Nigerian equities extended the bullish run as the benchmark index gained 0.24% to settle at 54,496.31 points. Gains in MTNN (+1.49%), WAPCO (+0.77%) and ACCESSCORP (+1.09%), were the main drivers of the market’s overall performance, outweighing losses in BUAFOODS (-0.13%) and ZENITHBANK (-1.36%). As a result, the year-to-date (YTD) return rose to 6.33% while the market capitalization rose by ₦71.70bn to close at ₦29.68tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 80.23%. A total of 177.92m shares valued at ₦5.69bn were exchanged in 3,617 deals. BUAFOODS (-0.13%) led the volume and value charts with 50.00m shares traded in deals worth ₦3.72bn.
Market breadth closed negative at a 1.21-to-1 ratio, with declining issues outnumbering advancing ones. LIVESTOCK (-5.45%) led sixteen (16) others on the laggard’s table, while COURTVILLE (+8.33%) topped fourteen (14) others on the leader’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 54,496.31 | 0.24 | 6.33 |
| Market Cap. (₦ ‘trillion) | 29.68 | 0.24 | 6.33 |
| Volume (millions) | 177.92 | 26.33 | |
| Value (₦ ‘billion) | 5.69 | 80.23 |
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
