Activity on the Lagos bourse was mixed, albeit with a bullish tilt as the benchmark index closed marginally higher (+0.02%) at 54,520.20 points. Gains in ZENITHBANK (+0.59%), GTCO (+0.20%) and NB (+1.23%) offset the declines in WAPCO (-2.44%) and FBNH (-0.43%). Subsequently, the market remains on track for a weekly gain. The year-to-date (YTD) return rose to 6.38%, while the market capitalisation rose by ₦7.53bn to close at ₦29.70trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 17.28%. A total of 125.86m shares valued at ₦3.60bn were exchanged in 2,670 deals. GTCO (+0.20%) led the volume chart with 19.17m units traded while DANGCEM (+0.00%) led the value chart in deals worth ₦1.95bn.
Market breadth closed negative at a 1.18-to-1 ratio with declining issues outnumbering advancing ones. COURTVILLE (-9.62%) topped twelve (12) others on the laggard’s log while JAPAULGOLD (+7.14%) led ten (10) others on the leader’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 54,520.20 | 0.02 | 6.38 |
| Market Cap. (₦ ‘trillion) | 29.70 | 0.03 | 6.38 |
| Volume (millions) | 125.86 | -6.40 | |
| Value (₦ ‘billion) | 3.60 | -17.28 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| GEREGU | ₦8.00 (final) | TBA | TBA |
| MTNN | ₦10 (final) | 28-Mar-23 | 20-Apr-23 |
| SEPLAT | $0.025 (interim) | 11-Nov-22 | 6-Dec-22 |
| ACCESSCORP | ₦0.20 (interim) | 28-Sep-22 | 12-Oct-22 |
| GTCO | ₦0.30 (interim) | 21-Sep-22 | 30-Sep-22 |
Coronation Research Note
