Opening the week, Nigerian equities extended its bullish run as the benchmark index closed 1.61% stronger to settle at 61,949.24 points. Increased demand for MTNN (+1.68%) alongside ZENITHBANK (+2.92%) and GTCO (+4.92%) contributed to keep the market in the green. As a result, the year-to-date (YTD) return rose to 20.87%, while market capitalisation gained ₦534.01bn to close at ₦33.73trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 12.01%. A total of 1.21bn shares valued at ₦14.04bn were exchanged in 12,128 deals. FCMB (+5.88%) led the volume chart with 173.81m units traded while ACCESSCORP (+9.94%) led the value chart in deals worth ₦2.38bn.
Market breadth closed positive at a 6.25-to-1 ratio with advancing issues outnumbering declining ones. FIDELITYBK (+10.00%) topped forty-nine (49) others on the leader’s log, while CORNERST (-9.09%) led seven (7) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 61,949.24 | 1.61 | 20.87 |
| Market Cap. (₦ ‘trillion) | 33.73 | 1.61 | 20.84 |
| Volume (millions) | 1,205.49 | 20.78 | |
| Value (₦ ‘billion) | 14.04 | -12.01 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | ₦2.80 | 14-Aug-23 | 24-Aug-23 |
| FBNH | ₦0.50 | 09-Aug-23 | 16-Aug-23 |
| TOTAL | ₦21.00 | 26-Apr-23 | 02-Jun-23 |
| STANBIC | ₦2.00 | 12-Apr-23 | 26-May-23 |
| ACCESSCORP | ₦1.30 | 09-May-23 | 24-May-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| GTCO | ₦2.80 | 02-May-23 | 11-May-23 |
| SEPLAT | $0.08 | 19-Apr-23 | 16-May-23 |
| ZENITHBANK | ₦2.90 | 17-Apr-23 | 02-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 |
