Opening the week, the Lagos bourse extends losses from the previous week, as the benchmark Index fell 0.53% to settle at 101,777.12 points. Losses in Tier-1 banking tickers, GTCO (-7.73%), FBNH (-1.29%) and ZENITHBANK (-3.38%) were the drivers of the drag in the market. As a result, the year-to-date (YTD) return slipped to 36.11%, while the market capitalisation shed ₦303.95bn to close at ₦57.56trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 66.79%. A total of 326.64m shares valued at ₦7.17bn were exchanged in 10,777 deals. UBA (-4.94%) led the volume chart with 42.25m units traded while MTNN (+0.00%) led the value charts in deals worth ₦1.17bn.
Market breadth closed negative at a 0.32-to-1 ratio with declining issues outnumbering the advancing ones. FIDELITYBK (-10.00%) topped thirty (30) others on the laggard’s table while UPDC (+10.00%) led nine (9) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 101,777.12 | -0.53 | 36.11 |
| Market Cap. (₦ ‘trillion) | 57.56 | -0.53 | 40.67 |
| Volume (millions) | 326.64 | -55.50 | |
| Value (₦ ‘billion) | 7.17 | -66.79 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUA CEMENT | ₦2.00 | 12-Aug-24 | 29-Aug-24 |
| SEPLAT ENERGY | $0.03 | 29-Apr-24 | 29-May-24 |
| DANGCEM | ₦30.00 | 16-Apr-24 | 29-Apr-24 |
| ACCESSCORP | ₦1.80 | 11-Apr-24 | 19-Apr-24 |
| LAFAERGE | ₦1.90 | 2-Apr-24 | 16-Apr-24 |
| NGXGROUP | ₦0.75 | 27-Mar-24 | TBA |
| GEREGU | ₦8.00 | 28-Feb-24 | 28-Mar-24 |
| VITAFOAM | ₦1.56 | 13-Feb-24 | 7-Mar-24 |
| 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 |
| MTNN | ₦5.60 (interim) | 17-Aug-23 | 24-Aug-23 |
| NGXGROUP | ₦0.25 | 31-Jul-23 | 31-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 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
