Today, the benchmark index of the local market declined by 0.27% to close at 103,437.67 points. Selloffs of MTNN (-0.87%), GTCO (-2.04%), and ZENITHBANK (-1.62%) outweighed gains in DANGSUGAR (+5.36%), OKOMUOIL (+1.65%), and STERLINGNG (+1.95%), keeping the market in the red. Accordingly, having lost in the four trading sessions this week, the ASI closed 1.08% w/w lower. Over the course of the week, losses in MTNN (-2.16% w/w), GTCO (-8.57% w/w), and ZENITHBANK (-4.49% w/w), outweighed buy interests in DANGSUGAR (+13.46% w/w), OKOMUOIL (+1.65% w/w) , and ETI (+6.12% w/w) driving the market’s negative performance. Consequently, the year-to-date (YTD) return on the index slipped to 38.33%, while the market capitalization lost ₦622.93tn w/w to close at ₦58.50tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 19.75%. A total of 2.24bn shares valued at ₦18.73bn were exchanged in 8,527 deals. ABBEYBDS (+4.53%) led the volume chart with 1.40m units traded while ZENITHBANK (-1.62%) led the value chart in deals worth ₦3.66bn.
Market breadth closed negative at a 0.55-to-1 ratio with declining issues outnumbering the advancing ones. CWG (-10.00%) topped twenty-eight (28) others on the laggard’s table while CUTIX (+10.00%) led fifteen (15) others on the leader’s log.
Find below key highlights of market activities.
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 103,437.67 | -0.29 | 38.33 |
| Market Cap. (₦ ‘trillion) | 58.50 | -0.27 | 42.96 |
| Volume (millions) | 2,241.49 | 359.58 | |
| Value (₦ ‘billion) | 18.73 | 19.75 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUA CEMENT | ₦2.00 | 12-Aug-24 | 29-Aug-24 |
| SEPLAT ENERGY | $0.03 | 29-Apr-24 | 29-May-24 |
| DANGCEM | ₦30.00 | 16-Apr-24 | 29-Apr-24 |
| ACCESSCORP | ₦1.80 | 11-Apr-24 | 19-Apr-24 |
| LAFAERGE | ₦1.90 | 2-Apr-24 | 16-Apr-24 |
| NGXGROUP | ₦0.75 | 27-Mar-24 | TBA |
| GEREGU | ₦8.00 | 28-Feb-24 | 28-Mar-24 |
| VITAFOAM | ₦1.56 | 13-Feb-24 | 7-Mar-24 |
| 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 |
| MTNN | ₦5.60 (interim) | 17-Aug-23 | 24-Aug-23 |
| NGXGROUP | ₦0.25 | 31-Jul-23 | 31-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 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
