Home Stock Market NGX All-Share Index ends winning streak, loses 1.32%

NGX All-Share Index ends winning streak, loses 1.32%

by Business News Report

Today, the domestic bourse ended its two-day winning streak as the benchmark index shed 1.32% to close at 59,195.21 points. Selloffs in telco heavyweight, MTNN (-3.83%), as well as ZENITHBANK (-5.18%), and GTCO (-5.49%), underpinned the market’s weak performance despite gains in FBNH (+0.94%), ETI (+0.33%) and FIDELITYBK (+3.29%). Accordingly, the market remains on track for another weekly gain. As a result, the year-to-date (YTD) return fell to 15.50%, while market capitalization lost ₦430.10bn to close at ₦32.23trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 27.14%. A total of 1.17bn units of shares valued at ₦15.36bn were exchanged in 12,611 deals. UBA (-7.11%), led the volume chart with 192.83m units traded, while GTCO (-5.49%) led the value chart in deals worth ₦3.33bn.

Market breadth closed negative at a 1.26-to-1 ratio with declining issues outnumbering advancing ones. CORNERST (-9.73%) topped twenty-eight (28) others on the laggard’s log, while TOTAL (+10.00%) led twenty-two (22) others on the leader’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index59,195.21-1.3215.50
Market Cap. (₦ ‘trillion)32.23-1.3215.46
Volume (millions)1,170.15-9.76
Value (₦ ‘billion)15.36-27.14

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
BUACEMENT₦2.80  (final)14-Aug-2324-Aug-23
TOTAL₦21.00  (final)26-Apr-232-Jun-23
STANBIC₦2.00  (final)12-Apr-2326-May-23
ACCESSCORP₦1.30  (final)9-May-2324-May-23
NESTLE₦36.50  (final)24-Apr-2318-May-23
GTCO₦2.80  (final)2-May-2311-May-23
SEPLAT$0.075 (final)19-Apr-2316-May-23
ZENITHBANK₦2.90  (final)17-Apr-232-May-23
WAPCO₦2.00 (final)11-Apr-2328-Apr-23
UBA₦0.90 (final)17-Apr-2327-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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