Opening the week, the Lagos stock market extended its losing streak for the third consecutive session as the benchmark Index closed 2.08% weaker – the biggest single day decline in the month – to close at 53,750.77 points. The market’s weak performance was driven by selloffs in Index heavyweights, AIRTELAFRI (-8.31%), MTNN (-1.27%) and SEPLAT (-4.17%). Consequently, the ASI’s year-to-date (YTD) return fell to 4.88%, while the market capitalisation lost ₦621.99bn to close at ₦29.28trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 12.11%. A total of 100.88m shares valued at ₦4.34bn were exchanged in 3,279 deals. GTCO (-0.40%) led the volume chart with 12.84m units traded, while MTNN (-1.27%) led the value chart in deals worth ₦1.93bn.
Market breadth closed negative at a 3.75-to-1 ratio with declining issues outnumbering advancing ones. UNITYBNK (-9.43%) topped fourteen (14) others on the laggard’s table, while COURTVILLE (+6.67%) led three (3) others on the leader’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 53,750.77 | -2.08 | 4.88 |
| Market Cap. (₦ ‘trillion) | 29.28 | -2.08 | 4.89 |
| Volume (millions) | 100.88 | -26.66 | |
| Value (₦ ‘billion) | 4.34 | 12.11 |
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 |
| WAPCO | ₦2.00 (final) | 11-Apr-23 | 28-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 |
