Opening the week, the local bourse rebounded, up 0.12% to settle at 52,657.69 points. Investors interest in telco heavyweight, MTNN (+0.04%) as well as ZENITHBANK (+0.61%) and GTCO (+0.21%) were the primary drivers of the overall market’s strong performance. Consequently, the year-to-date (YTD) return rose to 2.74%, while market capitalisation gained ₦34.32bn to close at ₦28.68trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 5.44%. A total of 143.74m shares valued at ₦1.78bn were exchanged in 4,078 deals. FBNH (+0.00%) led the volume chart with 19.66m units traded while MTNN (+0.04%) led the value chart in deals worth ₦326.85mn. Market breadth closed positive at a 1.23-to-1 ratio with advancing issues outnumbering declining ones. CHAMS (+7.69%) topped thirteen (13) others on the gainer’s table, while CORNERST (-10.00%) led ten (10) others on the laggard’s log.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||28.68||0.12||2.74|
|Value (₦ ‘billion)||1.78||5.44|
Dividend Information for 2022
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|OKOMU OIL||₦7.00 (interim)||26-Aug-22||29-Aug-22|