Nigerian equities opened the week on a positive note, extending gains from the previous session as the All-Share Index closed 0.21% stronger to close at 48,253.59 points, the highest point since 05 October. The market’s performance was primarily driven by gains in industrial heavyweight BUACEMENT (+3.90%) and NB (+2.22%) offsetting selloffs in WAPCO (-1.59%) and Tier-1 banking names, ZENITHBANK (-2.42%) and FBNH (-2.23%). Consequently, the year-to-date (YTD) return rose to 12.96%, while the market capitalisation gained ₦53.89bn to close at ₦26.28trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 18.69%. A total of 633.74m units of shares valued at ₦4.10bn were exchanged in 3,398 deals. UPDCREIT (+0.00%) led the volume and value chart with 460.71m units traded in deals worth ₦1.61bn.
Market breadth closed positive at a 1.15-to-1 ratio with advancing issues outnumbering declining ones. GUINNESS (+10.00%) led fourteen (14) others on the leader’s table, while GEREGU (-9.85%) topped twelve (12) others on the laggards log.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||26.28||0.21||17.88|
|Value (₦ ‘billion)||4.10||-18.69|
Dividend Information for 2022
|Company||Dividend (Bonus)||Closure Date||Payment Date|
|OKOMU OIL||₦7.00 (interim)||26-Aug-22||29-Aug-22|