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
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 55,605.57 | 0.14 | 8.50 |
| Market Cap. (₦ ‘trillion) | 30.29 | 0.14 | 8.51 |
| Volume (millions) | 123.55 | -83.54 | |
| Value (₦ ‘billion) | 2.48 | -6.72 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 (final) | 12-Jul-23 | 20-Jul-23 |
| NESTLE | ₦36.50 (final) | 28-Apr-23 | 18-May-23 |
| SEPLAT | $0.075 (final) | 19-Apr-23 | 10-May-23 |
| WAPCO | N2.00 (final) | 11-Apr-23 | 28-Apr-23 |
| NB | N1.03 (final) | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 (final) | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 (final) | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 (final) | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 (final) | 28-Feb-23 | 29-Mar-23 |
Source: Coronation Research
