Nigerian equities opened the week strong today as the benchmark index gained 2.48% to close at 64,603.69 points, the highest point since 17 March 2008. The market’s performance was primarily driven by continued demand in MTNN (+1.82%), DANGCEM (+10.00%) and STANBIC (+6.83%) offsetting losses in GTCO (-1.91%), WAPCO (-0.17%) and NB (-2.52%). Consequently, the year-to-date (YTD) return rose to 26.05%, while the market capitalization gained ₦850.97bn to close at ₦35.18trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 59.11%. A total of 1.84bn shares valued at ₦22.03bn were exchanged in 14,584 deals. FBNH (+9.85%) led the volume and value charts with 198.22m units traded in deals worth ₦4.42bn.
Market breadth closed positive at a 2.73to-1 ratio with advancing issues outnumbering declining ones. DANGCEM (+10.00%) led forty (40) others on the gainer’s log, while BERGER (-9.09%) topped fourteen (14) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 64,603.69 | 2.48 | 26.05 |
| Market Cap. (₦ ‘trillion) | 35.18 | 2.48 | 26.02 |
| Volume (millions) | 1,839.05 | 49.80 | |
| Value (₦ ‘billion) | 22.03 | 59.11 |
| Dividend Information for 2023 |
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 | 14-Aug-23 | 24-Aug-23 |
| FBNH | ₦0.50 | 09-Aug-23 | 16-Aug-23 |
| TOTAL | ₦21.00 | 26-Apr-23 | 02-Jun-23 |
| STANBIC | ₦2.00 | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 | 09-May-23 | 24-May-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 | 02-May-23 | 11-May-23 |
| SEPLAT | $0.08 | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 | 17-Apr-23 | 02-May-23 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
Source : Coronation
