TUE, 23 AUG, 2022-theGBJournal| Extending its losing streak for the fifth successive session, the domestic bourse ended lower as the benchmark Index tumbled by 1.58% – the biggest single-day loss in two weeks – to settle at 48,567.14 points, the lowest point since 25 April.
Bearish sentiment in index heavyweights, BUAFOODS (-9.92%), DANGCEM (-5.33%), BUACEMENT (-4.64%), SEPLAT (-8.44%) and GTCO (-0.25%) drove the market’s weak performance. Consequently, the year-to-date (YTD) return fell to 13.70%, with market capitalisation losing N420.32bn to close at N26.20trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 144.64%. A total of 204.15m shares valued at N3.18bn were exchanged in 3,533 deals. ZENITHBANK (+0.00%) led the volume chart with 25.20m units traded, while DANGCEM (-5.33%) led the value chart in deals worth N665.74m.
Market breadth closed negative at a 2.50-to-1 ratio, with declining issues outnumbering advancing ones. BUAFOODS (-9.92%) topped nineteen (19) others on the laggard’s log, while NEM (+10.00%) led seven (7) others on the leader’s table.
Highlights of market activities.
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 48,567.14 | -1.58 | +13.70 |
| Market Cap. (N ‘trillion) | 26.20 | -1.58 | +17.49 |
| Volume (millions) | 204.15 | +66.34 | |
| Value (N ‘billion) | 3.18 | +144.64 |
Dividend Information for 2022
| CUSTODIAN | Dividend (Bonus) | Closure Date | Payment Date |
| SEPLAT | $0.025 (interim) | 15-Aug-22 | 09-Sep-22 |
| CUSTODIAN | N0.10 (interim) | 26-Aug-22 | 01-Sep-22 |
| OKOMU OIL | N7.00 (interim) | 26-Aug-22 | 29-Aug-22 |
| MTNN | N5.60 (interim) | 19-Aug-22 | 26-Aug-22 |
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