WED, 24 AUG, 2022-theGBJournal| Ending five straight sessions of losses, Nigerian equities recovered as the benchmark Index rose by 0.22% to settle at 48,675.33 points. Bullish sentiment in index heavyweights, BUACEMENT (+1.27%) and NESTLE (+0.23%) drove the market’s rebound.
In addition, following strong H1 22 results, STANBIC (+8.93%) contributed to keep the market in the green despite losses in other Tier-1 banks, ACCESSCORP (-1.20%), UBA (-0.71%) and GTCO (-0.50%). Consequently, the year-to-date (YTD) return rose to 13.95%, with market capitalisation gaining N58.35bn to close at N26.25trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 5.98%. A total of 167.57m shares valued at N3.37bn were exchanged in 3,751 deals. ACCESSCORP (-1.20%) led the volume chart with 27.90m units traded, while MTNN (+0.00%) led the value chart in deals worth N725.24m.
Market breadth closed positive at a 1.27-to-1 ratio, with advancing issues outnumbering declining ones. NEM (+10.00%) topped thirteen others on the leader’s table, while FIDSON (-9.80%) led ten others on the laggard’s log.
Highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 48,675.33 | +0.22 | +13.95 |
| Market Cap. (N ‘trillion) | 26.25 | +0.22 | +17.75 |
| Volume (millions) | 167.57 | -17.92 | |
| Value (N ‘billion) | 3.37 | +5.98 |
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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