Bullish sentiments dominated the market in the last trading session as the All-Share Index gained 0.25% to close at 104,647.37 points. Gains in Tier-1 banks namely, GTCO (+3.28%), ZENITHBANK (+1.27%) and FBNH (+2.25%) outweighed losses in NB (-3.45%), NASCON (-0.85%), and STERLINGNG (-0.58%) keeping the market in the positive terrain. Accordingly, having lost in three (3) of five (5) trading sessions this week, the ASI closed 0.42% lower w/w.
Over the course of the week, losses in MTNN (-12.25% w/w) and DANGSUGAR (-3.67% w/w), and TRANSCORP (-0.32% w/w), outweighed buy interests in FBNH (+4.46% w/w), UBA (+11.11% w/w) , and ACCESSCORP (+4.35% w/w) driving the market’s negative performance. Consequently, the year-to-date (YTD) return on the index slipped to 39.95%, while the market capitalization lost ₦247.57tn w/w to close at ₦59.17tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions dup by 53.32%. A total of 505.19m shares valued at ₦14.24bn were exchanged in 9,574 deals. ACCESSCORP (+1.69%) led the volume chart with 75.78m units traded while GTCO (+3.28%) led the value chart in deals worth ₦3.12bn.
Market breadth closed positive at a 2.21-to-1 ratio with advancing issues outnumbering the declining ones. NSLTECH (+10.00%) topped thirty (30) others on the leader’s table while PZ (-10.00%) led thirteen (13) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 104,647.37 | 0.25 | 39.95 |
| Market Cap. (₦ ‘trillion) | 59.17 | 0.25 | 44.60 |
| Volume (millions) | 505.19 | 49.99 | |
| Value (₦ ‘billion) | 14.24 | 53.32 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| GEREGU | ₦8.00 | 28-Feb-24 | 28-Mar-24 |
| VITAFOAM | ₦1.56 | 13-Feb-24 | 7-Mar-24 |
| SEPLAT ENERGY | $0.03 (Q3 INTERIM) | 13-Nov-23 | 24-Nov-23 |
| 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 |
