Opening the week, the local bourse rebounded by 0.14% to settle at 55,605.57 points. Investor interest in telco heavyweight, MTNN (+1.22%), alongside WAPCO (+0.19%) and UBA (1.16%) kept the market in the positive territory, offsetting losses in ZENITHBANK (-1.13%), GTCO (-0.75%) and NB (-0.97%). Consequently, the year-to-date (YTD) return rose to 8.50%, while market capitalization gained ₦41.60bn to close at ₦30.29trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 6.72%. A total of 123.55m shares valued at ₦2.48bn were exchanged in 4,076 deals. TRANSCORP (-0.78%) led the volume chart with 11.80m units traded while GEREGU (+0.00%) led the value chart in deals worth ₦604.27m.
Market breadth closed negative at a 1.20-to-1 ratio with declining issues outnumbering advancing ones. FTNCOCOA (-6.67%) topped seventeen (17) others on the laggard’s log while JBERGER (+10.00%) led fourteen (14) others on the leader’s table.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||30.29||0.14||8.51|
|Value (₦ ‘billion)||2.48||-6.72|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|
Source: Coronation Research