The bullish sentiment persisted in the Lagos bourse. Renewed buy interests in Telco heavyweight, MTNN (+10.00%), along side sustained interest in TRANSPOWER (+9.99%) and DANGSUGAR (+10.00%) outweighed losses in continued selloff in GTCO (-1.57%), ZENITHBANK (-0.15%), and UBA (-2.27%), keeping the market in the green. As a result, the market is on track for a week of gain. The year-to-date return rose to 34.19%, market capitalisation gained ₦420.47tn to close at ₦56.73tn and the market is now on track for a positive week.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 9.11%. A total of 554.72m shares valued at ₦17.73bn were exchanged in 9,708 deals. TRANSCORP (-9.95%) led both the volume and value chart with 301.36m units traded in deals worth ₦5.65bn.
Market breadth closed negative at a 0.76-to-1 ratio with declining issues outnumbering the advancing ones. GUINNESS (-10.00%) topped thirty-two (32) others on the laggard’s table while MTNN (+10.00%) led twenty-four (24) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 100,335.30 | 0.75 | 34.19 |
| Market Cap. (₦ ‘trillion) | 56.73 | 0.75 | 38.65 |
| Volume (millions) | 554.72 | 33.19 | |
| Value (₦ ‘billion) | 17.73 | -9.11 |
| Dividend Information for 2023 |
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| GEREGU | ₦8.00 | 28-Feb-24 | 28-Mar-24 |
| VITAFOAM | ₦1.56 | 13-Feb-24 | 7-Mar-24 |
| SEPLAT ENERGY | $0.03 (Q3 INTERIM) | 13-Nov-23 | 24-Nov-23 |
| ACCESSCORP | ₦0.30 (interim) | 6-Oct-23 | 19-Oct-23 |
| 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 |
| SEPLAT ENERGY | 3 US CENTS (interim) | 18-Aug-23 | 30-Aug-23 |
| MTNN | ₦5.60 (interim) | 17-Aug-23 | 24-Aug-23 |
| NGXGROUP | ₦0.25 | 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 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
