Closing the week, the Lagos bourse ended the session on a positive note, bringing the All-Share index up by 0.40% to close at 54,213.09 points. Sustained interests in telco heavyweight, MTNN (+1.88%), alongside ZENITHBANK (+0.40%), GTCO (+0.60%) and WAPCO (+0.60%) kept the market in the green. Consequently, having gained in all five trading sessions this week, the ASI closed 2.95% higher w/w, its fourth consecutive weekly gain.
Over the course of the week, strong performance across index heavyweights, AIRTELAFRI (+3.11% w/w), MTNN (+5.73% w/w) and SEPLAT (+20.45% w/w) drove the market’s performance. As a result, the year-to-date (YTD) return rose to 5.78%, while the market capitalization gained ₦847.08bn w/w to close at ₦29.53trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 70.82%. A total of 268.02m shares valued at ₦2.35bn were exchanged in 4,017 deals. GTCO (+0.60%) led the volume and value charts with 20.80m units traded in deals worth ₦522.21m.
Market breadth closed positive at a 4.17-to-1 ratio, with advancing issues outnumbering declining ones. FTNCOCOA (+10.00) topped twenty-four (24) others on the leader’s log, while MAYBAKER (-2.89%) led five (5) others on the laggard’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||29.53||0.40||5.78|
|Value (₦ ‘billion)||2.35||-70.82|
Dividend Information for 2022
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|OKOMU OIL||₦7.00 (interim)||26-Aug-22||29-Aug-22|
Source: Coronation Security