Nigerian equities opened the week strong as the benchmark index gained 0.47% to close at 44,701.84 points, the highest point since 25 October. The market’s performance was primarily driven by demand in ZENITHBANK (+1.64%), GTCO (+0.26%) and FBNH (+1.82%). Consequently, the year-to-date (YTD) return rose to 4.65%, while the market capitalisation gained ₦113.90bn to close at ₦24.35trn.
Analysis of market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 57.79%. A total of 159.56m shares valued at ₦1.95bn were exchanged in 3,607 deals. TRANSCORP (+1.80%) led the volume chart with 35.24m units traded while SEPLAT (+0.00%) led the value chart in deals worth ₦478.43m.
Market breadth closed positive at a 4.33-to-1 ratio with advancing issues outnumbering declining ones. NB (+9.94%) topped twenty-five (25) others on the gainer’s table, while JAPAULGOLD (-7.14%) led five (5) others on the laggard’s log.
Find below key highlights of market activities.
|Market Cap. (₦ ‘trillion)||24.35||0.47||9.20|
|Value (₦ ‘billion)||1.95||57.79|
Dividend Information for 2022
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|OKOMU OIL||₦7.00 (interim)||26-Aug-22||29-Aug-22|