Opening the week, Nigerian equities extended gains from last week as the benchmark index closed 0.29% stronger to settle at 54,367.74 points. Sustained interests in telco heavyweight, MTNN (+1.88%) buoyed the markets performance. Consequently, the year-to-date (YTD) return rose to 6.08%, while market capitalization gained ₦80.7bn to close at ₦29.61trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 103.82%. A total of 191.64m shares valued at ₦4.80bn were exchanged in 4,359 deals. GTCO (-0.40%) led the volume and value charts with 50.59m units traded in deals worth ₦1.27bn.
Market breadth closed positive at a 1.08-to-1 ratio, with advancing issues outnumbering declining ones. LINKASSURE (+8.89%) topped twelve (12) others on the leader’s log, while FTNCOCOA (-6.06%) led eleven (11) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 54,367.74 | 0.29 | 6.08 |
| Market Cap. (₦ ‘trillion) | 29.61 | 0.27 | 6.07 |
| Volume (millions) | 191.64 | -28.50 | |
| Value (₦ ‘billion) | 4.80 | 103.82 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| GEREGU | ₦8.00 (final) | TBA | TBA |
| MTNN | ₦10 (final) | 28-Mar-23 | 20-Apr-23 |
| 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 |
Source: Coronation Securities
