Extending gains for the third consecutive session, the domestic bourse ended positive, as the ASI gained 6bps to settle at at 43,968.75 points. ZENITHBANK (+0.25%), FBNH (+1.99%) and GEREGU (+6.90%) were the primary drivers of the market’s performance. However, despite gaining in four (4) of five (5) trading sessions this week, the ASI closed 0.68% lower w/w, as the market failed to recoup Tuesday’s losses.
This week, selloffs in AIRTELAFRI (-0.39% w/w), DANGCEM (-0.62% w/w) and MTNN (-2.04% w/w) kept the market in the red, eroding gains in FBNH (+3.54%), ACCESSCORP (+1.26%), GEREGU (+8.50%). As a result, the ASI’s year-to-date (YTD) return fell to 2.93%, while the market capitalisation lost ₦161.54bn w/w to close at ₦23.95tn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 30.05%. A total of 209.71m shares valued at ₦2.17bn were exchanged in 2,942 deals. ACCESSCORP (+0.00%) led the volume and value charts with 81.34m units traded in deals worth ₦654.72m.
Market breadth closed positive at a 2.17-to-1 ratio with advancing issues outnumbering declining ones. CORNERST (+10.00%) topped twelve (12) others on the gainer’s table, while FLOURMILL (-9.90%) led five (5) others on the laggard’s log.
Find below key highlights of market activities.
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 43,968.75 | 0.06 | 2.93 |
| Market Cap. (₦ ‘trillion) | 23.95 | 0.06 | 7.42 |
| Volume (millions) | 209.71 | -48.22 | |
| Value (₦ ‘billion) | 2.17 | -30.05 |
| 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
