For the eight consecutive session, the Lagos bourse extended its losing streak as the benchmark Index closed 1.93% weaker – the biggest single day decline since 19 February – to close at 99,808.34. The market’s weak performance was driven by selloffs in telco heavyweight, MTNN (-1.32%) alongside Tier-1 banking tickers, GTCO (-3.66%), FBNH (-5.61%). As a result, the year-to-date (YTD) return fell to 33.48%, while the market capitalisation lost ₦1.11trn to close at ₦56.45trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 16.91%. A total of 403.89m shares valued at ₦8.38bn were exchanged in 10,170 deals. ACCESSCORP (-8.63%) led the volume chart with 62.93m units traded while GTCO (-3.66%) led the value charts in deals worth ₦1.74bn.
Market breadth closed negative at a 0.14-to-1 ratio with declining issues outnumbering the advancing ones. FIDELITYBK (-10.00%) topped forty-eight (48) others on the laggard’s table while MORISON (+9.96%) led six (6) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 99,808.34 | -1.93 | 33.48 |
| Market Cap. (₦ ‘trillion) | 56.45 | -1.93 | 37.96 |
| Volume (millions) | 403.89 | 23.65 | |
| Value (₦ ‘billion) | 8.38 | 16.91 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUA CEMENT | ₦2.00 | 12-Aug-24 | 29-Aug-24 |
| SEPLAT ENERGY | $0.03 | 29-Apr-24 | 29-May-24 |
| DANGCEM | ₦30.00 | 16-Apr-24 | 29-Apr-24 |
| ACCESSCORP | ₦1.80 | 11-Apr-24 | 19-Apr-24 |
| LAFAERGE | ₦1.90 | 2-Apr-24 | 16-Apr-24 |
| NGXGROUP | ₦0.75 | 27-Mar-24 | TBA |
| GEREGU | ₦8.00 | 28-Feb-24 | 28-Mar-24 |
| VITAFOAM | ₦1.56 | 13-Feb-24 | 7-Mar-24 |
| UBA | ₦0.50 (interim) | 27-Sep-23 | 6-Oct-23 |
| ZENITHBANK | ₦0.50 (interim) | 25-Sep-23 | 29-Sep-23 |
| STANBIC | N1.50 (interim) | 13-Sep-23 | 27-Sep-23 |
| GTCO | ₦0.50 (interim) | 15-Sep-23 | 25-Sep-23 |
| FIDELITYBK | N 0.25 (interim) | 15-Sep-23 | 22-Sep-23 |
| CUSTODIAN | ₦0.15 (interim) | 21-Aug-23 | 5-Sep-23 |
| MTNN | ₦5.60 (interim) | 17-Aug-23 | 24-Aug-23 |
| NGXGROUP | ₦0.25 | 31-Jul-23 | 31-Aug-23 |
| FBNH | ₦0.50 | 9-Aug-23 | 16-Aug-23 |
| AIRTELAFRI | 3.27 | 22-Jun-23 | 26-Jul-23 |
| TOTAL | ₦21.00 | 26-Apr-23 | 2-Jun-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
