The Local Bourse extended the bullish run as the benchmark index gained 0.51% to settle at 66,490.34 points. Gains in ZENITHBANK (+2.29%), GTCO (+1.81%) and ACCESSCORP (+3.44%), were the main drivers of the market’s overall performance, outweighing losses in NESTLE (-5.98%), STANBIC (-2.64%), and UBA (-0.36%). Consequently, the year-to-date (YTD) return rose to 29.73% while the market capitalisation rose by ₦185.52bn to close at ₦36.39tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 79.14%. A total of 436.96m shares valued at ₦7.01bn were exchanged in 7,932 deals. . FBNH (+1.51%) led the volume chart with 55.15m units traded while NESTLE (-5.98%) led the value chart in deals worth ₦1.32bn. Market breadth closed positive at a 1.40-to-1 ratio with advancing issues outnumbering declining ones. FLOURMILL (+10.00%) led twenty-seven (27) others on the leader’s log while LINKASSURE (-10.00%) topped nineteen (19) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 66,490.34 | 0.51 | 29.73 |
| Market Cap. (₦ ‘trillion) | 36.39 | 0.51 | 30.36 |
| Volume (millions) | 436.96 | 40.45 | |
| Value (₦ ‘billion) | 7.01 | 79.14 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| MTNN | ₦5.60 (interim) | 17-Aug-23 | 24-Aug-23 |
| NGXGROUP | ₦0.25 | 31-Jul-23 | 31-Aug-23 |
| BUACEMENT | ₦2.80 | 14-Aug-23 | 24-Aug-23 |
| FBNH | ₦0.50 | 9-Aug-23 | 16-Aug-23 |
| AIRTELAFRI | 3.27 | 22-Jun-23 | 26-Jul-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 | $0.08 | 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 |
Source: Coronation
