Ending four uninterrupted sessions of losses, Nigerian equities recovered as the benchmark Index rose by 0.20% to settle at 53,603.80 points. Bullish sentiment in index heavyweight, DANGCEM (+5.07%) alongside ZENITHBANK (+2.80%), GTCO (+1.61%) and WAPCO (+1.98%) pushed the broader index into positive territory. Consequently, the year-to-date (YTD) return rose to 4.59%, while the market capitalisation gained ₦57.49bn to close at ₦29.20trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 58.74%. A total of 236.07m shares valued at ₦3.26bn were exchanged in 3,906 deals. TRANSCORP (+7.14%) led the volume chart with 91.39m units traded, while ZENITHBANK (+2.80%) led the value chart in deals worth ₦696.21m.
Market breadth closed positive at a 1.73-to-1 ratio with advancing issues outnumbering declining ones. OANDO (+9.84%) topped eighteen (18) others on the leader’s log, while MAYBAKER (-8.70%) led ten (10) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 53,603.80 | 0.20 | 4.59 |
| Market Cap. (₦ ‘trillion) | 29.20 | 0.20 | 4.61 |
| Volume (millions) | 236.07 | 16.38 | |
| Value (₦ ‘billion) | 3.26 | 58.74 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 (final) | 11-Aug-23 | 24-Aug-23 |
| STANBIC | ₦2.00 (final) | 12-Apr-23 | 26-May-23 |
| NESTLE | ₦36.50 (final) | 28-Apr-23 | 18-May-23 |
| SEPLAT | $0.075 (final) | 19-Apr-23 | 10-May-23 |
| ZENITHBANK | ₦3.20 (final) | 17-Apr-23 | 2-May-23 |
| WAPCO | ₦2.00 (final) | 11-Apr-23 | 28-Apr-23 |
| NB | ₦1.03 (final) | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 (final) | 31-Mar-23 | 24-Apr-23 |
| MTNN | ₦10.00 (final) | 28-Mar-23 | 20-Apr-23 |
| DANGSUGAR | ₦1.50 (final) | 27-Mar-23 | 15-Apr-23 |
Source: Coronation
