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NGX All-Share Index opens week on a weak note, slips by 7bps driven by profit taking in NB, WAPCO and ACCESSCORP

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MON, 04 JULY, 2022-theGBJournal| Nigerian equities opened the week on a weak note, reversing last session gains as the All-Share Index was 0.07% weaker to close at 51,791.45 points.

The market’s performance was primarily driven by profit-taking in NB (-5.02%), WAPCO (-1.51%) and ACCESSCORP (-1.06%) which outweighed gains in MTNN (+0.13), ZENITHBANK (+1.14%), and UBA (+0.68%). Consequently, the year-to-date (YTD) return fell to 21.24%, while the market capitalization shed N20.61bn to close at N27.92trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions advancing by 65.33%. A total of 194.12m units of shares valued at N2.82bn were exchanged in 4,899 deals. TRANSCORP (+0.00%), led the volume chart with 25.07m units traded, while MTNN (+0.13%) led the value chart in deals worth N799.90m.

Market breadth closed negative at a 1.06-to-1 ratio with declining issues outnumbering advancing ones. CONOIL (-9.90%) led seventeen (17) others on the laggard’s table, while FIDSON (+9.82%) topped sixteen (16) others on the gainer’s log.

Dividend Information for 2022

Company  Dividend (Bonus) Closure Date Payment Date
BUAFOODS N3.50 14-Jul-22 4-Aug-22
AIRTELAFRI $0.03 (final) 23-Jun-22 22-Jul-22
BUACEMENT N2.60 15-Jul-22 21-Jul-22
FBNH N0.35 14-Jun-22 21-Jun-22
NESTLE N25.50  3-Jun-22 30-Jun-22
TOTAL N18.20 (final) 29-Apr-22 17-Jun-22
DANGSUGAR N1.00 2-Jun-22 15-Jun-22
DANGCEM N20.00 31-May-22 15-Jun-22
SEPLAT $0.025 (final) 6-May-22 25-May-22
ACCESSCORP N0.70 (final) 20-Apr-22 28-Apr-22
MTNN N8.57(final) 7-Apr-22 28-Apr-22
STANBIC N2.00 13-Apr-22 27-Apr-22
NB N1.20 (final) 16-Mar-22 22-Apr-22
WAPCO N1.00 (final) 8-Apr-22 21-Apr-22
GTCO N2.70 (final) 24-Mar-22 8-Apr-22
UBA N0.80 (final) 21-Mar-22 7-Apr-22
ZENITHBANK N2.80 (final) 28-Mar-22 6-Apr-22

Twitter-@theGBJournal| Facebook-The Government and Business Journal|email: gbj@govbusinessjournal.ng|govandbusinessj@gmail.com

Access Pensions, Future Shaping
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