Closing the week, the local bourse ended the session on a positive note, bringing the All-Share index up by 0.99% to close at 101,330.85 points. Buy interests in MTNN (+9.99%), ZENITHBANK (+0.15%), and DANGSUGAR (+9.98%) offset selloffs in FBNH (-1.07%), TRANSCORP (-0.58%) and FIDELITYBK (-3.38%) keeping the market in the positive terrain. Having gained in trading sessions this week, the ASI closed 2.61% higher w/w.
Over the course of the week, strong performances in BUACEMENT (+4.44% w/w), MTNN (+10.31% w/w) , and GEREGU (+2.35% w/w) drove the market’s positive performance, outweighing losses in ETI (-17.01% w/w), NB (-10.77% w/w), and INTBREW (-10.21% w/w). Consequently, the year-to-date (YTD) return rose to 35.52%, while the market capitalization gained ₦3.26trn w/w to close at ₦57.29trn.
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 358.12m shares valued at ₦19.88bn were exchanged in 10,786 deals. TRANSCORP (-0.58%) led the volume chart with 92.87m units traded, while TRANSPOWER (+0.00%) led the value chart with deals worth ₦11.65bn.
Market breadth closed positive at a 1.33-to-1 ratio with advancing issues outnumbering the declining ones. MTNN (+9.99%) topped twenty-seven (27) others on the leader’s table while FTNCOCOA (-9.80%) led twenty (20) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 101,330.85 | 0.99 | 35.52 |
| Market Cap. (₦ ‘trillion) | 57.29 | 0.99 | 40.02 |
| Volume (millions) | 358.12 | -35.44 | |
| Value (₦ ‘billion) | 19.88 | 12.11 |
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 |
