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
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 48,253.59 | 0.21 | 12.96 |
| Market Cap. (₦ ‘trillion) | 26.28 | 0.21 | 17.88 |
| Volume (millions) | 633.74 | 296.50 | |
| Value (₦ ‘billion) | 4.10 | -18.69 |
Dividend Information for 2022
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| SEPLAT | $0.025 (interim) | 11-Nov-22 | 6-Dec-22 |
| ACCESSCORP | ₦0.20 (interim) | 28-Sep-22 | 12-Oct-22 |
| GTCO | ₦0.30 (interim) | 21-Sep-22 | 30-Sep-22 |
| UBA | ₦0.20 (interim) | 22-Sep-22 | 29-Sep-22 |
| STANBIC | ₦1.50 (interim) | 7-Sep-22 | 21-Sep-22 |
| ZENITHBANK | ₦0.30 (interim) | 7-Sep-22 | 13-Sep-22 |
| SEPLAT | $0.025 (interim) | 15-Aug-22 | 9-Sep-22 |
| CUSTODIAN | ₦0.10 (interim) | 26-Aug-22 | 1-Sep-22 |
| OKOMU OIL | ₦7.00 (interim) | 26-Aug-22 | 29-Aug-22 |
| MTNN | ₦5.60 (interim) | 19-Aug-22 | 26-Aug-22 |
| BUAFOODS | ₦3.50 | 14-Jul-22 | 4-Aug-22 |
| AIRTELAF | $0.03 (final) | 23-Jun-22 | 22-Jul-22 |
| BUACEMENT | ₦2.60 | 15-Jul-22 | 21-Jul-22 |
| FBNH | ₦0.35 | 14-Jun-22 | 21-Jun-22 |
| NESTLE | ₦25.50 | 3-Jun-22 | 30-Jun-22 |
| TOTAL | ₦18.20 (final) | 29-Apr-22 | 17-Jun-22 |
| DANGSUGAR | ₦1.00 | 2-Jun-22 | 15-Jun-22 |
| NB | ₦1.20 (final) | 16-Mar-22 | 22-Apr-22 |
| WAPCO | ₦1.00 (final) | 8-Apr-22 | 21-Apr-22 |
Source: Coronation
