In the final trading day of the year, the bulls maintained their grip over the market to close the week in the green. As a result, the All-Share Index gained 1.89% – the largest single day gain in the month – to close at 51,251.06 points, the highest level since 25 July. The overall market was driven by gains in AIRTELAFRI (+9.88%), GEREGU (+6.66%) and PRESCO (+10.00%) as investors begin to take positions ahead of FY 2022 earning season. Having gained in all five trading sessions this week, the ASI closed 3.59% higher w/w, its seventh consecutive weekly gain.
Over the course of the year, some of the top performers include PZ (+86.07% y/y), GUINNESS (+77.69% y/y), AIRTELAFRI (+71.20% y/y), FIDELITYBK (+70.59% y/y) and SEPLAT (+69.23% y/y), while some of the laggards include HONYFLOUR (-31.18% y/y), NESTLE (-29.33% y/y), UNILEVER (-20.00% y/y), NB (-18.00% y/y) and GTCO (-11.54% y/y). In summary, the NGX Exchange finished the year, up 19.98% y/y – the third consecutive annual gain, while the market capitalization added ₦5.62trn y/y to close at ₦27.92trn.
NGX Sector Indices: Year to date, the performance of all sector indices under our coverage closed largely positive. NGX Oil and Gas was the best performer gaining 34.60%, followed by NGX Industrial (+19.67%), NGX Pension (+5.38%), NGX Banking (+5.84%) and NGX 30 (+5.38%) while NGX Consumer goods (-0.15%) and NGX Insurance (-12.34%) were the laggards. Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 5.06%. A total of 890.68m shares valued at ₦7.36bn were exchanged in 3,566 deals. SOVERENINS (+0.00%) led the volume chart with 523.93m units traded, while PRESCO (+10.00%) led the value chart in deals worth ₦1.61bn.
Market breadth closed negative at a 1.07-to-1 ratio with declining issues outnumbering advancing ones. FIDSON (-8.16%) led fifteen (15) others on the laggard’s table, while PRESCO (+10.00%) topped fourteen (14) others on the gainer’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 51,251.06 | 1.89 | 19.98 |
| Market Cap. (₦ ‘trillion) | 27.92 | 1.89 | 25.20 |
| Volume (millions) | 890.68 | 81.59 | |
| Value (₦ ‘billion) | 7.36 | -5.06 |
Dividend Information for 2022
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| 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 |
| OKOMU OIL | ₦7.00 (interim) | 26-Aug-22 | 29-Aug-22 |
| MTNN | ₦5.60 (interim) | 19-Aug-22 | 26-Aug-22 |
| BUAFOODS | ₦3.50 | 14-Jul-22 | 4-Aug-22 |
| AIRTELAF | $0.03 (final) | 23-Jun-22 | 22-Jul-22 |
| BUACEMENT | ₦2.60 | 15-Jul-22 | 21-Jul-22 |
| FBNH | ₦0.35 | 14-Jun-22 | 21-Jun-22 |
| NESTLE | ₦25.50 | 3-Jun-22 | 30-Jun-22 |
| TOTAL | ₦18.20 (final) | 29-Apr-22 | 17-Jun-22 |
| DANGSUGAR | ₦1.00 | 2-Jun-22 | 15-Jun-22 |
| NB | ₦1.20 (final) | 16-Mar-22 | 22-Apr-22 |
| WAPCO | ₦1.00 (final) | 8-Apr-22 | 21-Apr-22 |
Source: Coronation Securities
