WED, 11 MAY, 2022-theGBJournal | Recovering from losses of the previous session, the domestic bourse posted strong gains as the benchmark index rose by 1.99% – the largest single day gain since 31 December 2021 – to close at 52,838.45 points, the highest point since 31 July 2008.
Renewed demand for index heavyweights, MTNN (+9.21%) and DANGCEM (+2.62%) bolstered the market’s strong performance.
In addition, sustained investor interest in consumer goods, NB (+2.60%), OKOMUOIL (+10.00%), INTBREW (+9.88%) & PRESCO (+3.93%) alongside recovery in some Tier-1 banks, STANBIC (+2.34%), GTCO (+0.84%) & ZENTIHBANK (+0.21%) contributed to outweigh losses in BUAFOODS (-10.00%), keeping the market in the green.
Consequently, the year-to-date (YTD) return rose to 23.70%, while market capitalization gained N556.92bn to close at N28.49trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions advancing by 45.58%. A total of 417.39m shares valued at N7.33bn were exchanged in 7,255 deals. JAIZBANK (+5.88%) led the volume chart with 40.44m units traded, while MTNN (+9.21) led the value chart in deals worth N1.29bn.
Market breadth closed positive at a 1.52-to-1 ratio with advancing issues outnumbering declining ones. OKOMUOIL (+10.00%), for th second consecutive session, topped forty (40) others on the gainer’s log, while BUAFOODS (-10.00%) led twenty-six (26) others on the laggard’s table.
| Indicators | Current | Change (%) | YTD (%) |
| All-Share Index | 52,838.45 | 1.99 | 23.70 |
| Market Cap. (₦ ‘trillion) | 28.49 | 1.99 | 27.76 |
| Volume (millions) | 417.39 | 25.90 | |
| Value (₦ ‘billion) | 7.33 | 45.58 |
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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