Ending an almost perfect week, Nigerian equities closed the day 0.89% stronger, bringing the All-Share Index to settle at 52,512.48 points, the highest point since 15 June 2022. The market was buoyed today by sustained gains in telco heavyweight, MTNN (+4.50%), alongside ZENITHBANK (+1.79%) and WAPCO (+1.81%). Having gained in four (4) of five (5) trading sessions this week, the ASI closed 2.52% higher w/w, it’s first weekly gain in the year.
Over the course of the week, DANGCEM (+3.05% w/w), MTNN (+6.93% w/w) and BUACEMENT (+3.59% w/w) were the main drivers of the week’s gain. Consequently, the year-to-date (YTD) return rose to 2.46%, while the market capitalization gained ₦702.71bn w/w to close at ₦28.60trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session with the value of transactions down by 66.96%. A total of 217.16m shares valued at ₦2.55bn were exchanged in 4,591 deals. ZENITHBANK (+1.79%) led the volume and value chart with 20.31m units traded in deals worth ₦517.74m.
Market breadth closed positive at a 4.14-to-1 ratio with advancing issues outnumbering declining ones. TOTAL (+10.00%) led twenty-eight (28) others on the gainer’s table while FIDSON (-4.60%) topped six (6) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 52,512.48 | 0.89 | 2.46 |
| Market Cap. (₦ ‘trillion) | 28.60 | 0.89 | 2.46 |
| Volume (millions) | 217.16 | 2.56 | |
| Value (₦ ‘billion) | 2.55 | -66.96 |
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
