|Today, August 17th, the local bourse pulled back slightly after yesterday’s rally, bringing the benchmark Index down by 4bps to close at 49,691.17 points. Tier-one banks, ZENITHBANK (-0.46%), FBNH (-0.47%) and UBA (-0.71%) were the major drivers of the market’s performance. Consequently, the year-to-date (YTD) return fell to 16.33%, with the market capitalisation falling by ₦9.87bn to close at ₦26.80trn.|
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 151.45%. A total of 128.79m shares valued at ₦4.12bn were exchanged in 3,492 deals. FBNH (-0.47%) led the volume chart with 28.37m units traded, while NESTLE (+0.00%) led the value chart in deals worth ₦2.71bn.
Market breadth closed negative at a 1.50-to-1 ratio, with declining issues significantly outnumbering advancing ones. COURTVILLE (-9.80%) topped fourteen (14) others on the laggard’s log, while PRESTIGE (+9.09%) led nine (9) others on the leader’s table.
|Find below key highlights of market activities.|
Dividend Information for 2022
SOURCE: Coronation Daily Market Wrap – 17 August 2022