Home Finance NGX All-Share Index extends losses by 0.12%

NGX All-Share Index extends losses by 0.12%

by Business News Report

The bears continued to dominate the Lagos bourse as the benchmark index gave up 0.12% to close at 55,722.90 points. Sell pressures in GTCO (-3.08%), WAPCO(-1.92%) and ACCESSSCORP (-0.55%) were the primary drivers of the drag on the overall market’s performance. Consequently, the year-to-date (YTD) return dipped to 8.73%, while the market capitalization shed ₦35.67bn to close at ₦30.36trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 10.47%. A total of 199.27m shares valued at ₦2.81bn were exchanged in 3,898 deals. STERLNBANK (+3.42%) led the volume chart with 31.09m units traded in deals while AIRTELAFRI (+0.00%) led the value chart with ₦678.00m.

Market breadth closed negative at a 2.14-to-1 ratio, with declining issues outnumbering advancing ones. CHAMS (-8.00%) topped fourteen (14) others on the laggard’s log, while FTNCOCOA (+7.69%) led six (6) others on the leader’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index55,722.90-0.128.85
Market Cap. (₦ ‘trillion)30.39-0.128.87
Volume (millions)179.03-35.14
Value (₦ ‘billion)2.55-70.36

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
BUACEMENT₦2.80  (final)11-Aug-2324-Aug-23
NESTLE₦36.50  (final)28-Apr-2318-May-23
SEPLAT$0.075 (final)19-Apr-2310-May-23
WAPCON2.00 (final)11-Apr-2328-Apr-23
NBN1.03 (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

Source: Coronation

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