NGX All-Share Index Extends Losses By 1.10%

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Nigerian Exchange NGXNigerian equities extended losses to open the week as the All-Share Index closed 1.10% weaker to settle at 64,337.52. Sustained selloffs in telco heavyweight MTNN (-3.68%) and Tier-1 banks, ZENITHBANK (-0.29%) and GTCO (-1.08%) were the primary drivers of the market decline. As a result, the ASI’s year-to-date (YTD) return fell to 25.53%, while the market capitalization lost ₦591.20bn to close at ₦35.01trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 11.12%. A total of 673.42m shares valued at ₦6.47bn were exchanged in 9,788 deals. FIDELITYBK (+1.18%) led the volume chart with 58.59m units traded while MTNN (-3.68%) led the value chart in deals worth ₦1.01bn

Market breadth closed negative at a 3.08-to-1 ratio with declining issues outnumbering advancing ones. DANGSUGAR (-10.00%) topped thirty-six (36) others on the laggard’s log, while MANSARD (+10.00%) led eleven (11) others on the leader’s table.

Find below key highlights of market activities.

Indicators Current      Change (%) YTD
All-Share Index 64,377.52 -1.10 +25.53
Market Cap. (₦ ‘trillion) 35.01 -1.10 +25.42
Volume (millions) 673.42 +46.47  
Value (₦ ‘billion) 6.47 +21.12  


Dividend Information for 2023


Company  Dividend (Bonus) Closure Date Payment Date
NGXGROUP ₦0.50 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
STANBIC ₦2.00 12-Apr-23 26-May-23
ACCESSCORP ₦1.30 9-May-23 24-May-23
NESTLE ₦36.50 24-Apr-23 18-May-23
GTCO ₦2.80 2-May-23 11-May-23
SEPLAT $0.08 19-Apr-23 16-May-23
ZENITHBANK ₦2.90 17-Apr-23 2-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


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