Extending its losses for the second successive session, the local equities ended lower as the benchmark Index tumbled by 0.30% to settle at 68,082.11 points. Bearish sentiment in industrial giant, DANGCEM (-1.35%) alongside NESTLE (-1.39%) and ZENITHBANK (-0.14%) drove the market’s weak performance outweighing gains in GTCO (+0.52%), ACCESSCORP (+0.87%), and FBNH (+1.11%). Accordingly, the market remains on for a week of gain. As a result, the year-to-date (YTD) return fell to 32.84%, with market capitalization losing ₦111.74bn to close at ₦37.26trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 52.77%. A total of 378.09m shares valued at ₦8.38bn were exchanged in 8,106 deals. OANDO (-4.76%) led the volume chart with 91.64m units traded while NESTLE (-1.39%) led the value chart in deals worth ₦1.93bn.
Market breadth closed negative at a 1.21-to-1 ratio, with declining issues outnumbering advancing ones. COURTVILLE (-7.69%) topped twenty-two (22) others on the laggard’s log, while CADBURY (+9.86%) led eighteen (18) others on the leader’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 68,082.11 | -0.30 | 32.84 |
| Market Cap. (₦ ‘trillion) | 37.26 | -0.30 | 33.48 |
| Volume (millions) | 378.09 | -0.15 | |
| Value (₦ ‘billion) | 8.38 | 52.77 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| FIDELITYBK | N 0.25 (interim) | 18-Sep-23 | N/A |
| STANBIC | N1.50 (interim) | 13-Sep-23 | 27-Sep-23 |
| CUSTODIAN | ₦1.50 (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 |
| 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 |
