Finance
NGX All-Share Index closes weak, down 6bps
Today, the local bourse pulled back slightly bringing the benchmark index down 6bps to close at 99,845.91 points. The bearish position was underscored by Tier-one banking names, GTCO (-3.92%), FBNH (-0.19%) and UBA (-0.22%) outweighing the gains in ZENITHBANK (+1.69%), TRANSCORP (+2.94%), and GUINNESS (+10.00%). Consequently, the market is on track for its fifth consecutive weekly loss. The year-to-date (YTD) return slipped to 33.53%, while the market capitalisation declined by ₦35.49bn to close at ₦56.47trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down 4.77%. A total of 285.91m shares valued at ₦5.54bn were exchanged in 7,726 deals. ACCESSCORP (-0.86%) led the volume chart with 43.98m units traded while GTCO (-3.92%) led the value charts in deals worth ₦1.14bn.
Market breadth closed negative at a 0.94-to-1 ratio with declining issues outnumbering the advancing ones. UCAP (-9.73%) topped sixteen (16) others on the laggard’s table while GUINNESS (+10.00%) led fifteen (15) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 99,845.91 | -0.06 | 33.53 |
| Market Cap. (₦ ‘trillion) | 56.47 | -0.06 | 38.01 |
| Volume (millions) | 285.91 | -11.39 | |
| Value (₦ ‘billion) | 5.54 | -4.77 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUA CEMENT | ₦2.00 | 12-Aug-24 | 29-Aug-24 |
| SEPLAT ENERGY | $0.03 | 29-Apr-24 | 29-May-24 |
| DANGCEM | ₦30.00 | 16-Apr-24 | 29-Apr-24 |
| ACCESSCORP | ₦1.80 | 11-Apr-24 | 19-Apr-24 |
| LAFAERGE | ₦1.90 | 2-Apr-24 | 16-Apr-24 |
| NGXGROUP | ₦0.75 | 27-Mar-24 | TBA |
| GEREGU | ₦8.00 | 28-Feb-24 | 28-Mar-24 |
| VITAFOAM | ₦1.56 | 13-Feb-24 | 7-Mar-24 |
| UBA | ₦0.50 (interim) | 27-Sep-23 | 6-Oct-23 |
| ZENITHBANK | ₦0.50 (interim) | 25-Sep-23 | 29-Sep-23 |
| STANBIC | N1.50 (interim) | 13-Sep-23 | 27-Sep-23 |
| GTCO | ₦0.50 (interim) | 15-Sep-23 | 25-Sep-23 |
| FIDELITYBK | N 0.25 (interim) | 15-Sep-23 | 22-Sep-23 |
| CUSTODIAN | ₦0.15 (interim) | 21-Aug-23 | 5-Sep-23 |
| MTNN | ₦5.60 (interim) | 17-Aug-23 | 24-Aug-23 |
| NGXGROUP | ₦0.25 | 31-Jul-23 | 31-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 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
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