Today, the domestic bourse ended its four-day winning streak as the benchmark index shed 0.76% to close at 70,042.28 points. Selloffs in telco heavyweight, MTNN (-2.44%), as well as BUACEMENT (-1.87%), and ZENITHBANK (-1.16%), underpinned the market’s weak performance despite gains in WAPCO (+2.94%), FIDELITYBK (+1.82%) and OANDO (+1.16%). Accordingly, the market is on track for a week of gain. Consequently, the year-to-date (YTD) return fell to 36.67%, while market capitalisation lost ₦296.39bn to close at ₦38.48trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 44.73%. A total of 525.46m shares valued at ₦6.09bn were exchanged in 8,396 deals. JAPAULGOLD (+0.78%) led the volume chart with 92.01m units traded while UBA (-0.24%) led the value chart in deals worth ₦971.34m.
Market breadth closed negative at a 1.24-to-1 ratio with declining issues outnumbering advancing ones. CHAMS (-9.84%) led twenty (20) others on the laggard’s log while ACADEMY (+9.83%) topped sixteen (16) others on the leader’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||38.48||-0.76||37.85|
|Value (₦ ‘billion)||6.09||-44.73|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|FIDELITYBK||N 0.25 (interim)||15-Sep-23||22-Sep-23|
|SEPLAT ENERGY||3 US CENTS (interim)||18-Aug-23||30-Aug-23|