Extending the bullish run for second consecutive session, Nigerian equities posted strong gains as the benchmark Index ended 3.13% stronger to settle at 59,985.10 points. Sustained demands in index heavyweight MTNN (+10.00%), alongside ZENITHBANK (+9.74%), GTCO (+9.42%) and SEPLAT (+10.00%) drove the broader index’s strong performance outweighing losses in DANGCEM (-0.98%), BUACEMENT (-6.52%), JBERGER (-4.46%) and ARDOVA (-5.06%). Consequently, the year-to-date (YTD) return rose to 17.04%, with market capitalisation gaining ₦991.81bn to close at ₦32.66trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 9.65%. A total of 1.30bn shares valued at ₦21.08bn were exchanged in 11,947 deals. UBA (+9.63%) led the volume chart with 230.76m units traded, while GTCO (+9.42%) led the value chart in deals worth ₦4.20bn.
Market breadth closed positive at a 6.00-to-1 ratio with advancing issues outnumbering declining ones. MTNN (+10.00%) topped fifty-three (53) others on the leader’s table, while BUACEMENT (-6.52%) led eight (8) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 59,985.10 | 3.13 | 17.04 |
| Market Cap. (₦ ‘trillion) | 32.66 | 3.13 | 17.01 |
| Volume (millions) | 1,296.66 | 9.28 | |
| Value (₦ ‘billion) | 21.08 | 9.65 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 (final) | 14-Aug-23 | 24-Aug-23 |
| TOTAL | ₦21.00 (final) | 26-Apr-23 | 2-Jun-23 |
| STANBIC | ₦2.00 (final) | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 (final) | 9-May-23 | 24-May-23 |
| NESTLE | ₦36.50 (final) | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 (final) | 2-May-23 | 11-May-23 |
| SEPLAT | $0.075 (final) | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 (final) | 17-Apr-23 | 2-May-23 |
| WAPCO | ₦2.00 (final) | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 (final) | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 (final) | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 (final) | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 (final) | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 (final) | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 (final) | 28-Feb-23 | 29-Mar-23 |
