Nigerian equities extended losses to open the week as the All-Share Index closed 1.10% weaker to settle at 64,337.52. Sustained selloffs in telco heavyweight MTNN (-3.68%) and Tier-1 banks, ZENITHBANK (-0.29%) and GTCO (-1.08%) were the primary drivers of the market decline. As a result, the ASI’s year-to-date (YTD) return fell to 25.53%, while the market capitalization lost ₦591.20bn to close at ₦35.01trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 11.12%. A total of 673.42m shares valued at ₦6.47bn were exchanged in 9,788 deals. FIDELITYBK (+1.18%) led the volume chart with 58.59m units traded while MTNN (-3.68%) led the value chart in deals worth ₦1.01bn
Market breadth closed negative at a 3.08-to-1 ratio with declining issues outnumbering advancing ones. DANGSUGAR (-10.00%) topped thirty-six (36) others on the laggard’s log, while MANSARD (+10.00%) led eleven (11) others on the leader’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 64,377.52 | -1.10 | 25.53 |
| Market Cap. (₦ ‘trillion) | 35.01 | -1.10 | 25.42 |
| Volume (millions) | 673.42 | 46.47 | |
| Value (₦ ‘billion) | 6.47 | 21.12 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| NGXGROUP | ₦0.50 | 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 |
| STANBIC | ₦2.00 | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 | 9-May-23 | 24-May-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 | 2-May-23 | 11-May-23 |
| SEPLAT | $0.08 | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 | 17-Apr-23 | 2-May-23 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
