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
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 71,025.16 | 0.02 | 38.38 |
| Market Cap. (₦ ‘trillion) | 39.06 | 0.02 | 39.92 |
| Volume (millions) | 483.85 | 62.72 | |
| Value (₦ ‘billion) | 4.38 | -28.93 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| 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 | ₦1.50 (interim) | 13-Sep-23 | 27-Sep-23 |
| GTCO | ₦0.50 (interim) | 15-Sep-23 | 25-Sep-23 |
| FIDELITYBK | ₦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 CENTS | 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-23a |
Source: Coronation
