For the third consecutive session, the Lagos bourse maintained the bull run bringing the benchmark index up by 0.23% to close at 48,366.69 points.. Sustained buying interest in industrial heavyweight, BUACEMENT (+2.50%) drove the market’s positive performance alongside WAPCO (+0.92%), UBA (+0.69%) and ETI (+4.98%) offsetting losses in banking names, ZENITHBANK (-0.68%), GTCO (-1.64%) and FBNH (-1.37%). As a result, the year-to-date (YTD) return rose to 13.23%, with the market capitalisation increasing by ₦61.60bn to close at ₦26.34trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 13.37%. A total of 182.80m shares valued at ₦3.55bn were exchanged in 3,114 deals. FBNH (-1.37%) led the volume chart with 66.11m units traded while GEREGU (-2.44%) led the value chart in deals worth ₦1.75bn.
Market breadth closed positive at a 1.25-to-1 ratio with advancing issues outnumbering declining ones. HONYFLOUR (+8.06%) topped fourteen (14) others on the leader’s log, while UPDC (-7.07%) led eleven (11) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 48,366.69 | 0.23 | 13.23 |
| Market Cap. (₦ ‘trillion) | 26.34 | 0.23 | 18.15 |
| Volume (millions) | 182.80 | -71.16 | |
| Value (₦ ‘billion) | 3.55 | -13.37 |
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
