The Lagos bourse rounded off the week recouping some previous session losses as the benchmark index gained 8bps to settle at 67,136.58 points. Buying interest in SEPLAT (+3.70%), ZENITHBANK (+0.60%) and GTCO (+1.00%) was the sole drivers of the market’s performance outweighing declines in MTNN (-1.00%), WAPCO (-0.88%) and NB (-5.13%). Having gained in two (2) of five (5) trading sessions this week, the ASI closed 0.33% higher w/w.
During the week, gains in SEPLAT (+3.70% w/w), ZENITHBANK (+0.76% w/w) and NESTLE (+2.94% w/w) offset losses in MTNN (-1.20% w/w), GTCO (-0.42% w/w) and STANBIC (-2.59% w/w) keeping the broader index from a bear market. Consequently, the year-to-date (YTD) return rose to 31.00%, while the market capitalization gained ₦121.51bn w/w to close at ₦36.89trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 1.32%. A total of 214.15m shares valued at ₦5.18bn were exchanged in 5,325 deals. TRANSCORP (-2.05%) led the volume chart with 24.30m units traded, while GEREGU (+2.70%) led the value chart in deals worth ₦1.36bn.
Market breadth closed positive at a 1.11-to-1 ratio with advancing issues outnumbering declining ones. BERGER (+10.00%) led twenty (20) others on the leader’s log while ACADEMY (-9.90%) topped eighteen (18) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 67,136.58 | 0.08 | 31.00 |
| Market Cap. (₦ ‘trillion) | 36.89 | 0.08 | 32.13 |
| Volume (millions) | 214.15 | -19.99 | |
| Value (₦ ‘billion) | 5.18 | 1.32 |
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 |
