Opening the week, the local equities ended mixed with a bearish tilt as the benchmark Index shed 0.35% to settle at 70,608.02 points. Gains in Telco Heavyweight, MTNN (+2.56%), ZENITHBANK (+1.36%) and GTCO (+0.84%) were offset by losses in BUACEMENT (-7.76%), ACCESSCORP (-0.29%) and INTBREW (-1.11%). As a result, the ASI’s year-to-date (YTD) return fell to 37.77%, while the market capitalization shed ₦132.61bn to close at ₦38.80trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 39.35%. A total of 474.39m shares valued at ₦7.75bn were exchanged in 7,630 deals. FIDELITYBK (+0.00%) led the volume chart with 94.05m units traded, while MTNN (+2.56%) led the value chart in deals worth ₦2.23bn.
Market breadth closed negative at a 1.25-to-1 ratio with declining issues outnumbering advancing ones. JAPAULGOLD (-9.09%) led fourteen (14) others on the laggard’s log while OANDO (+7.81%) topped eleven (11) others on the leader’s table.
Key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 70,608.02 | -0.35 | 37.77 |
| Market Cap. (₦ ‘trillion) | 38.80 | -0.34 | 38.98 |
| Volume (millions) | 479.39 | -14.79 | |
| Value (₦ ‘billion) | 7.75 | 39.35 |
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-23 |
