The Nigerian equities maintained the positive momentum as the benchmark index closed 0.23% stronger to settle at 70,773.31 points. Buying Interests in BUACEMENT (+1.90%), GTC0 (+0.28%) and UBA (+1.47%) outweighed losses in ZENITHBANK (-0.30%), TRANSCORP (-0.32%) and FIDELITYBK (-3.19%) keeping the market in the green. Consequently, the ASI’s year-to-date (YTD) return increased to 38.09%, while the market capitalisation gained ₦87.79bn to close at ₦38.89trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 79.88%. A total of 558.34m shares valued at ₦9.79bn were exchanged in 6,401 deals. FBNH (+0.52%) led volume and value charts with 209.90m units traded in deals worth ₦4.04bn.
Market breadth closed negative at a 1.06-to-1 ratio with declining issues outnumbering advancing ones. UPDC (-8.26%) led eighteen (18) others on the laggard’s log while JAPAULGOLD (+9.87%) topped seventeen (17) others on the leader’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||38.89||0.23||39.30|
|Value (₦ ‘billion)||9.79||79.88|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|FIDELITYBK||N 0.25 (interim)||15-Sep-23||22-Sep-23|
|SEPLAT ENERGY||3 US CENTS (interim)||18-Aug-23||30-Aug-23|