Despite the topsy-turvy performance, Nigerian equities ended the week on a positive note, as the All-Share index closed 1.04% stronger to settle at 48,154.65 points, the highest point since 5 October. Gains in telco heavyweights, AIRTELAFRI (+2.62%) and MTNN (+2.33%) pushed the broader index into the positive terrain. Having gained in two (2) of five (5) trading sessions this week, the ASI closed 1.26% higher w/w, its third consecutive weekly growth.
During the week, strong performances across AIRTELAFRI (+2.62% w/w), MTNN (+4.76% w/w) and ZENITHBANK (+3.88% w/w) were sufficient to offset the selloffs in BUACEMENT (-2.53% w/w) and STANBIC (-0.33% w/w). As a result, the year-to-date (YTD) return rose to 12.73%, while the market capitalisation gained ₦326.98bn w/w to close at ₦26.23trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 77.45%%. A total of 159.83m shares valued at ₦5.05bn were exchanged in 3,080 deals. FBNH (+0.00%) led the volume chart with 47.95m units traded while MTNN (+2.33%) led the value chart in deals worth ₦3.19bn.
Market breadth closed positive at a 1.36-to-1 ratio with advancing issues outnumbering declining ones. WEMABANK (+9.94%) led eighteen (18) others on the leader’s table while ACADEMY (-9.35%) topped thirteen (13) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 48,154.65 | 1.04 | 12.73 |
| Market Cap. (₦ ‘trillion) | 26.23 | 1.05 | 17.63 |
| Volume (millions) | 159.83 | -7.56 | |
| Value (₦ ‘billion) | 5.05 | 77.45 |
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
