NGX All-Share Index opens week with losses, down 0.19%

To open the week, the local bourse extended losses of the previous session as the All-Share Index closed 19bps lower to settle at 97,962.24 points. Selloff in ZENITHBANK (-3.99%), GTCO (-0.30%) and DANGSUGAR (-10.00%) outweighed gains in FBNH (+9.83%), UBA (+1.09%) and ACCESSCORP (+2.11%) leading to the market’s decline. The ASI year-to-date (YTD) return fell to 31.01%, while the market capitalisation lost ₦107.70bn to close at ₦55.40trn. 
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 1.20%. A total of 277.24m shares valued at ₦5.08bn were exchanged in 8,714 deals. UBA (+1.09%) led the volume and value chart with 34.56m units traded in deals worth ₦799.45m.
Market breadth closed positive at a 1.26-to-1 ratio with advancing issues outnumbering the declining ones. STERLINGNG (+9.95%) topped twenty-three (23) others on the leader’s table while DANGSUGAR (-10.00%) led eighteen (18) others on the laggard’s log.

Dividend Information for 2024