The Lagos bourse rebounded after yesterday’s pullback as the benchmark Index gained 0.27% to close at 63,930.72 points. Gains in ZENITHBANK (+0.16%), GEREGU (+5.71%), and GTCO (+0.57%) pushed the broader index into positive territory. Accordingly, the market remains on for a week of gain. Consequently, the year-to-date (YTD) return rose to 24.74%, while market capitalisation gained ₦94.46bn to close at ₦34.81trn
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 79.21%. A total of 1.36bn shares valued at ₦18.07bn were exchanged in 7,179 deals. UBA (+2.65%) led the volume and value charts with 961.50m units traded in deals worth ₦13.31bn.
Market breadth closed positive at a 1.75-to-1 ratio, with advancing issues outnumbering declining ones. UPL (+10.00%) led twenty-seven (27) others on the gainer’s log, while COURTVILLE (-9.86%) topped fifteen (15) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 63,930.72 | 27 | 24.74 |
| Market Cap. (₦ ‘trillion) | 34.81 | 0.27 | 24.70 |
| Volume (millions) | 1,358.95 | 187.01 | |
| Value (₦ ‘billion) | 18.07 | 79.21 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 | 14-Aug-23 | 24-Aug-23 |
| FBNH | ₦0.50 | 09-Aug-23 | 16-Aug-23 |
| TOTAL | ₦21.00 | 26-Apr-23 | 02-Jun-23 |
| STANBIC | ₦2.00 | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 | 09-May-23 | 24-May-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 | 02-May-23 | 11-May-23 |
| SEPLAT | $0.08 | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 | 17-Apr-23 | 02-May-23 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
Source: Coronation
