Bearish sentiments dominated the market in the last trading session as the All-Share Index lost 1.23% to close at 98,751.98 points. Selloffs in BUACEMENT (-10.00%), MTNN (-9.96%) and FIDELITYBK (-3.85%) outweighed gains in GTCO (+5.30%), ZENITHBANK (+1.43%), and FBNH (+0.72%) keeping the market in the negative terrain. Accordingly, having lost in four (4) of five (5) trading sessions this week, the ASI closed 3.27% lower w/w, offsetting most of the gains of the prior week.
Over the course of the week, losses in BUACEMENT (-10.00% w/w) and MTNN (-18.91% w/w), NESTLE (-18.18% w/w), and outweighed buy interests in GTCO (+6.79% w/w), ZENITHBANK (+0.57% w/w) , and TRANSCORP (+10.10% w/w) driving the market’s negative performance. Consequently, the year-to-date (YTD) return on the index declined to 32.07%, while the market capitalisation lost ₦1.83tn w/w to close at ₦54.04tn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 22.01%. A total of 367.62m shares valued at ₦6.78bn were exchanged in 9,168 deals. TRANSCORP (+9.93%) led the volume chart with 57.00m units traded while ZENITHBANK (+1.43%) led the value chart in deals worth ₦913.43m.
Market breadth closed positive at a 5.50-to-1 ratio with advancing issues outnumbering the declining ones. FTNCOCOA (+10.00%) topped forty-three (43) others on the leader’s table while BUACEMENT (-10.00%) led seven (7) others on the laggard’s log.
| Find below key highlights of market activities. |
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 98,751.98 | -1.23 | 32.07 |
| Market Cap. (₦ ‘trillion) | 54.04 | -1.23 | 32.06 |
| Volume (millions) | 367.62 | -32.29 | |
| Value (₦ ‘billion) | 6.78 | -22.01 |
| Dividend Information for 2023 |
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| 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 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
Source: Coronation
