Starting the week, the Lagos bourse halted its three-day winning streak as the All-Share Index lost 0.31% to settle at 52,348.82 points. Selloffs in Tier-1 banking names, ZENITHBANK (-3.72%), GTCO (-1.63%) and FBNH (-0.43%) drove the market’s weak performance. As a result, the year-to-date (YTD) return fell to 2.14%, while market capitalisation lost ₦89.14bn to close at ₦28.51trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session with the value of transactions up by 27.34%. A total of 221.85m shares valued at ₦3.25bn were exchanged in 5,219 deals. UBA (-4.19%) led the volume chart with 22.93m units traded while GTCO (-1.63%) led the value chart in deals worth ₦482.50m.
Market breadth closed negative at a 1.36-to-1 ratio with declining issues outnumbering advancing ones. LIVESTOCK (-7.69%) led eighteen (18) others on the laggard’s table while PRESCO (+9.67%) topped thirteen (13) others on the gainer’s log.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||28.51||-0.31||2.14|
|Value (₦ ‘billion)||3.25||27.34|
Dividend Information for 2022
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|OKOMU OIL||₦7.00 (interim)||26-Aug-22||29-Aug-22|
Source: Coronation Securities