Ending an almost perfect week, Nigerian equities closed the day 0.08% stronger, bringing the All-Share Index to settle at 71,419.87 points. The market was buoyed today by gains in Tier 1 banking names, ZENITHBANK (+2.79%), GTCO (+0.26%), and ACCESSCORP (+0.28%). Having gained in four (4) of five (5) trading sessions this week, the ASI closed 0.27% higher w/w.
Over the course of the week, strong performances across AIRTELAFRI (+0.56% w/w), SEPLAT (+10.00% w/w) and ZENITHBANK (+0.86% w/w) outweighed the selloffs in DANGCEM (-2.44% w/w), BUAFOODS (-1.92% w/w) and STANBIC (-4.54% w/w). Consequently, the year-to-date (YTD) return rose to 39.35%, while the market capitalisation shed ₦90.37tn w/w to close at ₦39.08trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 0.17%. A total of 361.12m shares valued at ₦10.23bn were exchanged in 5,640 deals. UNIVINSURE (+8.00%) led the volume chart with 44.08m units traded while DANGCEM (+0.00%) led the value chart in deals worth ₦5.29bn.
Market breadth closed positive at a 1.48-to-1 ratio with advancing issues outnumbering declining ones. UNITYBNK (+10.00%) topped thirty-six (36) others on the leader’s table while SUNUASSUR (-10.00%) led twenty-four (24) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 71,419.87 | 0.08 | 39.35 |
| Market Cap. (₦ ‘trillion) | 39.08 | 0.08 | 40.00 |
| Volume (millions) | 361.12 | -33.14 | |
| Value (₦ ‘billion) | 10.23 | -0.17 |
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 |
