Today, the local bourse pulled back slightly bringing the benchmark index down 6bps to close at 99,845.91 points. The bearish position was underscored by Tier-one banking names, GTCO (-3.92%), FBNH (-0.19%) and UBA (-0.22%) outweighing the gains in ZENITHBANK (+1.69%), TRANSCORP (+2.94%), and GUINNESS (+10.00%). Consequently, the market is on track for its fifth consecutive weekly loss. The year-to-date (YTD) return slipped to 33.53%, while the market capitalisation declined by ₦35.49bn to close at ₦56.47trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down 4.77%. A total of 285.91m shares valued at ₦5.54bn were exchanged in 7,726 deals. ACCESSCORP (-0.86%) led the volume chart with 43.98m units traded while GTCO (-3.92%) led the value charts in deals worth ₦1.14bn.
Market breadth closed negative at a 0.94-to-1 ratio with declining issues outnumbering the advancing ones. UCAP (-9.73%) topped sixteen (16) others on the laggard’s table while GUINNESS (+10.00%) led fifteen (15) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 99,845.91 | -0.06 | 33.53 |
| Market Cap. (₦ ‘trillion) | 56.47 | -0.06 | 38.01 |
| Volume (millions) | 285.91 | -11.39 | |
| Value (₦ ‘billion) | 5.54 | -4.77 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUA CEMENT | ₦2.00 | 12-Aug-24 | 29-Aug-24 |
| SEPLAT ENERGY | $0.03 | 29-Apr-24 | 29-May-24 |
| DANGCEM | ₦30.00 | 16-Apr-24 | 29-Apr-24 |
| ACCESSCORP | ₦1.80 | 11-Apr-24 | 19-Apr-24 |
| LAFAERGE | ₦1.90 | 2-Apr-24 | 16-Apr-24 |
| NGXGROUP | ₦0.75 | 27-Mar-24 | TBA |
| GEREGU | ₦8.00 | 28-Feb-24 | 28-Mar-24 |
| VITAFOAM | ₦1.56 | 13-Feb-24 | 7-Mar-24 |
| UBA | ₦0.50 (interim) | 27-Sep-23 | 6-Oct-23 |
| ZENITHBANK | ₦0.50 (interim) | 25-Sep-23 | 29-Sep-23 |
| STANBIC | N1.50 (interim) | 13-Sep-23 | 27-Sep-23 |
| GTCO | ₦0.50 (interim) | 15-Sep-23 | 25-Sep-23 |
| FIDELITYBK | N 0.25 (interim) | 15-Sep-23 | 22-Sep-23 |
| CUSTODIAN | ₦0.15 (interim) | 21-Aug-23 | 5-Sep-23 |
| MTNN | ₦5.60 (interim) | 17-Aug-23 | 24-Aug-23 |
| NGXGROUP | ₦0.25 | 31-Jul-23 | 31-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 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
