Ending the perfect week, Nigerian equities closed the session stronger, bringing the All-Share index up by 2.04% to settle at 47,554.34 points, the highest point since 14 October. Telco heavyweights, AIRTELAFRI (+7.41%) and MTNN (+5.00%) were the primary drivers of the market’s strong close. Notably, having gained in all five (5) trading sessions this week, the ASI closed 6.88% higher w/w, the largest weekly gain since 18 December 2020.
Over the course of the week, strong bullish sentiment in index heavyweights, AIRTELAFRI (+14.17 w/w), DANGCEM (+9.98% w/w) and MTNN (+6.60% w/w) offset losses in NESTLE (-20.67% w/w), SEPLAT (-3.57% w/w) and PRESCO (-8.71% w/w). As a result, the year-to-date (YTD) return rose to 11.33%, while the market capitalisation gained ₦1.67tn w/w to close at ₦25.90tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 154.41%. A total of 98.98m shares valued at ₦5.52bn were exchanged in 2,780 deals. FCMB (-0.91%) led the volume chart with 16.84m units traded while MTNN (+5.00%) led the value chart in deals worth ₦3.30bn. Market breadth closed positive at a 2.29-to-1 ratio with advancing issues outnumbering declining ones. REGALINS (+8.70%) topped fifteen (15) others on the gainer’s table while NESTLE (-10.00%) led six (6) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 47,554.34 | 2.04 | 11.33 |
| Market Cap. (₦ ‘trillion) | 25.90 | 2.04 | 16.17 |
| Volume (millions) | 98.98 | -28.58 | |
| Value (₦ ‘billion) | 5.52 | 154.41 |
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 |
