Coronation Daily Market Wrap - 29 September 2022

Coronation Daily Market Wrap - 29 September 2022
(Source: Coronation Research, Date: 29-Sep-2022)

NGX All-Share Index ends lower, down 0.42%

The Lagos bourse ended the session lower as the benchmark Index fell 0.42% to settle at 48,964.83 points, the lowest point since 24 August. The loss puts the index on track for its fourth consecutive weekly loss.

Selloffs in index heavyweight, NESTLE (-10.00%) drove the market into the red offsetting gains in ZENITHBANK (+0.50%), STANBIC (+3.45%) and ACCESSCORP (+1.26%). Consequently, the year-to-date (YTD) return fell to 14.63%, as market capitalization shed ₦111.62bn to close at ₦26.42trn.

Analysis of today's market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 88.03%. A total of 220.78m shares valued at ₦2.25bn were exchanged in 3,195 deals. JAIZBANK (+9.21%) led the volume chart with 85.91m units traded, while AIRTELAFRI (+0.00%) led the value chart in deals worth ₦360.04m.

Market breadth closed negative at a 1.33-to-1 ratio with declining issues outnumbering advancing ones. NESTLE (-10.00%) topped fifteen (15) others on the laggard's table, while JAIZBANK (+9.21%) led eleven (11) others on the leader's log.

Find below key highlights of market activities.

Indicators	Current	Change (%)	YTD
All-Share Index	48,964.83	-0.42	+14.63
Market Cap. (₦ 'trillion)	26.42	-0.42	+18.49
Volume (millions)	220.78	+117.37
Value (₦ 'billion)	2.25	+88.03

Dividend Information for 2022

Company	Dividend (Bonus)	Closure Date	Payment Date
ACCESSCORP	₦0.20 (interim)	28-Sep-22	12-Oct-22
GTCO	₦0.30 (interim)	21-Sep-22	30-Sep-22
UBA	₦0.20 (interim)	22-Sep-22	29-Sep-22
STANBIC	₦1.50 (interim)	7-Sep-22	21-Sep-22
ZENITHBANK	₦0.30 (interim)	7-Sep-22	13-Sep-22
SEPLAT	$0.025 (interim)	15-Aug-22	9-Sep-22
CUSTODIAN	₦0.10 (interim)	26-Aug-22	1-Sep-22
OKOMU OIL	₦7.00 (interim)	26-Aug-22	29-Aug-22
MTNN	₦5.60 (interim)	19-Aug-22	26-Aug-22
BUAFOODS	₦3.50	14-Jul-22	4-Aug-22
AIRTELAF	$0.03 (final)	23-Jun-22	22-Jul-22
BUACEMENT	₦2.60	15-Jul-22	21-Jul-22
FBNH	₦0.35	14-Jun-22	21-Jun-22
NESTLE	₦25.50	3-Jun-22	30-Jun-22
TOTAL	₦18.20 (final)	29-Apr-22	17-Jun-22
DANGSUGAR	₦1.00	2-Jun-22	15-Jun-22
NB	₦1.20 (final)	16-Mar-22	22-Apr-22
WAPCO	₦1.00 (final)	8-Apr-22	21-Apr-22

Read Disclaimer

Information used in the preparation of this publication is believed to be accurate at the time of going to press, though not verified independently. No liability is accepted for errors nor omissions of fact, nor is any warranty given for the reasonableness, accuracy or completeness of the information presented. Neither Coronation Securities Limited, nor its directors, employees and contractors accept(s) responsibility for losses or opportunity costs, whether direct or consequential, that may be incurred as a result of trading, or not trading, on information covered in this publication, or other securities, as a result of any decision taken after reading this publication.

For further enquiries, please contact marketupdates@coronationsl.com

Coronation Securities Limited, 10 Amodu Ojikutu Street, Off Saka Tinubu Street Victoria Island, Lagos, Nigeria

Copyright Â© 2022, All rights reserved.