₦2.00 (final)11-Apr-2328-Apr-23
NB₦1.03 (final)17-Mar-2326-Apr-23
DANGCEM₦20.00  (final)31-Mar-2324-Apr-23
MTNN₦10.00  (final)28-Mar-2320-Apr-23
DANGSUGAR₦1.50  (final)27-Mar-2315-Apr-23
GEREGU₦8.00  (final)28-Feb-2329-Mar-23

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