Nigerian equities extended the bullish run as the benchmark index gained 0.36% to settle at 52,419.33 points. Gains in Tier-1 banking names ZENITHBANK (+1.45%), GTCO (+4.15%) and ACCESSCORP (+1.50%) were the main drivers of the market’s overall performance. Consequently, the year-to-date (YTD) return rose to 2.28% while the market capitalization rose by ₦102.39bn to close at ₦28.54trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 21.25%. A total of 576.85m shares valued at ₦6.79bn were exchanged in 6,143 deals. UBA (+2.38%) led the volume chart with 94.31m units traded, while ZENITHBANK (+1.45%) led the value chart in deals worth ₦1.40bn.
Market breadth closed positive at a 1.50-to-1 ratio with advancing issues outnumbering declining ones. NB (+9.97%) led twenty-three (23) others on the leader’s log while COURTVILLE (-6.52%) topped fifteen (15) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 52,419.33 | 0.36 | 2.28 |
| Market Cap. (₦ ‘trillion) | 28.54 | 0.36 | 2.25 |
| Volume (millions) | 576.85 | -7.91 | |
| Value (₦ ‘billion) | 6.79 | 21.25 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 | 14-Aug-23 | 24-Aug-23 |
| TOTAL | ₦21.00 | 26-Apr-23 | 2-Jun-23 |
| STANBIC | ₦2.00 | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 | 10-May-23 | 24-May-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 | 2-May-23 | 11-May-23 |
| SEPLAT | $0.075 (final) | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 | 17-Apr-23 | 2-May-23 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
