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
|Market Cap. (₦ ‘trillion)||38.80||-0.34||38.98|
|Value (₦ ‘billion)||7.75||39.35|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|FIDELITYBK||N 0.25 (interim)||15-Sep-23||22-Sep-23|
|SEPLAT ENERGY||3 US CENTS (interim)||18-Aug-23||30-Aug-23|