The Local Bourse extended the bullish run as the benchmark index gained 0.19% to settle at 70,613.60 points. Gains in GTCO (+0.85%), FBNH (+6.35%), and WAPCO (+0.52%) were the main drivers of the market’s overall performance, outweighing losses in ZENITHBANK (-0.89%), UBA (-0.24%), and TRANSCORP (-1.27%). As a result, the year-to-date (YTD) return rose to 37.78% while the market capitalization rose by ₦85.45bn to close at ₦38.80tn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 29.34%. A total of 449.28m shares valued at ₦5.44bn were exchanged in 7,100 deals. FBNH (+6.35%) led volume and value charts with 52.02m units traded in deals worth ₦1.03bn.
Market breadth closed positive at a 1.18-to-1 ratio with advancing issues outnumbering declining ones. PZ (+10.00%) led eighteen (18) others on the leader’s log while ETERNA (-8.62%) topped fifteen (15) others on the laggard’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||38.80||0.22||38.98|
|Value (₦ ‘billion)||5.44||-29.34|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|FIDELITYBK||N 0.25 (interim)||15-Sep-23||22-Sep-23|
|SEPLAT ENERGY||3 US CENTS (interim)||18-Aug-23||30-Aug-23|