Nigerian Stock Exchange Extends To 5th Day of Gains

The Nigerian Stock Exchange has increased its four day consecutive winning streak by one today, as it inched up marginally by 15 basis points bringing the All Share Index to 20,934.96.

The performance in the banking sector toay was mixed but skewed towards the losers. Only two of the four top-tier banks appreciated today as GTBank (3.18%), and First Bank (0.20%) rose whilst UBA (-3.95%) and Zenith Bank (-0.08%) fell.

EcoBank (4.69%) and Skye Bank (1.84%) were also up in today’s trading whilst Access (-4.51%), Diamond (-1.69%), Fidelity (-3.37%), Unity (-1.75%), and Wema (-3.03%) were bearish.

Across the Breweries Sector, Guinness (0.03%) and Nigerian Breweries (0.01%) were up marginally even as all other counters remained stationary.

Ashaka Cement was up 497 basis points on the back of a strong earnings report released last week, and Dangote Cement was up 0.93% as all other counters remained unchanged.

Honeywell Flour (4.17%) and Nascon (2.27%) were the only shares that appreciated today in the Food and Beverages sector.

Nascon, a subsidiary of Dangote Group released a strong quarterly earnings report today.
254 million shares valued at N 2.6 Billion exchanged hands amongst investors today.