Closing the week, the local bourse ended the session on a positive note, bringing the All-Share index up by 1.56% to close at 105,722.78 points. Buy interests in BUAFOODS (+10.00%), ZENITHBANK (+0.14%), and GEREGU (+9.90%) offset selloffs in GTCO (-0.13%), ACCESSCORP (-2.17%) and FLOURMILL (-10.00%) keeping the market in the positive terrain. Having gained in 4 of 5 trading sessions this week, the ASI closed 3.79% higher w/w.
Over the course of the week, strong performances in AIRTELAFRI (+10.00% w/w), BUAFOODS (+20.82% w/w) , and GEREGU (+33.30% w/w) drove the market’s positive performance, outweighing losses in BUACEMENT (-4.62% w/w), ACCESSCORP (-9.09% w/w), and DANGSUGAR (-3.33% w/w). Consequently, the year-to-date (YTD) return rose to 41.39%, while the market capitalisation gained ₦2.11trn w/w to close at ₦57.85trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 16.43%. A total of 342.52m shares valued at ₦8.05bn were exchanged in 8,395 deals. FBNH (+7.69%) led both the volume and value chart with 49.92m units traded in deals worth ₦1.40bn.
Market breadth closed negative at a 1.22-to-1 ratio with declining issues outnumbering the advancing ones. FLOURMILL (-10.00%) topped twenty-seven (27) others on the laggard’s table while BUAFOODS (+10.00%) led twenty-two (22) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 105,722.78 | 1.56 | 41.39 |
| Market Cap. (₦ ‘trillion) | 57.85 | 1.56 | 41.38 |
| Volume (millions) | 342.52 | 20.40 | |
| Value (₦ ‘billion) | 8.05 | 16.43 |
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 |
Source: Coronation
