Recovering from the previous session’s loss, the domestic bourse posted gains as the benchmark index rose by 0.70% to close at 82,597.04 points. Gains in MTNN (+0.35%), BUACEMENT (+0.54%), and ZENITHBANK (+1.99%) contributed to outweigh losses in VITAFOAM (-0.21%), CORNERNST (-3.33%), and LINKASSURE (-3.33%), keeping the market in the green. Accordingly, the market is on track for a week of gain. The year-to-date (YTD) return rose to 10.46%, while market capitalisation gained ₦313.39bn to close at ₦45.20trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 43.20%. A total of 877.28m shares valued at ₦14.41bn were exchanged in 14,919 deals. TRANSCORP (+4.12%) led the volume chart with 74.54m units traded while ZENITHBANK (+1.99%) led the value chart in deals worth ₦1.98bn.
Market breadth closed positive at a 2.05-to-1 ratio with advancing issues outnumbering declining ones. ROYALEX (+10.00%) topped forty-four (44) others on the leader’s table while ABBEYBDS (-9.90%) led twenty-one (21) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 82,597.04 | 0.70 | 10.46 |
| Market Cap. (₦ ‘trillion) | 45.20 | 0.70 | 10.46 |
| Volume (millions) | 877.28 | -46.55 | |
| Value (₦ ‘billion) | 14.41 | -43.20 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| SEPLAT ENERGY | $0.03 (Q3 interim) | 13-Nov-23 | 24-Nov-23 |
| 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-23 |
Source: Coronation
