Finance

NGX All-Share Index snaps winning streak, loses 2.47%

Published

3 years ago

July 12, 2023

The domestic bourse succumbed to sell pressure as the All-Share Index shed 2.47% to close at 64,046.93 points, ending its five-day winning streak. Selloffs in index heavyweight, DANGCEM (-9.62%) alongside NESTLE (-1.34%) and ACCESSCORP (-4.16%) underpinned the market’s weak performance despite the recovery in ZENITHBANK (+0.73%) and GTCO (+0.28%). Consequently, the year-to-date (YTD) return fell to 24.97%, while market capitalization lost ₦883.39bn to close at ₦34.87trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 34.87%. A total of 1.16bn shares valued at ₦12.69bn were exchanged in 13,878 deals. UBA (-0.70%) led the volume and value charts with 177.79m units traded in deals worth ₦2.44bn.

Market breadth closed negative at a 9.40 to-1 ratio with declining issues outnumbering advancing ones. FBNH (-10.00%) topped forty-six (46) others on the laggard’s table, while COURTVILLE (+10.00%) led four (4) others on the leader’s log.

Find below key highlights of market activities

Indicators	Current	Change (%)	YTD
All-Share Index	64,046.93	-2.47	24.97
Market Cap. (₦ ‘trillion)	34.87	-2.47	24.93
Volume (millions)	1,163.23	37.71
Value (₦ ‘billion)	12.69	34.87

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