The Lagos bourse rebounded after the previous sessions pullback as the benchmark Index gained 0.78% to close at 54,224.35 points. Renewed interest in telco heavyweight, AIRTELAFRI (+3.85%) pushed the broader index into positive territory. Consequently, the year-to-date (YTD) return rose to 5.80%, while market capitalization gained ₦228.74bn to close at ₦29.54trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 46.21%. A total of 154.63m shares valued at ₦5.51bn were exchanged in 3,095 deals. GTCO (-0.20%) led the volume chart with 36.68m units traded while AIRTELAFRI (+3.85%) led the value chart in deals worth ₦2.94bn.
Market breadth closed negative at a 1.44-to-1 ratio with declining issues outnumbering advancing ones. VITAFOAM (-7.18%) topped twelve (12) others on the laggard’s log while CONOIL (+9.93%) led eight (8) others on the leader’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 54,224.35 | 0.78 | 5.80 |
| Market Cap. (₦ ‘trillion) | 29.54 | 0.78 | 5.82 |
| Volume (millions) | 154.63 | -10.57 | |
| Value (₦ ‘billion) | 5.51 | 46.21 |
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 |
Source: Coronation Research
