On track for another week of gains, the benchmark index closed today’s session up 1.21% to settle at 74,289.02 points. Sustained interest in telco heavyweight MTNN (+5.40%), and tier-1 banks, namely ZENITHBANK (+0.39%), and UBA (+2.97%), drove the market into positive terrain offsetting losses in NESTLE (-1.74%), DANGSUGAR (-0.62%) and ETI (-0.24%). As a result, the year-to-date (YTD) return rose to 44.95%, while the market capitalisation gained ₦487.74bn to close at ₦40.65tn.
Analysis of today’s market activities show trade turnover settling higher relative to the previous session, with the value of transactions up by 1.54%. A total of 760.93m shares valued at ₦13.03bn were exchanged in 7,990 deals. ABBEYBDS (+9.09%) led the volume with 224.08m units traded while NESTLE (-1.74%) led the value chart with deals worth ₦2.65bn.
Market breadth closed positive at a 2.82-to-1 ratio with advancing issues outnumbering the declining ones. TRANSCORP (+10.00%) topped forty-seven (47) others on the leader’s table while JOHNHOLT (-10.00%) led sixteen (16) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 74,289.02 | 1.21 | 44.95 |
| Market Cap. (₦ ‘trillion) | 40.65 | 1.21 | 45.63 |
| Volume (millions) | 760.93 | 37.19 | |
| Value (₦ ‘billion) | 13.03 | 1.52 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| 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 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
Source: Coronation
