In the last trading session of the week, the domestic bourse ended the week on a positive note as the All-Share Index closed 1.09% stronger to settle at 44,492.73 points. Gains in telco heavyweight, MTNN (+4.79%) as well as recovery in Tier-1 banks, ZENITHBANK (+0.23%) and GTCO (+2.37%) pushed the broader index into positive terrain. Having gained in three (3) of five (5) trading sessions this week, the ASI closed 1.19% higher w/w.
Over the course of the week, strong performances across MTNN (+2.60% w/w), ZENITHBANK (+7.02% w/w) and GTCO (+10.83% w/w) were sufficient to offset the selloff in WAPCO (-5.62% w/w), UBA (-0.69% w/w) and DANGSUGAR (-2.76% w/w). Consequently, the year-to-date (YTD) return rose to 4.16%, while the market capitalisation gained ₦283.29bn w/w to close at ₦24.23trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 45.76%. A total of 146.68m shares valued at ₦1.24bn were exchanged in 3,028 deals. TRANSCORP (+0.91%) led the volume chart with 24.36m units traded while FBNH (+3.77%) led the value chart in deals worth ₦237.35m.
Market breadth closed positive at a 1.55-to-1 ratio with advancing issues outnumbering declining ones. NB (+10.00%) topped sixteen (16) others on the gainer’s table, while FIDSON (-9.34%) led ten (10) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 44,492.73 | 1.09 | 4.16 |
| Market Cap. (₦ ‘trillion) | 24.23 | 1.09 | 7.50 |
| Volume (millions) | 146.68 | 50.13 | |
| Value (₦ ‘billion) | 1.24 | 45.76 |
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 Research
