Today, the bears dominated the domestic bourse as the NGX All-Share Index (ASI) slipped by 0.17% to settle at 66,984.62 points. The market’s weak performance was primarily driven by selloffs in Tier-1 Banking Names, ZENITHBANK (-0.47%), GTCO (-0.70%) and ACCESSCORP (-1.25%). Consequently, the ASI’s year-to-date (YTD) return fell to 30.70% while the market capitalisation lost ₦64.12bn to close at ₦36.80trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 125.19%. A total of 257.42m shares valued at ₦7.80bn were exchanged in 6,498 deals. FIDELITYBK (+0.00%) led volume chart with 53.37m units traded while SEPLAT (+0.00%) led the value charts in deals worth ₦3.85bn.
Market breadth closed negative at a 2.63-to-1 ratio with declining issues outnumbering advancing ones. PRESCO (-9.54%) led twenty (20) others on the laggard’s log while CHAMS (+9.38%) topped seven (7) others on the leader’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 66,984.62 | -0.17 | 30.70 |
| Market Cap. (₦ ‘trillion) | 36.80 | -0.17 | 31.83 |
| Volume (millions) | 257.42 | -4.18 | |
| Value (₦ ‘billion) | 7.80 | 125.19 |
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 |
Source: Coronation
