Home Finance NGX All-Share Index opens the week positive, gains 0.14%

NGX All-Share Index opens the week positive, gains 0.14%

by Business News Report

Opening the week, the local bourse rebounded by 0.14% to settle at 55,605.57 points. Investor interest in telco heavyweight, MTNN (+1.22%), alongside  WAPCO (+0.19%) and UBA (1.16%) kept the market in the positive territory, offsetting losses in ZENITHBANK (-1.13%), GTCO (-0.75%) and NB (-0.97%). Consequently, the year-to-date (YTD) return rose to 8.50%, while market capitalization gained ₦41.60bn to close at ₦30.29trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 6.72%. A total of 123.55m shares valued at ₦2.48bn were exchanged in 4,076 deals. TRANSCORP (-0.78%) led the volume chart with 11.80m units traded while GEREGU (+0.00%) led the value chart in deals worth ₦604.27m.

Market breadth closed negative at a 1.20-to-1 ratio with declining issues outnumbering advancing ones. FTNCOCOA (-6.67%) topped seventeen (17) others on the laggard’s log while JBERGER (+10.00%) led fourteen (14) others on the leader’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index55,605.570.148.50
Market Cap. (₦ ‘trillion)
Volume (millions)123.55-83.54
Value (₦ ‘billion)2.48-6.72

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
BUACEMENT₦2.80  (final)12-Jul-2320-Jul-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 Research

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