The local equities ended lower today reversing some of the gains of yesterday’s session as the benchmark index lost 0.38% to close at 67,098.80 points. Demand in GTCO (+0.71%) was not sufficient to offset selloffs in index heavyweights, MTNN (-0.20%) alongside NESTLE (-0.49%) and ZENITHBANK (-0.75%) putting the market in the red. Accordingly, the market is on track for another week of loss. Consequently, the year-to-date (YTD) return fell to 30.92%, as market capitalisation shed ₦139.79bn to close at ₦36.86trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 4.60%. A total of 298.69m shares valued at ₦4.48bn were exchanged in 5,453 deals. UBA (+0.00%) led the volume and value charts with 56.29m units traded in deals worth ₦1.05bn.
Market breadth closed negative at a 2.00-to-1 ratio with declining issues outnumbering advancing ones. STANBIC (-8.49%) topped nineteen (19) others on the laggard’s table, while LEARNAFRICA (+10.00%) led nine (9) others on the leader’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 67,098.80 | -0.38 | 30.92 |
| Market Cap. (₦ ‘trillion) | 36.86 | -0.38 | 32.06 |
| Volume (millions) | 298.69 | -24.87 | |
| Value (₦ ‘billion) | 4.48 | -4.60 |
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
