Extending its losing streak for the fifth successive session, the domestic bourse ended lower as the benchmark Index tumbled by 1.04% to settle at 54,915.61 points. Bearish sentiment in telco heavyweight, MTNN (-4.95%) alongside GTCO (-1.20%) and WAPCO (-1.96%) drove the market’s weak performance. Consequently, the year-to-date (YTD) return fell to 7.15%, with market capitalisation losing ₦313.02bn to close at ₦29.92trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 55.66%. A total of 137.29m shares valued at ₦1.51bn were exchanged in 3,489 deals. TRANSCORP (-4.44%) led the volume chart with 26.09m units traded, while ZENITHBANK (+2.52%) led the value chart in deals worth ₦353.89m.
Market breadth closed negative at a 2.83-to-1 ratio, with declining issues outnumbering advancing ones. ETI (-10.00%) topped sixteen (16) others on the laggard’s log, while CHAMS (+8.70%) led five (5) others on the leader’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 54,915.61 | -1.04 | 7.15 |
| Market Cap. (₦ ‘trillion) | 29.92 | -1.04 | 7.17 |
| Volume (millions) | 137.29 | -24.23 | |
| Value (₦ ‘billion) | 1.51 | -55.66 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 (final) | 11-Aug-23 | 24-Aug-23 |
| NESTLE | ₦36.50 (final) | 28-Apr-23 | 18-May-23 |
| SEPLAT | $0.075 (final) | 19-Apr-23 | 10-May-23 |
| WAPCO | ₦2.00 (final) | 11-Apr-23 | 28-Apr-23 |
| NB | ₦1.03 (final) | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 (final) | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 (final) | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 (final) | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 (final) | 28-Feb-23 | 29-Mar-23 |
