Opening the week, the local bourse rebounded by 3.99% to settle at 58,163.55 points. Investor interest in telco heavyweights, AIRTELAFRI (+7.78%), MTNN (+3.60%), ZENITHBANK (+10.00%), GTCO (10.00%) and STANBIC (+9.33%) were the primary drivers of the overall market’s strong performance. As a result, the year-to-date (YTD) return rose to 13.49%, while market capitalization gained ₦1.22tn to close at ₦31.67trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 215.93%. A total of 1.19bn shares valued at ₦19.23bn were exchanged in 10,369 deals. UBA (+9.55%) led the volume chart with 214.94m units traded, while GTCO (+10.00%) led the value chart in deals worth ₦6.24bn.
Market breadth closed positive at a 7.00-to-1 ratio with advancing issues outnumbering declining ones. ZENITHBANK (+10.00%) topped fourty-eight (48) others on the leader’s table, while HONYFLOUR (-4.29%) led six (6) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 58,163.55 | 3.99 | 13.49 |
| Market Cap. (₦ ‘trillion) | 31.67 | 3.99 | 13.45 |
| Volume (millions) | 1,186.49 | 106.44 | |
| Value (₦ ‘billion) | 19.23 | +215.93.79 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 (final) | 14-Aug-23 | 24-Aug-23 |
| TOTAL | ₦21.00 (final) | 26-Apr-23 | 2-Jun-23 |
| STANBIC | ₦2.00 (final) | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 (final) | 9-May-23 | 24-May-23 |
| NESTLE | ₦36.50 (final) | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 (final) | 2-May-23 | 11-May-23 |
| SEPLAT | $0.075 (final) | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 (final) | 17-Apr-23 | 2-May-23 |
| WAPCO | ₦2.00 (final) | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 (final) | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 (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 |
