Home Finance NGX All-Share Index ends winning streak, loses 0.76%

NGX All-Share Index ends winning streak, loses 0.76%

by Business News Report

Today, the domestic bourse ended its four-day winning streak as the benchmark index shed 0.76% to close at 70,042.28 points. Selloffs in telco heavyweight, MTNN (-2.44%), as well as BUACEMENT (-1.87%), and ZENITHBANK (-1.16%), underpinned the market’s weak performance despite gains in WAPCO (+2.94%), FIDELITYBK (+1.82%) and OANDO (+1.16%). Accordingly, the market is on track for a week of gain. Consequently, the year-to-date (YTD) return fell to 36.67%, while market capitalisation lost ₦296.39bn to close at ₦38.48trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 44.73%. A total of 525.46m shares valued at ₦6.09bn were exchanged in 8,396 deals. JAPAULGOLD (+0.78%) led the volume chart with 92.01m units traded while UBA (-0.24%) led the value chart in deals worth ₦971.34m.

Market breadth closed negative at a 1.24-to-1 ratio with declining issues outnumbering advancing ones. CHAMS (-9.84%) led twenty (20) others on the laggard’s log while ACADEMY (+9.83%) topped sixteen (16) others on the leader’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index70,042.28-0.7636.67
Market Cap. (₦ ‘trillion)38.48-0.7637.85
Volume (millions)525.46-12.68
Value (₦ ‘billion)6.09-44.73

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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