Finance

NGX All-Share Index extends losses by 0.12%

Published

3 years ago

March 14, 2023

The bears continued to dominate the Lagos bourse as the benchmark index gave up 0.12% to close at 55,722.90 points. Sell pressures in GTCO (-3.08%), WAPCO(-1.92%) and ACCESSSCORP (-0.55%) were the primary drivers of the drag on the overall market’s performance. Consequently, the year-to-date (YTD) return dipped to 8.73%, while the market capitalization shed ₦35.67bn to close at ₦30.36trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 10.47%. A total of 199.27m shares valued at ₦2.81bn were exchanged in 3,898 deals. STERLNBANK (+3.42%) led the volume chart with 31.09m units traded in deals while AIRTELAFRI (+0.00%) led the value chart with ₦678.00m.

Market breadth closed negative at a 2.14-to-1 ratio, with declining issues outnumbering advancing ones. CHAMS (-8.00%) topped fourteen (14) others on the laggard’s log, while FTNCOCOA (+7.69%) led six (6) others on the leader’s table.

Find below key highlights of market activities

Indicators	Current	Change (%)	YTD
All-Share Index	55,722.90	-0.12	8.85
Market Cap. (₦ ‘trillion)	30.39	-0.12	8.87
Volume (millions)	179.03	-35.14
Value (₦ ‘billion)	2.55	-70.36

Dividend Information for 2023

Company	Dividend (Bonus)	Closure Date	Payment Date
BUACEMENT	₦2.80 (final)	11-Aug-23	24-Aug-23
NESTLE	₦36.50 (final)	28-Apr-23	18-May-23
SEPLAT	$0.075 (final)	19-Apr-23	10-May-23
WAPCO	N2.00 (final)	11-Apr-23	28-Apr-23
NB	N1.03 (final)	17-Mar-23	26-Apr-23
DANGCEM	₦20.00 (final)	31-Mar-23	24-Apr-23
MTNN	₦10.00 (final)	28-Mar-23	20-Apr-23
DANGSUGAR	₦1.50 (final)	27-Mar-23	15-Apr-23
GEREGU	₦8.00 (final)	28-Feb-23	29-Mar-23