Nigerian Stock Market Gains Third Straight Day

The All Share Index is on a bullish streak, appreciating for the third straight day in a row. Today’s appreciation of 1.13% put the ASI at 20,607.37.

The banking sector led the bulls today with Zenith (4.96%), Skye (4.95%), Access (4.95%), Diamond (4.94%) and UBA (4.92%) bagging significant gains.

GTB (-0.71%) and Fidelity (0.58%) were down marginally whilst EcoBank (-4.31%), Sterling (-3.60%), and Unity (-3.51%) were down quite a bit.

Industry juggernaut First Bank was up marginally, appreciating by 0.42% at the end of today’s trading.
All counters remained unchanged in the Breweries sector with the exception of Nigerian Breweries that appreciated by a slim 1%.

The atmosphere was also bullish in the building materials sector as the markets most capitalized company, Dangote Cement bagged a 2% gain to close above the N 100 floor at which it had been trading.

Lafarge Wapco also bagged a healthy 3.31% on the back of strong quarterly results released recently. CCNN on the other hand bagged a marginal depreciation in share price of 0.2%.

In the conglomerates sector, bearish sentiments prevailed as UACN lost 4.33% of its share price even as Transcorp appreciated approximately 1.5%.

In the Food and Beverages sector, Honey Well (4.96%), Nascon ,(4.76%) and Flour Mills (3.17%) posted superior gains. Nestle’s share price was down by a marginal 0.25% Whilst Dangote Sugar also shed 1.48%.

Over 426 million shares valued at N3.37 Billion exchanged hands amongst investors today.