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
|Market Cap. (₦ ‘trillion)||29.92||-1.04||7.17|
|Value (₦ ‘billion)||1.51||-55.66|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|