The Coronation Daily Market Wrap earlier Thursday afternoon carried incorrect data for the final dividend of Access Holdings plc. The final dividend was given as N0.07/share while the correct data is N0.70/share (70 kobo per share). We apologise to our readers and to Access Holdings plc for any misunderstanding and inconvenience this may have caused.
Ending the first half of the year, Nigerian equities rebounded slightly as the benchmark index managed to eke out a meager 3bps gain to close at 51,817.59 points, the highest point since 27 June. The gain contributed to keep the index well on track for its second week of gain in the month and biggest half-year gain since half-year 2017.
The market’s performance was driven primarily by investor interest in UBN (+4.24%), FBNH (+1.75%) and SEPLAT (+0.78%). Consequently, the year-to-date (YTD) return increased to 21.31%, while market capitalization gained ₦8.15bn to close at ₦27.94trn.
Analysis of Thursday’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions advancing by 12.01%. A total of 223.11m units of shares valued at ₦3.87bn were exchanged in 4,213 deals. FBNH (+1.75%), led the volume chart with 36.63m units traded, while MTNN (0.00%) led the value chart in deals worth ₦1.37bn.
Market breadth closed positive at a 1.06-to-1 ratio with advancing issues outnumbering declining ones. UPL (+9.79%) led eighteen (18) others on the gainer’s table, while PZ (-9.86%) topped seventeen (17) others on the laggard’s log.
Find below key highlights of market activities.
