Home Companies&Markets Year-to-date return slips to 8.49% as Nigerian equity market closes flat

Year-to-date return slips to 8.49% as Nigerian equity market closes flat

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TUE. 07 MARCH 2023-theGBJournal | Nigerian equity market traded flat Tuesday as the benchmark index closed at 55,603.94 points.

Investor interests in DANGCEM (+0.72%) were offset by selloffs in ZENITHBANK (-1.33%) and GTCO (-0.38%). Consequently, the year-to-date (YTD) slipped to 8.49%, while the market capitalization lost N889.07 million to close at N30.29trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 0.31%. A total of 159.46m shares valued at N2.48bn were exchanged in 4,187 deals.

TRANSCORP (+0.00%) led the volume chart with 14.42m units traded while ZENITHBANK (-1.33%) led the value chart in deals worth N344.88m.

Market breadth closed negative at a 1.67-to-1 ratio with declining issues outnumbering advancing ones. CUTIX (-9.09%) topped fourteen others on the laggard’s log while UACN (+7.60%) led eight others on the leader’s table.

Indicators Current      Change (%) YTD
All-Share Index 55,603.94 +0.00 +8.49
Market Cap. (N ‘trillion) 30.29 +0.00 +8.51
Volume (millions) 159.46 +29.07  
Value (N ‘billion) 2.48 -0.31  

Dividend Information for 2023

Company  Dividend (Bonus) Closure Date Payment Date
BUACEMENT N2.80  (final) 12-Jul-23 20-Jul-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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