Bearish sentiment drove the domestic bourse today as the NGX All-Share Index closed 0.09% lower to settle at 52,612.55 points. Gains in DANGCEM (+0.72%), ACCESSCORP (+1.12%) and UBA (+2.47%) were eroded by losses in ZENITHBANK (-0.41%), GTCO (-0.41%) and NB (-9.90%). Consequently, the year-to-date (YTD) return fell to 2.66%, while the market capitalization shed ₦24.59bn to close at ₦28.66trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 171.53%. A total of 182.40m shares valued at ₦4.82bn were exchanged in 3,470 deals. GEREGU (-4.04%) led the volume and value charts with 23.84m units traded in deals worth ₦3.20bn.
Market breadth closed positive at a 1.36-to-1 ratio with advancing issues outnumbering declining ones. MBENEFIT (+10.00%) topped fourteen (14) others on the gainer’s table, while NB (-9.90%) led ten (10) others on the laggard’s log.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||28.66||-0.09||2.66|
|Value (₦ ‘billion)||4.82||171.53|
Dividend Information for 2022
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|OKOMU OIL||₦7.00 (interim)||26-Aug-22||29-Aug-22|
Source: Coronation Securities