Recovering from the previous session’s loss, the Lagos bourse posted gains as the benchmark index rose by 0.43% to close at 67,326.12 points. Gains in Tier-1 Banking Names, ZENITHBANK (+2.64%), GTCO (+1.15%) and STANBIC (+5.56%) contributed to outweigh losses in NB (-7.38%), ETI (-1.30%) and PRESCO (-0.55%), keeping the market in the green. Consequently, the year-to-date (YTD) return rose to 31.37%, while market capitalization gained ₦158.34bn to close at ₦36.99trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 45.57%. A total of 377.97m shares valued at ₦5.17bn were exchanged in 6,729 deals. UBA (+3.06%) led the volume and value charts with 42.30m units traded in deals worth ₦796.36m.
Market breadth closed positive at a 1.44-to-1 ratio with advancing issues outnumbering declining ones. JBERGER (+10.00%), topped twenty-two (22) others on the leader’s table, while MULTIVERSE (-9.49%) led fifteen (15) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 67,326.12 | 0.43 | 31.37 |
| Market Cap. (₦ ‘trillion) | 36.99 | 0.43 | 32.50 |
| Volume (millions) | 377.97 | 74.93 | |
| Value (₦ ‘billion) | 5.17 | 45.57 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| ACCESSCORP | ₦0.30 (interim) | 6-Oct-23 | 19-Oct-23 |
| 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 |
| SEPLAT ENERGY | 3 US CENTS (interim) | 18-Aug-23 | 30-Aug-23 |
| MTNN | ₦5.60 (interim) | 17-Aug-23 | 24-Aug-23 |
| NGXGROUP | ₦0.25 | 31-Jul-23 | 31-Aug-23 |
| BUACEMENT | ₦2.80 | 14-Aug-23 | 24-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 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23a |
Source: Coronation
