In the last trading session of the week, the domestic bourse reversed some of the week’s gains, bringing the All-Share Index down by 6bps to close at 54,327.30 points. Selloffs in telco heavyweight, MTNN (-0.82%) drove the market’s overall performance. Having gained in two (2) of five (5) trading sessions this week, the ASI closed 0.21% higher w/w, extending gains for the fifth consecutive week.
Over the course of the week, DANGCEM (+1.16% w/w), MTNN (+1.68% w/w) and WAPCO (+1.39% w/w) led the market’s gains. On the flip side, NB (-3.11% w/w), FBNH (-0.84% w/w) and ACCESSCORP (-1.09% w/w) contributed to roil the overall market. Consequently, the year-to-date (YTD) rose to 6.00%, while the market capitalisation gained ₦62.21bn w/w to close at ₦29.59trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 75.52%. A total of 175.66m shares valued at ₦5.33bn were exchanged in 3,563 deals. FBNH (+0.42%) led the volume chart with 30.22m shares traded while AIRTELAFRI (+0.00%) led the value chart in deals worth ₦5.29bn.
Market breadth closed negative at a 1.89-to-1 ratio, with declining issues outnumbering advancing ones. SOVRENINS (-9.09%) topped sixteen (16) others on the laggard’s log, while CONOIL (+9.95%) led eight (8) others on the leader’s table.
Find below key highlights of market activities
Indicators | Current | Change (%) | YTD |
All-Share Index | 54327.30 | -0.06 | 6.00 |
Market Cap. (₦ ‘trillion) | 29.59 | -0.06 | 6.00 |
Volume (millions) | 175.66 | -21.08 | |
Value (₦ ‘billion) | 5.33 | 75.52 |
Dividend Information for 2023
Company | Dividend (Bonus) | Closure Date | Payment Date |
GEREGU | ₦8.00 (final) | TBA | TBA |
MTNN | ₦10 (final) | 28-Mar-23 | 20-Apr-23 |
SEPLAT | $0.025 (interim) | 11-Nov-22 | 6-Dec-22 |
ACCESSCORP | ₦0.20 (interim) | 28-Sep-22 | 12-Oct-22 |
GTCO | ₦0.30 (interim) | 21-Sep-22 | 30-Sep-22 |
UBA | ₦0.20 (interim) | 22-Sep-22 | 29-Sep-22 |
STANBIC | ₦1.50 (interim) | 7-Sep-22 | 21-Sep-22 |
ZENITHBANK | ₦0.30 (interim) | 7-Sep-22 | 13-Sep-22 |
SEPLAT | $0.025 (interim) | 15-Aug-22 | 9-Sep-22 |
CUSTODIAN | ₦0.10 (interim) | 26-Aug-22 | 1-Sep-22 |
Source: Coronation Securities