Finance

NGX All-Share Index off to a strong start, up 1.63%

Published

2 years ago

January 2, 2024

In the first trading day of the year, the Nigerian equities opened on a bright note as the benchmark index gained 1.63% to close at 75,990.88 points. The positive performance was driven primarily by gains in telco heavy weight AIRTELAFRI (+5.99%), BUACEMENT (+5.15%), and ZENITHBANK (+0.91%). outweighing losses in GTCO (-0.99%), STANBIC (-8.11%), and INTBREW (-2.08%) As a result, year-to-date (YTD) return stood at 1.63% while market capitalisation gained ₦665.98bn to close at ₦41.58trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 56.53%. A total of 515.81m shares valued at ₦5.57bn were exchanged in 9,370 deals. MBENEFIT (+0.00%) led the volume chart with 101.63m units traded while AIRTELAFRI (+5.99%) led the value chart with deals worth ₦741.78m.
Market breadth closed positive at a 2.82-to-1 ratio with advancing issues outnumbering the declining ones. DAARCOMM (+10.00%) topped forty-seven (47) others on the leader’s table while MECURE (-10.00%) led sixteen (16) others on the laggard’s log.

Find below key highlights of market activities

Indicators	Current	Change (%)	YTD
All-Share Index	75,990.88	1.63	1.63
Market Cap. (₦ ‘trillion)	41.58	1.63	1.63
Volume (millions)	515.81	39.93
Value (₦ ‘billion)	5.57	-56.53

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