Closing the week, the Nigerian equities ended on a negative note as the All-Share Index closed 0.17% weaker to settle at 66,454.57 points. Gains in Telco Heavyweight, AIRTELAFRI (+8.53%), alongside ZENITHBANK (+0.31%) and GTCO (+0.14%) drove the market’s strong performance outweighing losses in Industrial Heavyweight, DANGCEM (-8.79%), alongside WAPCO (-0.34%), and NB (-1.28%). Having gained in two (2) of four (4) trading sessions this week, the ASI closed 0.11% higher w/w.
Over the course of the week, AIRTELAFRI (+8.53% w/w), BUACEMENT (9.94% w/w) and ZENITHBANK (+1.75% w/w) were the major drivers of the broader index positive performance offsetting losses in MTNN (-5.30% w/w), DANGCEM (-8.79%), and FBNH (-0.92% w/w). Consequently, the year-to-date (YTD) return fell to 29.66%, while the market capitalization gained ₦178.58bn w/w to close at ₦36.51trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 88.75%. A total of 374.09m shares valued at ₦8.93bn were exchanged in 6,822 deals. UBA (+2.69%) led the volume chart with 52.42m units traded while BUACEMENT (+0.00%) led the value chart in deals worth ₦4.06bn.
Market breadth closed negative at a 1.13-to-1 ratio with declining issues outnumbering declining ones. OANDO (+9.55%) led seventeen (17) others on the laggard’s log while AIRTELAFRI (+8.53%) topped fifteen (15) others on the leader’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 66,454.57 | -0.17 | 29.66 |
| Market Cap. (₦ ‘trillion) | 36.51 | -0.05 | 30.79 |
| Volume (millions) | 374.09 | -63.12 | |
| Value (₦ ‘billion) | 8.93 | 88.75 |
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 | 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-23a |
