Nigerian equities extended the strong bullish run as the benchmark index inched up by 0.12% to close at 48,426.49 points, the highest point since 05 October 2022. Investors interests in NESTLE (+1.67%), NB (+4.62%) and GEREGU (+2.78%) offset losses in ZENITHBANK (-0.23%), GTCO (-0.24%) and UBA (-0.68%). Consequently, the year-to-date (YTD) return rose to 13.37%, while market capitalisation gained ₦32.57bn to close at ₦26.38trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 5.55%. A total of 146.21m shares valued at ₦3.36bn were exchanged in 2,810 deals. FBNH (+0.00%), led the volume chart with 59.27m units traded, while GEREGU (+2.78%) led the value chart in deals worth ₦1.53bn.
Market breadth closed negative at a 1.45-to-1 ratio with declining issues outnumbering advancing ones. UNITYBNK (-7.02%) topped fifteen (15) others on the laggard’s table, while JAPAULGOLD (+7.41%) led ten (10) others on the gainer’s log.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||26.38||0.12||18.30|
|Value (₦ ‘billion)||3.36||-5.55|
Dividend Information for 2022
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|OKOMU OIL||₦7.00 (interim)||26-Aug-22||29-Aug-22|