The bears continued to dominate the local bourse as the benchmark index gave up 0.47% to close at 53,498.27 points. The market’s weak performance was driven primarily by selloff in index heavyweight, DANGCEM (-4.17%) offsetting gains in BUAFOODS (+3.03%). As a result, the year-to-date (YTD) return fell to 4.38%, while the market capitalisation shed ₦137.55bn to close at ₦29.14trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 52.72%. A total of 202.85m shares valued at ₦2.05bn were exchanged in 3,071 deals. TRANSCORP (+4.48%) led the volume chart with 61.49m units traded, while GTCO (+0.00%) led the value chart in deals worth ₦291.14m.
Market breadth closed positive at a 2.14-to-1 ratio with advancing issues outnumbering declining ones. PZ (+9.62%) topped fourteen (14) others on the leader’s log, while CHAMS (-8.00%) led six (6) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 53,498.27 | -0.47 | 4.38 |
| Market Cap. (₦ ‘trillion) | 29.14 | -0.47 | 4.40 |
| Volume (millions) | 202.85 | 101.08 | |
| Value (₦ ‘billion) | 2.05 | -52.72 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 (final) | 11-Aug-23 | 24-Aug-23 |
| STANBIC | ₦2.00 (final) | 12-Apr-23 | 26-May-23 |
| NESTLE | ₦36.50 (final) | 28-Apr-23 | 18-May-23 |
| SEPLAT | $0.075 (final) | 19-Apr-23 | 10-May-23 |
| WAPCO | ₦2.00 (final) | 11-Apr-23 | 28-Apr-23 |
| NB | ₦1.03 (final) | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 (final) | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 (final) | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 (final) | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 (final) | 28-Feb-23 | 29-Mar-23 |
