Bearish sentiment extended in today’s trading session as the All-Share Index closed 1.75% lower to settle at 64,167.39 points, marking its second successive session decline. Selloffs in index heavyweights, MTNN (-1.43%), DANGCEM (-9.09%) alongside ACCESSCORP (-0.29%) offset the recoveries in GEREGU (+5.11%), WAPCO (+1.08%) and ETI (+3.33%) underpinning the market’s weak performance. Consequently, the year-to-date (YTD) return fell to 25.20%, while market capitalisation lost ₦621.601bn to close at ₦34.92trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 41.48%. A total of 238.04m shares valued at ₦2.62bn were exchanged in 6,001 deals. STERLINNG (-1.99%) led volume chart with 32.67m units traded while MTNN (-1.43%) led the value charts in deals worth ₦468.15m.
Market breadth closed negative at 1.71-to-1 ratio with declining issues outnumbering advancing ones. NASCON (-10.00%) topped twenty-three (23) others on the laggard’s table while MBENEFIT (+6.25%) led thirteen (13) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 64,167.39 | -1.75 | 25.20 |
| Market Cap. (₦ ‘trillion) | 34.92 | -1.75 | 25.09 |
| Volume (millions) | 238.04 | -25.10 | |
| Value (₦ ‘billion) | 2.62 | -41.48 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| NGXGROUP | ₦0.50 | 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 |
| STANBIC | ₦2.00 | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 | 9-May-23 | 24-May-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 | 2-May-23 | 11-May-23 |
| SEPLAT | $0.08 | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 | 17-Apr-23 | 2-May-23 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
