Closing the week, the Lagos bourse ended the session on a positive note, bringing the All-Share index up by 2.87% to close at 94,538.12 points. sustained buying interests in industrial heavyweights DANGCEM (+9.98%), and BUACEMENT (+10.00%), alongside MTNN (+0.69%) offset selloffs in GTCO (-3.08%), FBNH (-1.30%) and NB (-4.76%) keeping the market in the positive terrain. Having gained in all trading sessions this week, the ASI closed 13.84% higher w/w.
Over the course of the week, strong performances in DANGCEM (+53.94% w/w), BUACEMENT (+48.80% w/w) , and GEREGU (+17.72% w/w) drove the market’s positive performance, outweighing losses in GTCO (-4.75% w/w), FBNH (-5.00% w/w), and STANBIC (-4.41% w/w). Consequently, the year-to-date (YTD) return rose to 26.43%, while the market capitalisation gained ₦6.30trn w/w to close at ₦51.74trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 32.67%. A total of 759.14m shares valued at ₦12.99bn were exchanged in 14,988 deals. TRANSCORP (-2.86%) led the volume chart with 80.32m units traded while ZENITHBANK (+1.58%) led the value chart with deals worth ₦1.55bn.
Market breadth closed negative at a 1.06-to-1 ratio with declining issues outnumbering the advancing ones. LASACO(-9.85%) topped thirty-four (34) others on the laggard’s table while BUACEMENT (+10.00%) led thirty-two (32) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 94,538.12 | 2.87 | 26.43 |
| Market Cap. (₦ ‘trillion) | 51.74 | 2.87 | 26.44 |
| Volume (millions) | 759.14 | -33.43 | |
| Value (₦ ‘billion) | 12.99 | -32.67 |
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 |
