NGX All-Share Index slips by 4bps

Today, the bears dominated the domestic bourse as the NGX All-Share Index (ASI) slipped by 0.04% to settle at 65,309.65 points. The market’s weak performance was primarily driven by selloffs in GEREGU (-6.38%), WAPCO (-0.89%) and DANGSUGAR (-2.94%). As a result, the ASI’s year-to-date (YTD) return fell to 27.43% while the market capitalization lost ₦14.72bn to close at ₦35.54trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 14.91%. A total of 317.81m shares valued at ₦4.47bn were exchanged in 6,376 deals. ACCESSCORP  (+1.16%) led volume and value charts with 49.36m units in deals worth ₦861.16m.

Market breadth closed positive at 1.17-to-1 ratio with advancing issues outnumbering declining ones. GUINNESS (+10.00%) topped twenty (20) others on the leader’s table while MBENEFIT (-7.69%) led seventeen (17) others on the leader’s table.

Find below key highlights of market activities

Indicators	Current	Change (%)	YTD
All-Share Index	65,309.65	-0.04	27.43
Market Cap. (₦ ‘trillion)	35.54	-0.04	27.32
Volume (millions)	317.81	-4.94
Value (₦ ‘billion)	4.47	14.91

Dividend Information for 2023

Company	Dividend (Bonus)	Closure Date	Payment Date
NGXGROUP	₦0.50	31-Jul-23	31-Aug-23
BUACEMENT	₦2.80	14-Aug-23	24-Aug-23
FBNH	₦0.50	9-Aug-23	16-Aug-23
AIRTELAFRI	3.27	22-Jun-23	26-Jul-23
TOTAL	₦21.00	26-Apr-23	2-Jun-23
STANBIC	₦2.00	12-Apr-23	26-May-23
ACCESSCORP	₦1.30	9-May-23	24-May-23
NESTLE	₦36.50	24-Apr-23	18-May-23
GTCO	₦2.80	2-May-23	11-May-23
SEPLAT	$0.08	19-Apr-23	16-May-23
ZENITHBANK	₦2.90	17-Apr-23	2-May-23
WAPCO	₦2.00	11-Apr-23	28-Apr-23
UBA	₦0.90	17-Apr-23	27-Apr-23
NB	₦1.03	17-Mar-23	26-Apr-23
DANGCEM	₦20.00	31-Mar-23	24-Apr-23
MTNN	₦10.00	28-Mar-23	20-Apr-23
DANGSUGAR	₦1.50	27-Mar-23	15-Apr-23
GEREGU	₦8.00	28-Feb-23	29-Mar-23

Source: Coronation