Closing the week, the domestic bourse ended the session on a positive note, bringing the All-Share index up by 0.09% to close at 68,143.34 points. Buying interests in ACCESSCORP (+0.57%), FBNH (+1.65%), and WAPCO (+2.87%) offset selloffs in MTNN (-0.11%), GTCO (-0.38%) and STANBIC (-1.92%) kept the market in the positive terrain. Having gained in three (3) of five (5) trading sessions this week, the ASI closed 0.91% higher w/w.
Over the course of the week, strong performances in BUAFOODS (+2.78% w/w), ZENITHBANK (+7.41% w/w), and GTCO (+2.24% w/w) drove the market’s positive performance outweighing losses in MTNN (-0.07% w/w), DANGCEM (-1.30% w/w), and NESTLE (-2.27% w/w). Consequently, the year-to-date (YTD) return rose to 32.96%, while the market capitalization gained ₦337.23bn w/w to close at ₦37.30trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 0.42%. A total of 483.49m shares valued at ₦8.34bn were exchanged in 6,660 deals. FCMB (+4.45%) led the volume chart with 116.87m units traded while SEPLAT (+0.00%) led the value chart in deals worth ₦1.83bn.
Market breadth closed positive at a 2.30-to-1 ratio with advancing issues outnumbering declining ones. OANDO (+10.00%) topped twenty-two (22) others on the leader’s table while FIDSON (-4.10%) led nine (9) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 68,143.34 | 0.09 | 32.96 |
| Market Cap. (₦ ‘trillion) | 37.30 | 0.09 | 33.60 |
| Volume (millions) | 483.49 | 27.88 | |
| Value (₦ ‘billion) | 8.34 | -0.42 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| FIDELITYBK | N 0.25 (interim) | 18-Sep-23 | N/A |
| STANBIC | N1.50 (interim) | 13-Sep-23 | 27-Sep-23 |
| CUSTODIAN | ₦1.50 (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 |
| STANBIC | ₦2.00 | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 | 9-May-23 | 24-May-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 | 2-May-23 | 11-May-23 |
| SEPLAT | $0.08 | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 | 17-Apr-23 | 2-May-23 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
Source: Coronation
