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
|Market Cap. (₦ ‘trillion)||38.91||0.07||39.39|
|Value (₦ ‘billion)||16.79||71.44|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|SEPLAT ENERGY||3 US CENTS (interim)||18-Aug-23||30-Aug-23|