NGX All-Share Index extends decline, down 0.31%

Nigerian equities extended losses for the second consecutive session as the All-Share Index closed 0.31% weaker to close at 65,482.91 points. On market movers, the weak performance was driven by selloffs in tier-1 banking names, ZENITHBANK (-0.85%), GTCO (-3.10%), and FBNH (-4.39%) contributed to keep the broader index in the red. Accordingly, the market remains on for a week of gain.  As a result, the year-to-date (YTD) return fell to 27.77%, with the market capitalisation down by ₦111.15 billion to close at ₦35.63 trillion. 

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 32.87%. A total of 509.25m shares valued at ₦4.80 billion were exchanged in 8,070 deals. JAPAULGOLD (-9.91%) led the volume chart with 115.70m units traded while UBA  (0.00%) led the value chart in deals worth ₦595.92m.

Market breadth closed negative at a 2.83-to-1 ratio with declining issues outnumbering advancing ones. JAPAULGOLD (-9.91%) topped thirty-three (33) others on the laggard’s log, while LASACO (+10.00%) led eleven (11) others on the leader’s table.

Find below key highlights of market activities

Dividend Information for 2023