Coronation Daily Market Wrap - 05 October 2022

Coronation Daily Market Wrap - 05 October 2022
(Source: Coronation Research, Date: 05-Oct-2022)

NGX All-Share Index declines further by 0.09%

The bears continued to dominate the domestic bourse as the NGX All-Share Index (ASI) extended losses for a second consecutive session, falling by 0.09% to settle at 48,836.70 points "" its lowest level since 24 August. The market's weak performance was driven primarily by extended selloffs in Tier-1 banks ZENITHBANK (-1.55%), GTCO (-1.70%), FBNH (-0.50%) and ACCESSCORP (-1.32%). Consequently, the ASI's year-to-date (YTD) return fell to 14.33% and the market capitalisation gained ₦226.56bn to close at ₦26.60trn..

Elsewhere, the newly-listed GEREGU (+10.00%) rose on its first full trading day. Specifically, a total of 2.50bn shares of GEREGU were listed by introduction on the NGX Exchange today at ₦100.00 per share, making the stock the 15th largest on the index by market capitalisation.

Analysis of today's market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 7.12%. A total of 135.52m units of shares valued at ₦2.22bn were exchanged in 4,041 deals. CHAMS (+0.00%) led the volume chart with 25.50m units traded, while GEREGU (+10.00%) led the value chart in deals worth ₦935.00m.

Market breadth closed negative at a 1.70-to-1 ratio, with declining issues outnumbering advancing ones. CADBURY (-9.93%) led twenty-one (21) others on the laggard's table, while GEREGU (+10.00%) topped twelve (12) others on the gainer's log.

Find below key highlights of market activities.

Indicators	Current	Change (%)	YTD
All-Share Index	48,836.70	-0.09	+14.33
Market Cap. (₦ 'trillion)	26.60	0.86	20.93
Volume (millions)	135.52	-21.87
Value (₦ 'billion)	2.22	-7.12

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

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