For the second consecutive session, the Lagos bourse extended losses as the benchmark Index closed 0.09% weaker to close at 52,161.24 points. The market’s weak performance was driven by losses in Tier 1 banking names, ZENITHBANK (-2.05%), GTCO (-2.44%), and ACCESSCORP (-3.77%). The loss puts the index on track for a weekly loss. As a result, the ASI’s year-to-date (YTD) return fell to 1.78%, while the market capitalisation shed ₦26.04bn to close at ₦28.40trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 12.04%. A total of 477.37m shares valued at ₦5.24bn were exchanged in 5,539 deals. For the fifth consecutive session, ACCESSCORP (-3.77%) led volume and value charts with 169.32m units traded in deals worth ₦1.74bn.
Market breadth closed negative at a 1.20-to-1 ratio with declining issues outnumbering advancing ones. FCMB (-5.66%) topped seventeen (17) others on the laggard’s table, while ARDOVA (+10.00%) led fourteen (14) others on the leader’s log.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||28.40||-0.09||1.74|
|Value (₦ ‘billion)||5.24||-12.04|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|