To close the holiday shortened week, the All-Share index of the local bourse slipped further by 0.71% to 102,314.56. Bearish sentiment continued to prevail in some banking stocks like GTCO (-10.00%), FBNH (-6.71%), and ZENITHBANK (-3.73%) outweighing the demands in UBA (+4.57%), TRANSCORP (+9.93%), and FIDELITYBK (+7.53%). Having lost in the two trading sessions this week, the ASI closed 1.09% w/w lower.
Over the course of the week, losses in GTCO (-13.75% w/w), FBNH (-11.15% w/w), and ZENITHBANK (-5.88% w/w), outweighed buy interests in TRANSCORP (+10.33% w/w), FIDELITYBK (+3.09% w/w) , and STERLINGNG (+1.70% w/w) driving the market’s negative performance. Consequently, the year-to-date (YTD) return on the index slipped to 36.83%, while the market capitalisation lost ₦632.95tn w/w to close at ₦57.86tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 569.96%. A total of 734.04bn shares valued at ₦21.59bn were exchanged in 12,491 deals. UBA (+4.57%) led the volume and value chart with 148.88m units traded in deals worth ₦4.01bn.
Market breadth closed negative at a 0.34-to-1 ratio with declining issues outnumbering the advancing ones. GTCO (-10.00%) topped thirty-four (34) others on the laggard’s table while TRANSCORP (+9.93%) led eleven (11) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 102,314.56 | -0.71 | 36.83 |
| Market Cap. (₦ ‘trillion) | 57.86 | -0.71 | 41.42 |
| Volume (millions) | 734.04 | 198.57 | |
| Value (₦ ‘billion) | 21.59 | 569.96 |
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 |
