Finance

NGX All-Share Index closes weak, down 6bps

Published

2 years ago

April 18, 2024

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