The domestic bourse extended losses from the previous session, bringing the All-Share Index down by 0.43% to close at 103,736.08 points. Bearish sentiment in MTNN (-1.29%), GTCO (-6.49%), and ZENITHBANK (-1.82%) overturned the gains in DANGSUGAR (+6.26%), ETI (+6.12%) and NB (+0.17%) causing the drag in the market. Consequently, the market is on track for its third consecutive week of loss. The year-to-date (YTD) return fell to 38.73%, while the market capitalisation shed ₦251.74bn to close at ₦58.65trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 75.57%. A total of 487.73m shares valued at ₦15.64bn were exchanged in 8,908 deals. ZENITHBANK (-1.82%) led the volume and value chart with 161.68m units traded in deals worth ₦7.03bn.
Market breadth closed negative at a 0.83-to-1 ratio with declining issues outnumbering the advancing ones. CILEASING (-9.79%) topped twenty-four (24) others on the laggard’s table while MORISON (+9.84%) led twenty-one (21) others on the leader’s log.
Find below key highlights of market activities.
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 103,736.08 | -0.43 | 38.73 |
| Market Cap. (₦ ‘trillion) | 58.65 | -0.43 | 43.35 |
| Volume (millions) | 487.73 | 20.42 | |
| Value (₦ ‘billion) | 15.64 | 75.57 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUA CEMENT | ₦2.00 | 12-Aug-24 | 29-Aug-24 |
| SEPLAT ENERGY | $0.03 | 29-Apr-24 | 29-May-24 |
| DANGCEM | ₦30.00 | 16-Apr-24 | 29-Apr-24 |
| ACCESSCORP | ₦1.80 | 11-Apr-24 | 19-Apr-24 |
| LAFAERGE | ₦1.90 | 2-Apr-24 | 16-Apr-24 |
| NGXGROUP | ₦0.75 | 27-Mar-24 | TBA |
| GEREGU | ₦8.00 | 28-Feb-24 | 28-Mar-24 |
| VITAFOAM | ₦1.56 | 13-Feb-24 | 7-Mar-24 |
| 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 |
| MTNN | ₦5.60 (interim) | 17-Aug-23 | 24-Aug-23 |
| NGXGROUP | ₦0.25 | 31-Jul-23 | 31-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 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
