Finance

NGX All-Share Index posts rebound, gains 0.60%

Published

3 years ago

July 17, 2023

Opening the week, the local bourse rebounded by 0.60% to settle at 62,943.35 points. Investor interest in ZENITHBANK (+4.46%), GEREGU (+6.06%) and GTCO (+0.89%) were the primary drivers of the overall market’s strong performance offsetting losses in DANGCEM (-1.49%), NB (-5.13%) and DANGSUGAR(-3.10%). As a result, the year-to-date (YTD) return rose to 22.81%, while market capitalization gained ₦203.44bn to close at ₦34.27trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 56.66%. A total of 710.02m shares valued at ₦13.83bn were exchanged in 8,979 deals. STERLINGNG (+9.97%) led the volume chart with 65.95m units traded while DANGCEM (-1.49%) led the value chart in deals worth ₦7.49bn.

Market breadth closed positive at a 1.61 to-1 ratio with advancing issues outnumbering declining ones. FIDELITYBK (+10.00%) topped twenty-eight (28) others on the leader’s table, while UBN (-10.00%) led seventeen (17) others on the laggard’s log.

Find below key highlights of market activities

Indicators	Current	Change (%)	YTD
All-Share Index	62,943.35	0.60	22.81
Market Cap. (₦ ‘trillion)	34.27	0.60	22.78
Volume (millions)	710.02	18.24
Value (₦ ‘billion)	13.83	56.66

Dividend Information for 2023

Company	Dividend (Bonus)	Closure Date	Payment Date
BUACEMENT	₦2.80	14-Aug-23	24-Aug-23
FBNH	₦0.50	09-Aug-23	16-Aug-23
TOTAL	₦21.00	26-Apr-23	02-Jun-23
STANBIC	₦2.00	12-Apr-23	26-May-23
ACCESSCORP	₦1.30	09-May-23	24-May-23
NESTLE	₦36.50	24-Apr-23	18-May-23
GTCO	₦2.80	02-May-23	11-May-23
SEPLAT	$0.08	19-Apr-23	16-May-23
ZENITHBANK	₦2.90	17-Apr-23	02-May-23
WAPCO	₦2.00	11-Apr-23	28-Apr-23
UBA	₦0.90	17-Apr-23	27-Apr-23
NB	₦1.03	17-Mar-23	26-Apr-23
DANGCEM	₦20.00	31-Mar-23	24-Apr-23
MTNN	₦10.00	28-Mar-23	20-Apr-23
DANGSUGAR	₦1.50	27-Mar-23	15-Apr-23
GEREGU	₦8.00	28-Feb-23	29-Mar-23