In the week’s final trading session, the Nigerian equities ended its four-day winning streak as the benchmark index relapsed by 0.09% to close at 72,389.23 points. Selloff in Tier 1 banks namely, UBA (-1.83%), ACCESSCORP (-2.63%), and FBNH (-4.92%) drove the market’s weak performance, outweighing gains in ZENITHBANK (+1.92%), DANGSUGAR (+0.17%), and WAPCO (+0.34%). Having gained in four of five trading sessions this week, the ASI closed 1.18% higher w/w, it’s eight consecutive weekly gain.
Over the course of the week, strong performances in MTNN (+2.68% w/w), BUACEMENT (+0.52% w/w), and ZENITHBANK (+6.00% w/w) drove the market’s positive performance, outweighing losses in FBNH (-2.73% w/w), INTBREW (-2.22% w/w) and UNILEVER (-0.34 w/w). As a result, the year-to-date (YTD) return rose to 41.42%, while the market capitalisation gained ₦463.76bn w/w to close at ₦39.61trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 9.49%. A total of 307.15m shares valued at ₦6.57bn were exchanged in 6,016 deals. GTCO (+3.40%) led both the volume and value chart with 51.08m units traded in deals worth ₦2.04bn.
Market breadth closed positive at a 2.56-to-1 ratio with advancing issues outnumbering the declining ones. CADBURY (+9.93%) topped forty (40) others on the leader’s table while UNIVINSURE (-7.14%) led fifteen (15) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 72,389.23 | -0.09 | 41.24 |
| Market Cap. (₦ ‘trillion) | 39.61 | -0.09 | 41.90 |
| Volume (millions) | 307.15 | -31.22 | |
| Value (₦ ‘billion) | 6.57 | -9.49 |
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 |
Source: Coronation
