NGX All-Share Index tumbles, down 1.88%

For the fourth consecutive session, the domestic bourse sustained the losing streak, bringing down the benchmark Index by 1.88% to close at 53,018.97 points, the lowest point since 30 January. The decline puts the index on track for another week of loss. On market movers, the weak performance was driven by selloffs in index heavyweights, AIRTELAFRICA (-10.00%) offset gains in ZENITHBANK (+1.39%), GTCO  (+0.41%) and WAPCO (+0.78%) dragging down the market. As a result, the year-to-date (YTD) return fell to 3.45%, while the market capitalisation lost ₦553.71bn to close at ₦28.88trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 12.78%. A total of 197.33m shares valued at ₦2.67bn were exchanged in 3,506 deals. UBA (+0.00%) led the volume chart with 64.20m units traded, while AIRTELAFRICA (-10.00%) led the value chart in deals worth ₦536.80m.

Market breadth closed negative at a 1.10-to-1 ratio with declining issues outnumbering advancing ones. AIRTELAFRICA (-10.00%) topped ten (10) others on the laggard’s log, while WAPIC (+7.50%) led nine (9) others on the leader’s table.

Find below key highlights of market activities

Dividend Information for 2023