The local equities ended lower today reversing some of the gains of yesterday’s session as the benchmark index lost 0.49% to close at 71,457.92 points. Selloffs in Tier 1 banks namely, ZENITHBANK (-2.35%) GTCO (-1.76%) and UBA (-0.45%) outweighed gains in NB (+0.13%) INTERBREW (+5.63) and STERLINGNG (+1.83) putting the market in the red. Accordingly, the market is on track for another week of gain. Consequently, the year-to-date (YTD) return fell to 39.43%, as market capitalization shed ₦191.92bn to close at ₦39.10trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 15.64%. A total of 436.56m shares valued at ₦7.55bn were exchanged in 7,096 deals. UNIVINSURE (+8.00%) led the volume chart with 52.73m units traded while NB (+0.13) led the value chart in deals worth ₦1.39bn.
Market breadth closed negative at a 1.23-to-1 ratio with declining issues outnumbering advancing ones. FBNH (-9.98%) topped twenty-six (26) others on the laggard’s table while MULTIVERSE (+9.91%) led twenty-one (21) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 71,457.92 | -0.49 | 39.43 |
| Market Cap. (₦ ‘trillion) | 39.10 | -0.49 | 40.08 |
| Volume (millions) | 436.56 | -36.73 | |
| Value (₦ ‘billion) | 7.55 | -37.62 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| SEPLAT ENERGY | $0.03 (Q3 interim) | 13-Nov-23 | 24-Nov-23 |
| 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 |
