Closing the week, the Lagos bourse ended the session on a positive note, bringing the All-Share index up by 0.12% to close at 71,112.99 points. Interests in SEPLAT (+7.69%), UBA (+0.48%), and ACCESSCORP (+0.29%) kept the market in the green offsetting losses in MTNN (-0.62%), ZENITHBANK (-0.30%), and DANGSUGAR (-0.65%). Having gained in four out of five trading sessions this week, the ASI closed 0.37% higher w/w, its fourth consecutive weekly gain.
Over the course of the week, strong performance across index heavyweight, MTNN (+2.35% w/w), alongside SEPLAT (+6.06% w/w) and ZENITHBANK (+1.06% w/w) drove the market’s performance outweighing losses in BUACEMENT (-2.80% w/w), DANGSUGAR (-0.97% w/w), and ACCESSCORP (-0.29% w/w). As a result, the year-to-date (YTD) return rose to 38.75%, while the market capitalization gained ₦180.22bn w/w to close at ₦39.11trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 37.77%. A total of 441.58m shares valued at ₦6.03bn were exchanged in 5,883 deals. JAIZBANK (-0.62%) led the volume chart with 95.21m units while GTCO (+0.00%) led the value chart in deals worth ₦1.31bn.
Market breadth closed positive at a 1.54-to-1 ratio, with advancing issues outnumbering declining ones. MULTIVERSE (+10.00) topped nineteen (19) others on the leader’s log, while JAPAULGOLD (-9.09%) led twelve (12) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 71,112.99 | 0.12 | 38.75 |
| Market Cap. (₦ ‘trillion) | 39.11 | 0.12 | 40.10 |
| Volume (millions) | 441.58 | -8.74 | |
| Value (₦ ‘billion) | 6.03 | 37.77 |
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
