NGX All-Share Index extends loss by 9bps

For the second consecutive session, the Lagos bourse extended losses as the benchmark Index closed 0.09% weaker to close at 52,161.24 points. The market’s weak performance was driven by losses in Tier 1 banking names, ZENITHBANK (-2.05%), GTCO (-2.44%),  and ACCESSCORP (-3.77%). The loss puts the index on track for a weekly loss. As a result, the ASI’s year-to-date (YTD) return fell to 1.78%, while the market capitalisation shed ₦26.04bn to close at ₦28.40trn. 

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 12.04%. A total of 477.37m shares valued at ₦5.24bn were exchanged in 5,539 deals. For the fifth consecutive session, ACCESSCORP (-3.77%) led volume and value charts with 169.32m units traded in deals worth ₦1.74bn.

Market breadth closed negative at a 1.20-to-1 ratio with declining issues outnumbering advancing ones. FCMB (-5.66%) topped seventeen (17) others on the laggard’s table, while ARDOVA (+10.00%) led fourteen (14) others on the leader’s log.

Find below key highlights of market activities

Dividend Information for 2023