In the first trading day of the year, the Nigerian equities opened on a bright note as the benchmark index gained 0.67% to close at 51,595.66 points – the highest point since 22 July 2022. The positive performance was driven primarily by gains in index heavyweight BUAFOODS (+10.00%) alongside Tier-1 banking names, GTCO (+1.09%), FBNH (+3.21%), and ACCESSCORP (+3.53%). As a result, year-to-date (YTD) return stood at 0.67% while market capitalisation gained ₦187.90bn to close at ₦28.10trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 40.86%. A total of 321.67m shares valued at ₦4.35bn were exchanged in 4,122 deals. FBNH (+3.21%) led the volume chart and value chart with 207.62m units traded in deals worth ₦2.47bn.
Market breadth closed positive at a 2.38-to-1 ratio with advancing issues outnumbering declining ones. BUAFOODS (+10.00%) led eighteen (18) others on the gainer’s log, while FCMB (-8.83%) topped seven (7) others on the laggard’s table
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 51,595.66 | 0.67 | 0.67 |
| Market Cap. (₦ ‘trillion) | 28.10 | 0.67 | 0.67 |
| Volume (millions) | 321.67 | -63.88 | |
| Value (₦ ‘billion) | 4.35 | -40.86 |
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
