The Nigerian equities sustained the bearish run as the benchmark index lost 1.20% to close at 98,121.30 points. Renewed Investors interest in blue-chip ZENITHBANK (+1.67%), GTCO (+0.70%) and FCMB (+9.23%) was preponderated by selloff in telco heavyweight MTNN (-10.00%) alongside TRANSCOHOT (-10.00%) and FBNH (-9.82%), leaving the market in the red. The year-to-date (YTD) return slipped to 31.22%, as market capitalisation shed ₦673.16bn to close at ₦55.49trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 22.10%. A total of 395.75m shares valued at ₦9.58bn were exchanged in 7,907 deals. GTCO (+0.70%) led the volume and value chart with 81.41m units traded in deals worth ₦2.93bn.
Market breadth closed positive at a 1.05-to-1 ratio with advancing issues outnumbering the declining ones. NEIMETH (+10.00%) topped nineteen (19) others on the leader’s table while MTNN (-10.00%) eighteen (18) others on the laggard’s log
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 98,121.30 | -1.20 | 31.22 |
| Market Cap. (₦ ‘trillion) | 55.49 | -1.20 | 35.62 |
| Volume (millions) | 395.75 | -31.10 | |
| Value (₦ ‘billion) | 9.58 | 22.10 |
Dividend Information for 2024
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.00 | 12-Aug-24 | 29-Aug-24 |
| TOTAL | ₦25.00 | 24-Apr-24 | 24-Jun-24 |
| SEPLAT ENERGY | $0.03 | 29-Apr-24 | 29-May-24 |
| DANGCEM | ₦30.00 | 16-Apr-24 | 29-Apr-24 |
| UCAP | ₦1.80 | 10-Apr-24 | 23-Apr-24 |
| ACCESSCORP | ₦1.80 | 11-Apr-24 | 19-Apr-24 |
| LAFAERGE | ₦1.90 | 2-Apr-24 | 16-Apr-24 |
| NGXGROUP | ₦0.75 | 27-Mar-24 | TBA |
| GEREGU | ₦8.00 | 28-Feb-24 | 28-Mar-24 |
| VITAFOAM | ₦1.56 | 13-Feb-24 | 7-Mar-24 |
| 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 |
| MTNN | ₦5.60 (interim) | 17-Aug-23 | 24-Aug-23 |
| NGXGROUP | ₦0.25 | 31-Jul-23 | 31-Aug-23 |
| FBNH | ₦0.50 | 9-Aug-23 | 16-Aug-23 |
| AIRTELAFRI | 3.27 | 22-Jun-23 | 26-Jul-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.00 | 12-Aug-24 | 29-Aug-24 |
| TOTAL | ₦25.00 | 24-Apr-24 | 24-Jun-24 |
| SEPLAT ENERGY | $0.03 | 29-Apr-24 | 29-May-24 |
| DANGCEM | ₦30.00 | 16-Apr-24 | 29-Apr-24 |
| UCAP | ₦1.80 | 10-Apr-24 | 23-Apr-24 |
| ACCESSCORP | ₦1.80 | 11-Apr-24 | 19-Apr-24 |
| LAFAERGE | ₦1.90 | 2-Apr-24 | 16-Apr-24 |
| NGXGROUP | ₦0.75 | 27-Mar-24 | TBA |
| GEREGU | ₦8.00 | 28-Feb-24 | 28-Mar-24 |
| VITAFOAM | ₦1.56 | 13-Feb-24 | 7-Mar-24 |
| 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 |
| MTNN | ₦5.60 (interim) | 17-Aug-23 | 24-Aug-23 |
| NGXGROUP | ₦0.25 | 31-Jul-23 | 31-Aug-23 |
| FBNH | ₦0.50 | 9-Aug-23 | 16-Aug-23 |
| AIRTELAFRI | 3.27 | 22-Jun-23 | 26-Jul-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
