Closing the week, the Lagos bourse ended the session on a positive note, bringing the All-Share index up by 0.25% to close at 71,230.48 points. Interests in ZENITHBANK (+3.58%), GTCO (+0.13%), and UBA (+0.48%) kept the market in the green. Having gained in three out of five trading sessions this week, the ASI closed 0.17% higher w/w.
Over the course of the week, strong performance in ZENITHBANK (+3.89% w/w), GTCO (+5.81% w/w) and GEREGU (+0.88% w/w) drove the market’s performance outweighing losses in MTNN (-0.63% w/w), STANBIC (-7.08% w/w), and DANGSUGAR (-1.64% w/w). As a result, the year-to-date (YTD) return rose to 38.98%, while the market capitalisation gained ₦64.61bn w/w to close at ₦39.17trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 24.07%. A total of 582.77m shares valued at ₦4.27bn were exchanged in 6,874 deals. VERITASKAP (-7.50%) led the volume chart with 107.05m units traded while ZENITHBANK (+3.58%) led the value chart in deals worth ₦773.81m.
Market breadth closed positive at a 1.60-to-1 ratio, with advancing issues outnumbering declining ones. NSLTECH (+10.00%) topped thirty-one (31) others on the leader’s log, while ABCTRANS (-9.68%) led nineteen (19) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 71,230.48 | 0.25 | 38.98 |
| Market Cap. (₦ ‘trillion) | 39.17 | 0.25 | 40.33 |
| Volume (millions) | 582.77 | 3.38 | |
| Value (₦ ‘billion) | 4.27 | 24.07 |
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
