The domestic bourse maintained the bull run bringing the benchmark index up by 0.07% to close at 70,819.58 points. Gains in Tier 1 banking names, GTCO (+0.56%), UBA (+0.24%), and FBNH (+3.36%) offset losses in ZENITHBANK (-0.45%), STANBIC (-0.07%) and DANGSUGAR (-0.32%). Accordingly, the market remains on track for a week of gain. As a result, the year-to-date (YTD) return rose to 38.18%, while the market capitalisation gained ₦25.42bn to close at ₦38.91trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 71.44%. A total of 569.19m shares valued at ₦16.79bn were exchanged in 6,169 deals. JAPAULGOLD (+9.58%) led the volume chart with 113.96m units traded, while STANBIC (-0.07%) led the value chart in deals worth ₦6.78bn.
Market breadth closed negative at a 1.33-to-1 ratio with declining issues outnumbering advancing ones. VFDGROUP (-10.00%) led nineteen (19) others on the laggard’s log while UPDC (+9.91%) topped fourteen (14) others on the leader’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 70,819.58 | 0.07 | 38.18 |
| Market Cap. (₦ ‘trillion) | 38.91 | 0.07 | 39.39 |
| Volume (millions) | 569.19 | 1.94 | |
| Value (₦ ‘billion) | 16.79 | 71.44 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| 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 | ₦1.50 (interim) | 13-Sep-23 | 27-Sep-23 |
| GTCO | ₦0.50 (interim) | 15-Sep-23 | 25-Sep-23 |
| FIDELITYBK | ₦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 CENTS | 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-23a |
Source: Coronation
