Home Finance NGX All-Share Index posts biggest single-day loss in the month, loses 2.08%

NGX All-Share Index posts biggest single-day loss in the month, loses 2.08%

by Business News Report

Opening the week, the Lagos stock market extended its losing streak for the third consecutive session as the benchmark Index closed 2.08% weaker – the biggest single day decline in the month – to close at 53,750.77 points. The market’s weak performance was driven by selloffs in Index heavyweights, AIRTELAFRI (-8.31%), MTNN (-1.27%) and SEPLAT (-4.17%). Consequently, the ASI’s year-to-date (YTD) return fell to 4.88%, while the market capitalisation lost ₦621.99bn to close at ₦29.28trn. 

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 12.11%. A total of 100.88m shares valued at ₦4.34bn were exchanged in 3,279 deals. GTCO (-0.40%) led the volume chart with 12.84m units traded, while MTNN (-1.27%) led the value chart in deals worth ₦1.93bn.

Market breadth closed negative at a 3.75-to-1 ratio with declining issues outnumbering advancing ones. UNITYBNK (-9.43%) topped fourteen (14) others on the laggard’s table, while COURTVILLE (+6.67%) led three (3) others on the leader’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index53,750.77-2.084.88
Market Cap. (₦ ‘trillion)29.28-2.084.89
Volume (millions)100.88-26.66
Value (₦ ‘billion)4.3412.11

Dividend Information for 2023

CompanyDividend (Bonus)Closure DatePayment Date
BUACEMENT₦2.80  (final)11-Aug-2324-Aug-23
STANBIC₦2.00  (final)12-Apr-2326-May-23
NESTLE₦36.50  (final)28-Apr-2318-May-23
SEPLAT$0.075 (final)19-Apr-2310-May-23
WAPCO₦2.00 (final)11-Apr-2328-Apr-23
NB₦1.03 (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

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