THUR, 01 SEPT, 2022-theGBJournal| The new month opened to extend the local bourse’s bullish run as the benchmark index gained 0.11% to settle at 49,889.88 points. On-the-whole, the gain puts the index on track for its second consecutive weekly gain since the week ended 19 August.
Investor interests in BUACEMENT (+2.69%), UBA (+1,39%) and ACCESSCORP (+2.41%) offset selloffs in ZENITHBANK (-2.97%) and FBNH (-3.59%) to extend the bullish run on the broader index. As a result, the ASI’s year-to-date (YTD) return rose to 16.79%, while the market capitalisation gained N28.79bn to close at N26.91trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 37.63%. A total of 229.12m shares valued at N1.75bn were exchanged in 3,575 deals. STERLNBANK (-4.52%), for the second straight session, led the volume chart with 109.0m units traded, while GTCO (+0.00%) led the value chart in deals worth N680.0m.
Market breadth closed positive at a 1.20-to-1 ratio, with advancing issues outnumbering declining ones. UPDC (+5.00) topped eleven (11) others on the leader’s log, while TRANSCORP (-7.08%) led nine (9) others on the laggard’s table.
Market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 49,889.88 | +0.11 | +16.79 |
| Market Cap. (N ‘trillion) | 26.91 | +0.11 | +20.69 |
| Volume (millions) | 229.12 | -37.63 | |
| Value (N ‘billion) | 1.75 | -45.95 |
Dividend Information for 2022
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| STANBIC | N1.50 (interim) | 7-Sep-22 | 21-Sep-22 |
| ZENITHBANK | N0.30 (interim) | 7-Sep-22 | 13-Sep-22 |
| SEPLAT | $0.025 (interim) | 15-Aug-22 | 9-Sep-22 |
| CUSTODIAN | N0.10 (interim) | 26-Aug-22 | 1-Sep-22 |
| OKOMU OIL | N7.00 (interim) | 26-Aug-22 | 29-Aug-22 |
| MTNN | N5.60 (interim) | 19-Aug-22 | 26-Aug-22 |
Twitter-@theGBJournal| Facebook-The Government and Business Journal|email: gbj@govbusinessjournal.ng|govandbusinessj@gmail.com
