Starting the week, the Lagos bourse halted its three-day winning streak as the All-Share Index lost 0.31% to settle at 52,348.82 points. Selloffs in Tier-1 banking names, ZENITHBANK (-3.72%), GTCO (-1.63%) and FBNH (-0.43%) drove the market’s weak performance. As a result, the year-to-date (YTD) return fell to 2.14%, while market capitalisation lost ₦89.14bn to close at ₦28.51trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session with the value of transactions up by 27.34%. A total of 221.85m shares valued at ₦3.25bn were exchanged in 5,219 deals. UBA (-4.19%) led the volume chart with 22.93m units traded while GTCO (-1.63%) led the value chart in deals worth ₦482.50m.
Market breadth closed negative at a 1.36-to-1 ratio with declining issues outnumbering advancing ones. LIVESTOCK (-7.69%) led eighteen (18) others on the laggard’s table while PRESCO (+9.67%) topped thirteen (13) others on the gainer’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 52,348.82 | -0.31 | 2.14 |
| Market Cap. (₦ ‘trillion) | 28.51 | -0.31 | 2.14 |
| Volume (millions) | 221.85 | 2.16 | |
| Value (₦ ‘billion) | 3.25 | 27.34 |
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 Securities
