MON. 27 MARCH 2023-theGBJournal | Nigerian stocks extended its losing streak for the third consecutive session as the benchmark Index closed 2.08% weaker – the biggest single day decline in the month – to close at 53,750.77 points.
The market’s weak performance was driven by selloffs in Index heavyweights, AIRTELAFRI (-8.31%), MTNN (-1.27%) and SEPLAT (-4.17%). Consequently, the ASI’s year-to-date (YTD) return fell to 4.88%, while the market capitalization lost N621.99bn to close at N29.28trn.
Market activities showed trade turnover settling higher relative to the previous session, with the value of transactions up by 12.11%. A total of 100.88m shares valued at N4.34bn were exchanged in 3,279 deals.
GTCO (-0.40%) led the volume chart with 12.84m units traded, while MTNN (-1.27%) led the value chart in deals worth N1.93bn.
Market breadth closed negative at a 3.75-to-1 ratio with declining issues outnumbering advancing ones. UNITYBNK (-9.43%) topped fourteen others on the laggard’s table, while COURTVILLE (+6.67%) led three others on the leader’s table.
Dividend Information
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | N2.80 (final) | 11-Aug-23 | 24-Aug-23 |
| STANBIC | N2.00 (final) | 12-Apr-23 | 26-May-23 |
| NESTLE | N36.50 (final) | 28-Apr-23 | 18-May-23 |
| SEPLAT | $0.075 (final) | 19-Apr-23 | 10-May-23 |
| WAPCO | N2.00 (final) | 11-Apr-23 | 28-Apr-23 |
| NB | N1.03 (final) | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | N20.00 (final) | 31-Mar-23 | 24-Apr-23 |
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