Stanbic IBTC Holdings declares  interim dividend of N2.00 per share as ASI up 0.1% 

Stanbic IBTC Holdings PLC has declare on the floor of the Nigerian Exchange an interim dividend of N2.00 per ordinary share of 50 kobo each, amounting to N25.9bn, for the period ended 30 June 2024. The dividend will be paid on 30 September 2024 to shareholders registered by 18 September 2024. Shareholders are advised to ensure completion of their e-dividend registration to receive payments directly into their bank accounts. Today, gains in OANDO (+7.6%) STANBIC (+3.6%) and GTCO (+0.9%) pushed the NGX-ASI higher by 0.1% to close at 96,873.74 index points As a result, YTD return improved to 29.6% (previously 29.4%) while market capitalisation inched higher by 0.1% to close a N55.6t. Activity level declined as both volume and value traded dipped 5.0% and 5.7% to 473.0m unitsand N10.4bn, respectively.

Performance across our coverage sectors was bearish as four indices closed in the red, while the other two gained. Leading the laggards, the Insurance and Consumer Goods indices fell 0.4% and 0.3% respectively, due to price decline in AlICO (-5.8%), SUNUASSURE (-4.7%), DANGSUGAR (-21%) and NB (-1.8%). The Banking and Industrial Goods indices followed suit, down Gops and 2bps respectively, due to sell pressure on ZENITH (-1.8%), FBNH (-1.8%), WAPCO (-0.4%) and CUTIX (-10%). On the flip side, the Oil & Gas and AFR-ICT rose 59bps and 5bps accordingly, following price uptick in

OANDO (+7.6%), ETERNA (+9.9%), ETRANZACT (+9.8%) and CWG (+2.8%). |