The bears continued to dominate the Lagos bourse as the benchmark index gave up 0.12% to close at 55,722.90 points. Sell pressures in GTCO (-3.08%), WAPCO(-1.92%) and ACCESSSCORP (-0.55%) were the primary drivers of the drag on the overall market’s performance. Consequently, the year-to-date (YTD) return dipped to 8.73%, while the market capitalization shed ₦35.67bn to close at ₦30.36trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 10.47%. A total of 199.27m shares valued at ₦2.81bn were exchanged in 3,898 deals. STERLNBANK (+3.42%) led the volume chart with 31.09m units traded in deals while AIRTELAFRI (+0.00%) led the value chart with ₦678.00m.
Market breadth closed negative at a 2.14-to-1 ratio, with declining issues outnumbering advancing ones. CHAMS (-8.00%) topped fourteen (14) others on the laggard’s log, while FTNCOCOA (+7.69%) led six (6) others on the leader’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 55,722.90 | -0.12 | 8.85 |
| Market Cap. (₦ ‘trillion) | 30.39 | -0.12 | 8.87 |
| Volume (millions) | 179.03 | -35.14 | |
| Value (₦ ‘billion) | 2.55 | -70.36 |
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 | N2.00 (final) | 11-Apr-23 | 28-Apr-23 |
| NB | N1.03 (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 |
Source: Coronation
