The Return of The Bulls, All Share Index Gains Big This Week

The All Share Index has emerged the toast of investors this week appreciating for the fourth consecutive day as the exchange appreciated 1.44%, bringing the weekly performance to 3.19 and closing the Index at 20,903.16.

Across the banking sector, the juggernaut, First Bank was up 4.28%, GTB bagged 1.8%, Zenith remained unchanged and UBA shed 3.52%.

Skye, Access and FCMB gained marginal points, whilst Fidelity and Unity Bank added more than 300 basis points apiece.

Eco Bank lost 400 points and Stanbic IBTC despite releasing strong quarterly numbers was also out 316 points.

Counters remained unchanged in the breweries sector, even as the Building Materials sector was all the way bullish with Ashaka, Dangote and Lafarge Wapco bagging 500, 490 and 358 points respectively,

The story remained the same amongst paint companies as Berger Paints and Cap Plc appreciated 5% and 2.49% respectively.

The conglomerates were equally bullish as Transcorp and UACN appreciated in today’s trading.

In Food and beverages, Flour Mills was down just over 300 basis points whilst Cadbury lost 267 points. Honeywell was the only gainer picking up 473 points.

In the insurance industry, AIICO and GT Assur were up 357 and 227 a piece. GT Assur recently reported decent 3Q numbers even as it was acquired by an offshore consortium from GTBank.

The strong weekly performance of the NSE has pulled the market Year-to-Date (YTD) number back to -15.61%.