All Share Index Gains Second Consecutive Day

On the back of a strong outing by the banking sector, the All Share Index gained 49 basis points today closing at 20,376.73.
The Index is on a two day gaining streak.

Top-tier banks Zenith Bank, UBA and GTB led the volumes tables moving a total of 158,982,533 units. Wema Bank gained 4.69% the most in the sector, whilst other top gainers were GTB (2.94%), Access (2.83%), Diamond (2.69%) an FCMB (2.50%).

Diamond was up for the third straight day in a row, whilst Unity and EcoBank lost the full 5% allowed.

Nigerian Breweries on the back of a recently released strong 3q earnings report was up a marginal 0.42% whilst all other counters in the breweries sector remained unchanged.

In the building materials sector all counters remained unchanged including Dangote cement that is priced at N 100, with the exception of CCNN that gained a marginal 0.20%.

Across the conglomerates sector, Transcorp and UACN were down 2.9% an 0.1% respectively whilst all other counters remained unchanged.

The Food and beverages sector was quite bullish today as Nascon and Flour Mills bagged a full 5%, whilst Cadbury was up 4.29%. Dangote sugar was also in the green today bagging a 1.33% increase whilst its sister company Dangote Flour was down 83 basis points at the en of trading.

319 million shares valued at N 2.47 billion exchanged hands amongst investors today.