Activity on the domestic bourse was mixed, albeit with a bullish tilt as the benchmark index closed marginally higher (+0.02%) at 71,025.16 points. Gains in MTNN (+0.21%), NB (+5.26%), and FLOURMILL (+0.31%) offset the declines in ZENITHBANK (-0.74%), DANGSUGAR (-0.16%) and UBA (-0.48%). Subsequently, the market remains on track for a weekly gain. The year-to-date (YTD) return rose to 38.58%, while the market capitalisation rose by ₦5.95bn to close at ₦39.06trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 28.93%. A total of 483.85m shares valued at ₦4.38bn were exchanged in 6,545 deals. REGALINS (-2.78%) led the volume chart with 104.34m units while OANDO (+1.30%) led the value chart in deals worth ₦676.64m.
Market breadth closed negative at a 1.62-to-1 ratio with declining issues outnumbering advancing ones. UPDC (-6.50%) led twenty (20) others on the laggard’s log while UNITYBNK (+9.18%) topped twelve (12) others on the leader’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||39.06||0.02||39.92|
|Value (₦ ‘billion)||4.38||-28.93|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|SEPLAT ENERGY||3 US CENTS (interim)||18-Aug-23||30-Aug-23|