Opening the week, the Lagos bourse sustained its losing streak as the All-Share Index shed 0.66% to close at 66,882.64 points. The market’s weak performance was driven by selloffs in telco heavyweight MTNN (-1.67%) alongside, ZENITHBANK (-1.54%) and GTCO (-0.42%). As a result, the ASI’s year-to-date (YTD) return fell to 30.50%, while the market capitalisation lost ₦241.88 billion to close at ₦36.61 trillion.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 24.96%. A total of 408.19m shares valued at 5.44 billion were exchanged in 7,707 deals. ACCESSCORP (-9.86%) led the volume and value charts with 113.39 million units traded in deals worth ₦1.78 billion.
Market breadth closed negative at a 2.64-to-1 ratio with declining issues outnumbering advancing ones. ACCESSCORP (-9.86%) led twenty-eight (28) others on the laggard’s log while CORNERST (+9.49%) topped ten (10) others on the leader’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||36.61||-0.66||31.13|
|Value (₦ ‘billion)||5.44||24.96|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|FIDELITYBK||N 0.25 (interim)||15-Sep-23||22-Sep-23|
|SEPLAT ENERGY||3 US CENTS (interim)||18-Aug-23||30-Aug-23|