The domestic bourse succumbed to sell pressure as the All-Share Index shed 2.47% to close at 64,046.93 points, ending its five-day winning streak. Selloffs in index heavyweight, DANGCEM (-9.62%) alongside NESTLE (-1.34%) and ACCESSCORP (-4.16%) underpinned the market’s weak performance despite the recovery in ZENITHBANK (+0.73%) and GTCO (+0.28%). Consequently, the year-to-date (YTD) return fell to 24.97%, while market capitalization lost ₦883.39bn to close at ₦34.87trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 34.87%. A total of 1.16bn shares valued at ₦12.69bn were exchanged in 13,878 deals. UBA (-0.70%) led the volume and value charts with 177.79m units traded in deals worth ₦2.44bn.
Market breadth closed negative at a 9.40 to-1 ratio with declining issues outnumbering advancing ones. FBNH (-10.00%) topped forty-six (46) others on the laggard’s table, while COURTVILLE (+10.00%) led four (4) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 64,046.93 | -2.47 | 24.97 |
| Market Cap. (₦ ‘trillion) | 34.87 | -2.47 | 24.93 |
| Volume (millions) | 1,163.23 | 37.71 | |
| Value (₦ ‘billion) | 12.69 | 34.87 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 | 14-Aug-23 | 24-Aug-23 |
| FBNH | ₦0.50 | 09-Aug-23 | 16-Aug-23 |
| TOTAL | ₦21.00 | 26-Apr-23 | 02-Jun-23 |
| STANBIC | ₦2.00 | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 | 09-May-23 | 24-May-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 | 02-May-23 | 11-May-23 |
| SEPLAT | $0.08 | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 | 17-Apr-23 | 02-May-23 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
