Nigerian equities opened the week strong today as the benchmark index gained 0.49% to close at 51,606.49 points. The market’s performance was primarily driven by demand in telco heavyweight MTNN (+2.23%) alongside ZENITHBANK (+0.46%), WAPCO (+1.96%) and STANBIC (+3.93%). As a result, the ASI year-to-date (YTD) return rose to 0.69%, while the market capitalisation gained ₦136.54bn to close at ₦28.10trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 75.08%. A total of 2.09bn shares valued at ₦8.85bn were exchanged in 6,404 deals. TRANSCORP (+9.80%) led the volume and value charts with 1.66bn units traded in deals worth ₦4.09bn.
Market breadth closed positive at a 3.86-to-1 ratio with advancing issues outnumbering declining ones. JAPAULGOLD (+10.00%) topped twenty-six (26) others on the leader’s log while WAPIC (-7.32%) topped six (6) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 51,606.49 | 0.49 | 0.69 |
| Market Cap. (₦ ‘trillion) | 28.10 | 0.49 | 0.66 |
| Volume (millions) | 2,090.12 | 247.90 | |
| Value (₦ ‘billion) | 8.85 | 75.08 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 (final) | 11-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 | ₦1.50 (final) | 9-May-23 | 24-May-23 |
| NESTLE | ₦36.50 (final) | 28-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 (final) | 2-May-23 | 11-May-23 |
| SEPLAT | $0.075 (final) | 19-Apr-23 | 10-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 |
| SEPLAT | $0.025 (interim) | 11-Nov-22 | 6-Dec-22 |
| ACCESSCORP | ₦0.20 (interim) | 28-Sep-22 | 12-Oct-22 |
Source: Coronation
