Nigerian equities extended losses for the second consecutive session as the All-Share Index closed 0.04% weaker to close at 53,170.73 points, the lowest point since 03 June. Nonetheless, the index remains on track for a week of gain, recouping some of the losses of the past week.
On market movers, the weak performance was driven by selloffs in NB (-1.10%) and most Tier-1 banks, ZENITHBANK (-2.35%), GTCO (-0.89%), UBA (-1.28%) and ACCESSCORP (-0.51%). Consequently, the year-to-date (YTD) return fell to 24.47%, with the market capitalization down by ₦12.53bn to close at ₦28.66trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 79.36%. A total of 318.42m shares valued at ₦3.34bn were exchanged in 4,345 deals. TRANSCORP (+1.54%) led the volume chart with 165.21m units traded while NESTLE (+0.00%) led the value charts in deals worth ₦678.54m.
Market breadth closed negative at a 1.21-to-1 ratio, with declining issues outnumbering advancing ones. CILEASING (-8.57%) topped sixteen (16) others on the laggard’s log, while UPL (+9.43%) led thirteen (13) others on the leader’s table.
Find below key highlights of market activities.
|
Company |
Dividend (Bonus) |
Closure Date |
Payment Date |
|
BUAFOODS |
₦3.50 |
14-Jul-22 |
4-Aug-22 |
|
FBNH |
₦0.35 |
14-Jun-22 |
21-Jun-22 |
|
BUACEMENT |
₦2.60 |
15-Jul-22 |
21-Jul-22 |
|
NESTLE |
₦25.50 |
3-Jun-22 |
30-Jun-22 |
|
TOTAL |
₦18.2 |
29-Apr-22 |
17-Jun-22 |
|
DANGSUGAR |
₦1.00 |
2-Jun-22 |
15-Jun-22 |
|
DANGCEM |
₦20.00 |
31-May-22 |
15-Jun-22 |
|
SEPLAT |
$0.025 (final) |
6-May-22 |
25-May-22 |
|
ACCESSCORP |
₦0.07 (final) |
20-Apr-22 |
28-Apr-22 |
|
MTNN |
₦8.57(final) |
7-Apr-22 |
28-Apr-22 |
|
STANBIC |
₦2.00 |
13-Apr-22 |
27-Apr-22 |
|
NB |
₦1.20 (final) |
16-Mar-22 |
22-Apr-22 |
|
WAPCO |
₦1.00 (final) |
8-Apr-22 |
21-Apr-22 |
|
GTCO |
₦2.70 (final) |
24-Mar-22 |
8-Apr-22 |
|
UBA |
₦0.8 (final) |
21-Mar-22 |
7-Apr-22 |
|
ZENITHBANK |
₦2.80 (final) |
28-Mar-22 |
6-Apr-22 |
