In the last trading session of the month, the domestic equities continued its winning streak as the benchmark index gained 1.65% to settle at 69,236.19 points, the highest point since 19 September. Index heavyweights, AIRTELAFRI (+10.00%), BUACEMENT (+1.13%) alongside STANBIC (+1.35%) drove the market’s strong performance. Consequently, the year-to-date (YTD) return rose to 35.09%, with the market capitalisation increasing by ₦617.79bn to close at ₦38.04trn
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 26.80%. A total of 483.27m shares valued at ₦6.04bn were exchanged in 8,027 deals. JAPAULGOLD (+9.26%) led the volume chart with 155.59m units traded, while ZENITHBANK (-1.04%) led the value chart in deals worth ₦996.45bn.
Market breadth closed positive at a 1.81-to-1 ratio with advancing issues outnumbering declining ones. AIRTELAFRI (+10.00%) led twenty-eight (28) others on the leader’s log while UPL (-9.79%) topped fifteen (15) others on the laggard’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||38.04||1.65||36.27|
|Value (₦ ‘billion)||6.04||-26.80|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|FIDELITYBK||N 0.25 (interim)||15-Sep-23||22-Sep-23|
|SEPLAT ENERGY||3 US CENTS (interim)||18-Aug-23||30-Aug-23|