NGX All-Share Index Ends The Week Negative, Down 0.48%

In the last trading session of the week, the NGX All-Share Index settled 0.10% higher at 52,214.62 points. Renewed interests in Tier 1 banking names ZENITHBANK (+0.42%), GTCO (+1.04%) and STANBIC (+0.27%) pushed the broader index into the positive terrain. Nonetheless, having lost in two (2) of five (5) trading sessions this week, the ASI closed 0.48% lower w/w.

Selloffs in BUACEMENT (-8.02% w/w), ZENITHBANK (-0.21% w/w) and ACCESSCORP (-12.00 w/w) were the major drags on the overall market, negating upticks in BUAFOODS (+2.63% w/w), MTNN (+0.04% w/w) and STANBIC (+1.62% w/w). Consequently, the year-to-date (YTD) return fell to 1.88%, while the market capitalization shed ₦137.02bn w/w to close at ₦28.43trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 109.53%. A total of 1.42bn shares valued at ₦10.98bn were exchanged in 5,527 deals. FIDELITYBK (+1.20%) led volume and value charts with 942.77m units traded in deals worth ₦5.52bn.

Market breadth closed positive at a 2.60-to-1 ratio with advancing issues outnumbering declining ones. ACADEMY (+9.87%) led twenty-five (25) others on the leader’s log while, COURTVILLE (-6.52%) topped nine (9) others on the laggard’s table.

Find below key highlights of market activities

Indicators	Current	Change (%)	YTD
All-Share Index	52,214.62	0.10	1.88
Market Cap. (₦ ‘trillion)	28.43	0.10	1.85
Volume (millions)	1,417.51	196.94
Value (₦ ‘billion)	10.98	109.53

Dividend Information for 2023

Company	Dividend (Bonus)	Closure Date	Payment Date
BUACEMENT	₦2.80	14-Aug-23	24-Aug-23
TOTAL	₦21.00	26-Apr-23	2-Jun-23
STANBIC	₦2.00	12-Apr-23	26-May-23
ACCESSCORP	₦1.30	10-May-23	24-May-23
NESTLE	₦36.50	24-Apr-23	18-May-23
GTCO	₦2.80	2-May-23	11-May-23
SEPLAT	$0.075 (final)	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