Opening the week, the NGX All-Share Index relapsed by 0.15% to close at 71,008.70 points. Selloffs in Tier-1 banking names ZENITHBANK (-0.75%), STANBIC (-7.08%) and UBA (-0.48%) offset demand for GTCO (+0.27%), GEREGU (+0.88%) and OANDO (+3.42%), driving the weak performance. Consequently, the ASI’s year-to-date (YTD) return decreased to 38.55%, while the market capitalisation lost ₦57.31bn to close at ₦39.05trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 27.77%. A total of 358.45m shares valued at ₦4.36bn were exchanged in 6,551 deals. ACCESSCORP (-0.58%) led the volume chart with 27.58m units traded while ZENITHBANK (-0.75%) led the value chart in deals worth ₦502.95m.
Market breadth closed positive at a 2.27-to-1 ratio, with advancing issues outnumbering declining ones. MECURE (+9.95%) topped thirty-three (33) others on the leader’s log, while RTBRISCOE (-9.84%) led fourteen (14) others on the laggard’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||39.05||-0.15||39.89|
|Value (₦ ‘billion)||4.36||-27.77|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|SEPLAT ENERGY||$0.03 (Q3 interim)||13-Nov-23||24-Nov-23|
|FIDELITYBK||N 0.25 (interim)||15-Sep-23||22-Sep-23|
|SEPLAT ENERGY||3 US CENTS (interim)||18-Aug-23||30-Aug-23|