The local bourse opened the week on a quiet note, closing marginally lower by 3bps to settle at 104,529.62 points, as the market digested dividend adjustments and showed signs of selective interest.
UBA led the decliners, plunging 11.33% as it traded ex-dividend for its ₦3.00 payout, while Stanbic also traded ex-dividend for the same payout and shed 4.76% by the close. Sentiment remained broadly soft, weighed down by additional losses in Fidelity Bank (-6.19%), Nestlé (-1.96%), and Oando (-2.56%).
On the flip side, strength in VFD Group (+9.46%) helped steady the tape, with solid rebounds in MTNN (+3.57%), Access Holdings (+1.47%), UACN (+8.93%), and Wema Bank (+4.55%) offering a bit of lift.
Market turnover came in at ₦10.5 billion ($6.6 million), with activity concentrated in Zenith Bank, GTCO, Access Holdings, UBA, and Fidelity Bank. Year to date, the NGX ASI is up by 1.56%. As investors continue to navigate market volatility and more dividend.