Today, bullish sentiment persisted on the Lagos bourse as the benchmark index posted a 0.58% gain to settle at 104,100.00 points. Gains in BUACEMENT (+5.87%), BUAFOODS (+1.56%) and GEREGU (+6.47%) offset losses in ZENITHBANK (-2.05%), GTCO (-0.38%) and DANGSUGAR (-4.66%), keeping the market in the green. Consequently, The year-to-date (YTD) return rose to 39.22%, while market capitalisation gained ₦329.25bn to close at ₦56.96trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 42.89%. A total of 284.49m shares valued at ₦6.91bn were exchanged in 8,168 deals. GTCO (-0.38%) led both the volume and value chart with 56.61m units traded in deals worth ₦2.22bn.
Market breadth closed negative at a 1.13-to-1 ratio with declining issues outnumbering the advancing ones. UNILEVER (-9.80%) topped twenty-five (25) others on the laggard’s table while UPL (+9.96%) led twenty-two (22) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 104,100.00 | 0.58 | 39.22 |
| Market Cap. (₦ ‘trillion) | 56.96 | 0.58 | 39.21 |
| Volume (millions) | 284.49 | -33.35 | |
| Value (₦ ‘billion) | 6.91 | -42.89 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| GEREGU | ₦8.00 | 28-Feb-24 | 28-Mar-24 |
| VITAFOAM | ₦1.56 | 13-Feb-24 | 7-Mar-24 |
| 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 |
Source: Coronation
