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NGX All-Share Index extends decline, down 0.31%

by Business News Report

Nigerian equities extended losses for the second consecutive session as the All-Share Index closed 0.31% weaker to close at 65,482.91 points. On market movers, the weak performance was driven by selloffs in tier-1 banking names, ZENITHBANK (-0.85%), GTCO (-3.10%), and FBNH (-4.39%) contributed to keep the broader index in the red. Accordingly, the market remains on for a week of gain.  As a result, the year-to-date (YTD) return fell to 27.77%, with the market capitalisation down by ₦111.15 billion to close at ₦35.63 trillion. 

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 32.87%. A total of 509.25m shares valued at ₦4.80 billion were exchanged in 8,070 deals. JAPAULGOLD (-9.91%) led the volume chart with 115.70m units traded while UBA  (0.00%) led the value chart in deals worth ₦595.92m.

Market breadth closed negative at a 2.83-to-1 ratio with declining issues outnumbering advancing ones. JAPAULGOLD (-9.91%) topped thirty-three (33) others on the laggard’s log, while LASACO (+10.00%) led eleven (11) others on the leader’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index65,482.91-0.3127.77
Market Cap. (₦ ‘trillion)35.63-0.3127.65
Volume (millions)509.251.76
Value (₦ ‘billion)4.80-32.87

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
NGXGROUP₦0.5031-Jul-2331-Aug-23
BUACEMENT₦2.8014-Aug-2324-Aug-23
FBNH₦0.509-Aug-2316-Aug-23
AIRTELAFRI3.2722-Jun-2326-Jul-23
TOTAL₦21.0026-Apr-232-Jun-23
STANBIC₦2.0012-Apr-2326-May-23
ACCESSCORP₦1.309-May-2324-May-23
NESTLE₦36.5024-Apr-2318-May-23
GTCO₦2.802-May-2311-May-23
SEPLAT$0.0819-Apr-2316-May-23
ZENITHBANK₦2.9017-Apr-232-May-23
WAPCO₦2.0011-Apr-2328-Apr-23
UBA₦0.9017-Apr-2327-Apr-23
NB₦1.0317-Mar-2326-Apr-23
DANGCEM₦20.0031-Mar-2324-Apr-23
MTNN₦10.0028-Mar-2320-Apr-23
DANGSUGAR₦1.5027-Mar-2315-Apr-23
GEREGU₦8.0028-Feb-2329-Mar-23

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