Nigerian equities recovered as the benchmark Index rose by 0.16% to settle at 52,290.75 points. Bullish sentiment in telco heavyweight, MTNN (+0.22%), alongside GTCO (+4.12%) and WAPCO (+0.42%) drove the market’s rebound. The gain puts the index on track for a weekly gain. Consequently, the year-to-date (YTD) return rose to 2.03%, with market capitalization gaining ₦45.18bn to close at ₦28.47trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions down by 39.36%. A total of 1.27bn shares valued at ₦7.01bn were exchanged in 5,963 deals. TRANSCORP (-6.11%) led the volume chart with 811.20m units traded while ACCESSCORP (+1.90%) led the value chart in deals worth ₦2.35bn.
Market breadth closed positive at a 2.17-to-1 ratio with advancing issues outnumbering declining ones. MBENEFIT (+10.00%) topped twenty-five (25) others on the leader’s log while UPL (-8.29%) topped eleven (11) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 52,290.75 | 0.16 | 2.03 |
| Market Cap. (₦ ‘trillion) | 28.47 | 0.16 | 2.00 |
| Volume (millions) | 1,270.13 | 89.55 | |
| Value (₦ ‘billion) | 7.01 | 39.36 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 | 14-Aug-23 | 24-Aug-23 |
| TOTAL | ₦21.00 | 26-Apr-23 | 2-Jun-23 |
| STANBIC | ₦2.00 | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 | 9-May-23 | 24-May-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 | 2-May-23 | 11-May-23 |
| SEPLAT | $0.075 (final) | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 | 17-Apr-23 | 2-May-23 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| UBA | ₦0.90 | 17-Apr-23 | 27-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
