Finance

Access Holdings Plc obtains CBN’s approval-in-principle to establish consumer lending, NGX All-Share Index sustains gains, up 238bps

Published

2 years ago

January 17, 2024

Access Holdings Plc obtains the CBN’s approval-in-principle to establish a consumer lending subsidiary to be known as Oxygen X Finance Company Limited. The purpose subsidiary will provide innovative and seamless digital lending solutions to address distinct challenges faced by individuals and businesses. The Local bourse sustained gains bringing the benchmark index up 2.38% to settle at 90,063.27 points. Sustained buy interests in industrial heavyweights namely, DANGCEM (+9.86%), BUACEM (+9.99%) alongside GEREGU (+9.94%) kept the market strong in the green, outweighing selloffs in ZENITHBANK (-1.42%), GTCO (-1.80%) and DANGSUGAR (-9.95%). As a result, the year-to-date (YTD) return rose to 20.45%, while market capitalisation gained ₦1.14trn to close at ₦49.28trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 3.89%. A total of 1.30bn shares valued at ₦16.38bn were exchanged in 17,471 deals. STERLINGNG (-9.09%) led the volume chart with 106.14m units traded while NB (+1.82%) led the value chart with deals worth ₦2.02bn.

Market breadth closed positive at a 1.26-to-1 ratio with advancing issues outnumbering the declining ones. GUINNESS (+10.00%) topped forty-three (43) others on the leader’s table while RTBRISCOE (-10.00%) led thirty-four (34) others on the laggard’s log.

Find below key highlights of market activities

Indicators	Current	Change (%)	YTD
All-Share Index	90,063.27	2.38	20.45
Market Cap. (₦ ‘trillion)	49.28	2.38	20.45
Volume (millions)	1,298.22	21.69
Value (₦ ‘billion)	16.38	3.89

Dividend Information for 2023

Company	Dividend (Bonus)	Closure Date	Payment Date
SEPLAT ENERGY	$0.03 (Q3 interim)	13-Nov-23	24-Nov-23
ACCESSCORP	₦0.30 (interim)	6-Oct-23	19-Oct-23
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
SEPLAT ENERGY	3 US CENTS (interim)	18-Aug-23	30-Aug-23
MTNN	₦5.60 (interim)	17-Aug-23	24-Aug-23
NGXGROUP	₦0.25	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
NESTLE	₦36.50	24-Apr-23	18-May-23
WAPCO	₦2.00	11-Apr-23	28-Apr-23
NB	₦1.03	17-Mar-23	26-Apr-23
DANGCEM	₦20.00	31-Mar-23	24-Apr-23
DANGSUGAR	₦1.50	27-Mar-23	15-Apr-23
GEREGU	₦8.00	28-Feb-23	29-Mar-23