Finance

NGX All-Share Index extends decline, down 0.31%

Published

3 years ago

July 27, 2023

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

Indicators	Current	Change (%)	YTD
All-Share Index	65,482.91	-0.31	27.77
Market Cap. (₦ ‘trillion)	35.63	-0.31	27.65
Volume (millions)	509.25	1.76
Value (₦ ‘billion)	4.80	-32.87

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