Equities on the Lagos bourse edged higher today as the benchmark index advanced by 0.29% to close at 55,670.24 points. Telco heavyweight, AIRTELAFRI (+0.89%) was the major driver of the market’s positive performance. The gain puts the index on track for a weekly gain. Consequently, the year-to-date (YTD) return rose to 8.62%, while market capitalisation gained ₦88.05bn to close at ₦30.33trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 50.45%. A total of 206.11m shares valued at ₦3.26bn were exchanged in 4,385 deals. TRANSCORP (-7.97%) led the volume chart with 29.75m units traded while AIRTELAFRI (+0.89%) led the value chart in deals worth ₦959.11m.
Market breadth closed negative at a 1.75-to-1 ratio with declining issues outnumbering advancing ones. TRANSCORP (-7.97%) topped twenty (20) others on the laggard’s log while DANGSUGAR (+9.94%) led eleven (11) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 55,670.24 | 0.29 | 8.62 |
| Market Cap. (₦ ‘trillion) | 30.33 | 0.29 | 8.64 |
| Volume (millions) | 206.11 | -63.57 | |
| Value (₦ ‘billion) | 3.26 | -50.45 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 (final) | TBA | TBA |
| GEREGU | ₦8.00 (final) | TBA | TBA |
| NESTLE | ₦36.50 (final) | 28-Apr-23 | 18-May-23 |
| SEPLAT | $0.075 (final) | 19-Apr-23 | 10-May-23 |
| WAPCO | N2.00 (final) | 11-Apr-23 | 28-Apr-23 |
| NB | N1.03 (final) | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 (final) | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 (final) | 28-Mar-23 | 20-Apr-23 |
