Opening the week, the bears continued to dominate the Lagos bourse as the benchmark index gave up 1.96% to close at 51,952.99 points. This loss marked the ASI’s sixth straight session loss. Selloff in index heavyweight, AIRTELAFRI (-10.00%) was the major drag on the overall market’s performance. As a result, the year-to-date (YTD) return dipped to 1.37%, while the market capitalization shed ₦569.12bn to close at ₦28.30trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 148.31%. A total of 1.72bn shares valued at ₦4.79bn were exchanged in 4,286 deals. TRANSCORP (+2.19%) led the volume and value charts with 1.55bn units traded in deals worth ₦2.10bn.
Market breadth closed negative at a 11.00-to-1 ratio with declining issues outnumbering advancing ones. AIRTELAFRI (-10.00%) topped twenty-one (21) others on the laggard’s log, while NAHCO (+3.06%) topped TRANSCORP (+2.19%) on the leader’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 51,952.99 | -1.96 | 1.37 |
| Market Cap. (₦ ‘trillion) | 28.30 | -1.97 | 1.38 |
| Volume (millions) | 1,723.44 | 545.60 | |
| Value (₦ ‘billion) | 4.79 | 148.31 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 (final) | 11-Aug-23 | 24-Aug-23 |
| STANBIC | ₦2.00 (final) | 12-Apr-23 | 26-May-23 |
| NESTLE | ₦36.50 (final) | 28-Apr-23 | 18-May-23 |
| SEPLAT | $0.075 (final) | 19-Apr-23 | 10-May-23 |
| ZENITHBANK | ₦3.20 (final) | 17-Apr-23 | 2-May-23 |
| WAPCO | ₦2.00 (final) | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 (final) | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 (final) | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 (final) | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 (final) | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 (final) | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 (final) | 28-Feb-23 | 29-Mar-23 |
Source: Coronation
