Activity on the local bourse was bearish as the benchmark index fell by 0.31% to settle at 66,448.63 points putting the index on track for a third successive weekly loss. Continued decline in banking names GTCO (-0.72%), ACCESSCORP (-0.32%) and FBNH (-0.31%) were the drivers of the market’s weak performance. As a result, the ASI’s year-to-date (YTD) return decreased to 29.65%, while the market capitalisation shed ₦111.40bn to close at ₦36.37trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 24.67%. A total of 273.80m shares valued at 3.41bn were exchanged in 6,826 deals. ACCESSCORP (-0.32%) led the volume and value charts with 45.88m units traded in deals worth ₦710.63m.
Market breadth closed negative at a 3.00-to-1 ratio with declining issues outnumbering advancing ones. VITAFOAM (-9.92%) led twenty-three (23) others on the laggard’s log while CORNERST (+7.88%) topped seven (7) others on the leader’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||36.37||-0.31||30.28|
|Value (₦ ‘billion)||3.41||-24.67|
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|