Opening the week, Nigerian equities extended gains from last week as the benchmark index closed 0.40% stronger to settle at 70,479.62 points. Buy interests in BUACEMENT (+4.48%), SEPLAT (+3.94%) and GTCO (+0.43%) buoyed the market performance, offsetting losses in ZENITHBANK (-1.18%), STANBIC (-6.67%), and UBN (-4.41%) . Consequently, the year-to-date (YTD) return rose to 37.52%, while market capitalisation gained ₦155.27 billion to close at ₦38.71 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 15.91%. A total of 391.01million shares valued at ₦7.71 billion were exchanged in 6,837 deals. UBA (+0.24%) led volume and value charts with 105.63m units traded in deals worth ₦2.14bn.
Market breadth closed flat. CHAMS (+9.90%) topped twenty (20) others on the leader’s log while CORNERST (-9.27%) led twenty (20) others on the laggard’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||38.71||0.40||38.68|
|Value (₦ ‘billion)||7.71||-15.91|
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|