For the third consecutive session, the Lagos bourse maintained the bull run bringing the benchmark index up by 0.44% to close at 65,488.67 points. Sustained buying interest in BUAFOODS (+7.91%), alongside DANGSUGAR (+3.89%), and GUINNESS (+2.81%) offset losses in ZENITHBANK (-0.44%), GTCO (-0.14%) and ACCESSCORP (-1.17%). As a result, the year-to-date (YTD) return rose to 27.78%, with the market capitalisation increasing by ₦157.58bn to close at ₦35.84trn
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 3.25%. A total of 293.46m shares valued at ₦4.12bn were exchanged in 5,895 deals. TRANSCORP (+2.28%) led the volume chart with 41.44m units traded while MTNN (+0.00%) led the value chart in deals worth ₦791.46m.
Market breadth closed negative at a 2.00-to-1 ratio with declining issues outnumbering advancing ones. NB (-10.00%) led nineteen (19) others on the laggard’s log while CORNERST (+9.84%) topped nine (9) others on the leader’s table.
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 65,488.67 | 0.44 | 27.78 |
| Market Cap. (₦ ‘trillion) | 35.84 | 0.44 | 28.40 |
| Volume (millions) | 293.46 | 26.71 | |
| Value (₦ ‘billion) | 4.12 | 3.25 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| 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 |
| STANBIC | ₦2.00 | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 | 9-May-23 | 24-May-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 | 2-May-23 | 11-May-23 |
| SEPLAT | $0.08 | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 | 17-Apr-23 | 2-May-23 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
