MON, 09 MAY, 2022-theGBJournal | Extending gains from the past week, Nigerian equities closed sharply higher to open the week, as the benchmark index gained 1.90% – the biggest single day gain since 31 December 2021 – to close at 51,903.44 points, the highest point since 04 August 2008.
The market’s strong performance was driven by gains in telco heavyweights, MTNN (+9.45%). In addition, continued interest in consumer goods, NB (+10.00%), INTBREW (+9.63%) and PRESCO (+4.71%) and some Tier-1 banks, GTCO (+1.50%) and FBNH (1.26%) contributed to the strong close. Consequently, the year-to-date (YTD) return rose to 21.51%, while market capitalization gained N521.01bn to close at N27.98trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions advancing by 3.05%. A total of 327.91m shares valued at ₦5.47bn were exchanged in 7,534 deals. TRANSCORP (-2.52%) led the volume chart with 37.76m units traded, while SEPLAT (+0.00%) led the value chart in deals worth ₦842.52m.
Market breadth closed positive at a 1.71-to-1 ratio with advancing issues outnumbering declining ones. NB (+10.00%) topped thirty-five (35) others on the gainer’s log, while TRANSCOHOT (-10.00%) led twenty others on the laggard’s table.
| Indicators | Current | Change (%) | YTD (%) |
| All-Share Index | 51,903.44 | 1.90 | 21.51 |
| Market Cap. (N ‘trillion) | 27.98 | 1.90 | 25.50 |
| Volume (millions) | 327.91 | -29.68 | |
| Value (N ‘billion) | 5.47 | 3.05 |
Dividend Information for 2022
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUACEMENT | N2.60 | 15-Jul-22 | 21-Jul-22 |
| NESTLE | N25.50 | 3-Jun-22 | 30-Jun-22 |
| TOTAL ENERGIES | N18.20 | 29-Apr-22 | 17-Jun-22 |
| DANGSUGAR | N1.00 | 2-Jun-22 | 15-Jun-22 |
| DANGCEM | N20.00 | 31-May-22 | 15-Jun-22 |
| SEPLAT | $0.025 (final) | 6-May-22 | 25-May-22 |
| ACCESSCORP | N0.70 (final) | 20-Apr-22 | 28-Apr-22 |
| MTNN | N8.57(final) | 7-Apr-22 | 28-Apr-22 |
| STANBIC | N2.00 (final) | 13-Apr-22 | 27-Apr-22 |
| NB | N1.20 (final) | 16-Mar-22 | 22-Apr-22 |
| WAPCO | N1.00 | 8-Apr-22 | 21-Apr-22 |
| GTCO | N2.70 (final) | 24-Mar-22 | 8-Apr-22 |
| UBA | N0.80 (final) | 21-Mar-22 | 7-Apr-22 |
| ZENITHBANK | N2.80 (final) | 28-Mar-22 | 6-Apr-22 |
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