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
|Market Cap. (₦ ‘trillion)||28.47||0.16||2.00|
|Value (₦ ‘billion)||7.01||39.36|
Dividend Information for 2023
|Company||Dividend (Bonus)||Closure Date||Payment Date|