THUR, 25 AUG, 2022-theGBJournal| Extending the bullish run for second consecutive session, Nigerian equities posted strong gains as the benchmark Index ended 2.03% stronger – the biggest single-day gain since 31 December 2021 – to settle at 49,661.87 points, the highest point since 17 August.
Investor interest in index heavyweights, AIRTELAFRI (+7.06%), NESTLE (+0.34%) and BUAFOODS (+3.33%) drove the broader index’s strong performance. Consequently, the year-to-date (YTD) return rose to 16.26%, with market capitalisation gaining N532.11bn to close at N26.79trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 18.08%. A total of 226.47m shares valued at N2.76bn were exchanged in 3,515 deals. FBNH (+0.00%) led the volume chart with 23.43m units traded, while MTNN (+0.00%), for the second consecutive session, led the value chart in deals worth N505.04m.
Market breadth closed positive at a 2.00-to-1 ratio, with advancing issues outnumbering declining ones. CWG (+10.00%) topped seventeen (17) others on the leader’s table, while HONYFLOUR (-8.42%) led eight (8) others on the laggard’s log.
Highlights of market activities.
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 49,661.87 | +2.03 | +16.26 |
| Market Cap. (N ‘trillion) | 26.79 | +2.03 | +20.13 |
| Volume (millions) | 226.47 | +35.15 | |
| Value (N ‘billion) | 2.76 | -18.08 | |
Dividend Information for 2022
| CUSTODIAN | Dividend (Bonus) | Closure Date | Payment Date |
| SEPLAT | $0.025 (interim) | 15-Aug-22 | 09-Sep-22 |
| CUSTODIAN | N0.10 (interim) | 26-Aug-22 | 01-Sep-22 |
| OKOMU OIL | N7.00 (interim) | 26-Aug-22 | 29-Aug-22 |
| MTNN | N5.60 (interim) | 19-Aug-22 | 26-Aug-22 |
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