Opening the week, Nigerian stocks extended gains for the fifth session on Monday, led by banks to push the main index past a psychological threshold of 80,000 points for the first. The equities market extended gains from last week as the benchmark index closed 0.83% stronger to settle at 80,324.53 points. Buy interests in Tier-1 banks namely, ZENITHBANK (+2.50%), GTCO (+3.53%), and UBA (+3.28%) kept the market in the green, offsetting selloffs in STANBIC (-0.38%), NB (-0.13%) and FIDELITYBK (-5.99%). As a result, the year-to-date (YTD) return rose to 7.42%, while market capitalisation gained ₦368.31bn to close at ₦43.96trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 6.48%. A total of 1.19bn shares valued at ₦15.26bn were exchanged in 16,081 deals. TRANSCORP (+9.79%) led both the volume and value chart with 298.30m units traded in deals worth ₦4.08bn.
Market breadth closed positive at a 4.08-to-1 ratio with advancing issues outnumbering the declining ones. JBERGER(+10.00%) topped fifty-two (52) others on the leader’s table while DARRCOMM (-9.30%) led twelve (12) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 80,324.53 | 0.83 | 7.42 |
| Market Cap. (₦ ‘trillion) | 43.96 | 0.83 | 7.43 |
| Volume (millions) | 1,190.16 | 33.33 | |
| Value (₦ ‘billion) | 15.26 | 6.48 |
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 |
Source: Coronation
