Following the inauguration of the President-elect, the Lagos bourse reacted positively as the benchmark closed 5.23% stronger – the biggest single-day gain since 12 November 2020 – to settle at 55,745.74 points. Index heavyweights, MTNN (+7.53%), DANGCEM (+7.41%) and BUACEMENT (+4.55%) drove the market’s strong performance, alongside gains in Tier-1 banking names. As a result, the year-to-date (YTD) return rose to 8.77%, with the market capitalization up by ₦1.51trn to close at ₦30.35trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 106.07%. A total of 1.08bn shares valued at ₦15.80bn were exchanged in 9,916 deals. ACCESSCORP (+8.33%) led the volume and value charts with 199.62m units traded in deals worth ₦2.45bn.
Market breadth closed positive at a 14.50-to-1 ratio with advancing issues outnumbering declining ones. ZENITHBANK (+10.00%) led fifty-seven (57) others on the leader’s log while AIICO (-1.61%) topped three (3) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 55,745.74 | 5.23 | 8.77 |
| Market Cap. (₦ ‘trillion) | 30.35 | 5.23 | 8.74 |
| Volume (millions) | 1,078.23 | 133.49 | |
| Value (₦ ‘billion) | 15.80 | 106.70 |
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 |
