Opening the week, the local bourse rebounded, up 0.59% – recovering some prior week losses to settle at 66,770.97 points. Renewed investor interest in BUACEMENT (+9.94%), ZENITHBANK (+0.16%) and GTCO (+2.18%) were the primary drivers of the overall market’s strong performance outweighing the decline in MTNN (-1.52%), FBNH (-0.61%) and WAPCO (-1.50%). As a result, the year-to-date (YTD) return rose to 30.28%, while market capitalisation gained ₦212.81bn to close at ₦35.54trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 15.02%. A total of 364.32m shares valued at ₦3.85 billion were exchanged in 7,537 deals. FIDELITYBK (+1.20%) led the volume chart with 33.22m units traded while GTCO (+2.18%) led the value chart in deals worth ₦752.68m.
Market breadth closed positive at a 1.11-to-1 ratio with advancing issues outnumbering declining ones. BUACEMENT (+9.94%) led nineteen (19) others on the leader’s log while LINKASSURE (-10.00%) topped seventeen (17) others on the laggard’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||36.54||0.59||30.91|
|Value (₦ ‘billion)||3.85||-15.02|
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|