Extending its winning streak for the fifth consecutive session, the Lagos bourse maintained the positive momentum as the benchmark index closed 0.95% stronger at 52,097.62 points. Gains in AIRTELAFRI (+4.34%), MTNN (+0.44%) and ZENITHBANK (+2.27%) kept the market in the green. As a result, the ASI’s year-to-date (YTD) return increased to 1.65%, while the market capitalization gained ₦267.42bn to close at ₦28.37trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 120.04%. A total of 6.48bn shares valued at ₦19.47bn were exchanged in 5,109 deals. Again, TRANSCORP (+9.67%) led the volume and value charts with 6.13bn units traded in deals worth ₦15.57bn.
Market breadth closed positive at a 6.5-to-1 ratio with advancing issues outnumbering declining ones. LIVESTOCK (+10.00%) and ACADEMY (+10.00%) topped thirty-seven (37) others on the leader’s log while FIDELTYBK (-6.57%) topped five (5) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 52,097.62 | 0.95 | 1.65 |
| Market Cap. (₦ ‘trillion) | 28.37 | 0.95 | 1.62 |
| Volume (millions) | 6,476.21 | 209.85 | |
| Value (₦ ‘billion) | 19.47 | 120.04 |
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 |
Source: Coronation
