Daily Market Wrap: NGX All-Share Index Gains 0.23% 08 November 2023

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The Nigerian equities maintained the positive momentum as the benchmark index closed 0.23% stronger to settle at 70,773.31 points. 

Buying Interests in BUACEMENT (+1.90%), GTC0 (+0.28%) and UBA (+1.47%) outweighed losses in ZENITHBANK (-0.30%), TRANSCORP (-0.32%) and FIDELITYBK (-3.19%) keeping the market in the green.

Consequently, the ASI's year-to-date (YTD) return increased to 38.09%, while the market capitalization gained ₦87.79bn to close at ₦38.89trn.

Analysis of today's market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 79.88%.

A total of 558.34m shares valued at ₦9.79bn were exchanged in 6,401 deals. FBNH (+0.52%) led volume and value charts with 209.90m units traded in deals worth ₦4.04bn.

Market breadth closed negative at a 1.06-to-1 ratio with declining issues outnumbering advancing ones. UPDC (-8.26%) led eighteen (18) others on the laggard’s log while JAPAULGOLD (+9.87%) topped seventeen (17) others on the leader's table.

Find below key highlights of market activities.

Indicators

Current     

Change (%)

YTD

All-Share Index

70,773.31

+0.23

+38.09

Market Cap. (₦ 'trillion)

38.89

+0.23

+39.30

Volume (millions)

558.34

+24.27

 

Value (₦ 'billion)

9.79

+79.88

 

 

Dividend Information for 2023

Company 

Dividend (Bonus)

Closure Date

Payment Date

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

Source: Coronation Asset Management