Home Finance NGX All-Share Index ends the month negative, down 1.40% w/w

NGX All-Share Index ends the month negative, down 1.40% w/w

by Business News Report

Ending the week, the Lagos bourse extended its bearish run as the benchmark index closed 0.10% weaker to settle at 66,382.14 points, its lowest level since 29 August. Selloffs in market heavyweights, MTNN (-0.19%), BUACEMENT (-10.00%) alongside GTCO (-0.14%) outweighed gains in DANGCEM (+1.80%), BUAFOODS (+3.10%) and ZENITHBANK (+0.48%) to keep the market in the red. Having lost  in all trading sessions this week, the ASI closed 1.40% lower w/w, extending past week’s losses.

Losses in MTNN (-1.86% w/w), BUACEMENT (-11.08% w/w) and ZENITHBANK (-4.70% w/w) drove the broader index’s loss offsetting the gains DANGCEM (+1.80% w/w), BUAFOODS (+3.10% w/w) and WAPCO (+4.72% w/w). Consequently, the year-to-date (YTD) return slumped to 29.52%, while the market capitalization shed ₦515.80bn w/w to close at ₦36.33trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 32.81%. A total of 292.94m shares valued at 4.53bn were exchanged in 6,323 deals. FIDELITYBK (+1.22%) led the volume chart with 48.59m units traded while MTNN (-0.19%) led the value chart in deals worth ₦772.35m.

Market breadth closed positive at a 1.47-to-1 ratio with advancing issues outnumbering declining ones. NGXGROUP (+8.93%) led twenty-one (21) others on the leader’s log while BUACEMENT (-10.00%) topped fourteen (14) others on the laggard’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index66,382.14-0.1029.52
Market Cap. (₦ ‘trillion)36.33-0.1030.15
Volume (millions)292.946.99
Value (₦ ‘billion)4.5332.81

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
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

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