The Nigerian equities staged a rebound, recouping prior session losses as the benchmark index ended 0.20% stronger to settle at 99,832.25 points. Gains in Tier-1 banking names, GTCO (+2.44%), ZENITHBANK (+2.86%) and UBA (+6.24%) were the primary drivers of the broader index’s recovery, offsetting losses in ACCESSCORP (-1.55%), TRANSCORP (-2.33%) and ETI (-9.92%). Having gained in two of three trading sessions, the market is on track for a week of gain. The ASI year-to-date (YTD) return rose to 33.51%, while market capitalisation gained ₦114.12bn to close at ₦56.47trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 47.72%. A total of 502.60m units of shares valued at ₦8.65bn were exchanged in 9,686 deals. ZENITHBANK (+2.86%) led the volume and value chart with 71.22m units traded in deals worth ₦2.52bn.
Market breadth closed positive at a 1.56-to-1 ratio with advancing issues outnumbering declining ones. NB (+10.00%) led twenty-seven (27) others on the leader’s table, while ETI (-9.92%) topped seventeen (17) others on the laggards log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 99,832.25 | 0.20 | 33.51 |
| Market Cap. (₦ ‘trillion) | 56.47 | 0.20 | 38.02 |
| Volume (millions) | 502.60 | -40.80 | |
| Value (₦ ‘billion) | 8.65 | -47.72 |
Dividend Information for 2024
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUAFOODS | ₦5.50 | 20-Aug-24 | 26-Sep-24 |
| BUACEMENT | ₦2.00 | 12-Aug-24 | 29-Aug-24 |
| FBNH | ₦0.40 | 15-Aug-24 | 23-Aug-24 |
| AIRTELAFRI | $0.037 | 24-Jun-24 | 26-Jul-24 |
| BETAGLAS | ₦1.4 | 25-Jun-24 | 6-Jul-24 |
| FIDSON | ₦0.6 | 19-Jun-24 | 6-Jul-24 |
| TOTAL | ₦25.00 | 24-Apr-24 | 24-Jun-24 |
| UACN | ₦0.22 | 7-Jun-24 | 21-Jun-24 |
| JBERGER | ₦3 | 3-Jun-24 | 21-Jun-24 |
| TRANSEXPR | ₦0.02 | 12-Jun-24 | 20-Jun-24 |
| SEPLAT ENERGY | $0.03 ( Q1 INTERIM) | 3-Jun-24 | 14-Jun-24 |
| MAYBAKER | ₦0.3 | 22-May-24 | 6-Jun-24 |
| PRESCO | ₦24.30 | 15-May-24 | 30-May-24 |
| SEPLAT ENERGY | $0.03 | 29-Apr-24 | 29-May-24 |
| TRANSCORP | ₦0.10 | 26-Apr-24 | 28-May-24 |
| WEMA | ₦0.5 | 10-May-24 | 28-May-24 |
| MEYER | ₦0.3 | 29-Apr-24 | 27-May-24 |
| UBA | ₦2.30 | 13-May-24 | 24-May-24 |
| NAHCO | ₦2.56 | 13-May-24 | 24-May-24 |
| TRANSPOWER | ₦3.13 | 22-Apr-24 | 22-May-24 |
| STANBIC | ₦2.20 | 22-Apr-24 | 17-May-24 |
| FIDELITYBK | ₦0.60 | 29-Apr-24 | 16-May-24 |
| UNILEVER | ₦0.75 | 29-Apr-24 | 10-May-24 |
| GTCO | ₦2.70 | 29-Apr-24 | 9-May-24 |
| ZENITHBANK | ₦3.50 | 26-Apr-24 | 8-May-24 |
| DANGCEM | ₦30.00 | 16-Apr-24 | 29-Apr-24 |
| UCAP | ₦1.80 | 10-Apr-24 | 23-Apr-24 |
| ACCESSCORP | ₦1.80 | 11-Apr-24 | 19-Apr-24 |
| TRANSCOHOT | ₦0.20 | 16-Apr-24 | 30-Apr-24 |
| LAFAERGE | ₦1.90 | 2-Apr-24 | 16-Apr-24 |
| NGXGROUP | ₦0.75 | 27-Mar-24 | 29-Apr-24 |
| GEREGU | ₦8.00 | 28-Feb-24 | 28-Mar-24 |
| VITAFOAM | 1.56 | 13-Feb-24 | 7-Mar-24 |
