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
|Market Cap. (₦ ‘trillion)||37.26||-0.30||33.48|
|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|
|SEPLAT ENERGY||3 US CENTS (interim)||18-Aug-23||30-Aug-23|