Opening the week, the Nigeria equities extended losses as the All-Share Index closed 0.34% weaker to settle at 73,768.64. Losses in industrial heavyweight, DANGCEM (-2.19%), STANBIC (-6.01%) and DANGSUGAR (-1.31%) were the primary drivers of the market decline, offsetting the gains in MTNN (+0.40%), ZENITHBANK (+0.26%) and GTCO (+0.50%). Consequently, the ASI’s year-to-date (YTD) return fell to 43.94%, while the market capitalisation lost ₦139.34bn to close at ₦40.37trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 21.99%. A total of 432.91m shares valued at ₦12.94bn were exchanged in 8,901 deals. JAIZBANK(+8.75%) led the volume chart with 35.38m units traded while GEREGU (+0.00%) led the value chart with deals worth ₦6.06bn.
Market breadth closed positive at a 1.76-to-1 ratio with advancing issues outnumbering the declining ones. ETERNA (+10.00%) topped thirty-six (36) others on the leader’s table while UACN (-10.00%) led twenty (20) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 73,768.64 | -0.34 | 43.94 |
| Market Cap. (₦ ‘trillion) | 40.37 | -0.34 | 44.61 |
| Volume (millions) | 432.91 | 2.27 | |
| Value (₦ ‘billion) | 12.94 | -21.99 |
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 |
