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The Nigerian Stock ExchangeToday: Dangote Subsidiaries lead the market

By on January 6, 2012

The NSE advanced 33 points today buoyed by the bullish performance of the Food and Beverages sub-sector.

Dangote subsidiaries led the sector as the Sugar, Flour and Salt arms of the formidable conglomerate gained 4.94%, 4.35% and 0.25% respectively.

Honeywell Flour was up 157 points, even as Flour Mills recorded the only depreciation in the sector down by 79 points in today’s session.

The building construction sub-sector of the market also recorded a bullish performance spurred by gains in all participants. Cement Company of Northern Nigeria paved the way with gains of 5%, the maximum points obtainable. Ashaka Cement followed suit an appreciation of 2.36% to its stock price. Dangote Cement was also up 1.54% and Lafarge gained a marginal 0.92%.

Transcorp led the conglomerates sector with an appreciation of 3.39%, on the flip side, UAC shed 100 basis points.

The banking sub-sector was predominantly bullish as Union (-5%), UBA (-4.86%) and Access (-4.57%) banks lost big. Top tier Zenith was also down 107 points despite a ratings upgrade by S & P announced earlier today.

Gainers in the industry today were Wema (+3.64%), Sterling (+3.19%) and Skye (+1.31%). Top tiers First Bank (0.33%) and GTBank (0.07%) appreciated marginally, Diamond also inched up by 50 points.

The breweries sub-sector was relatively quiet as has been the trend of late excluding a 32 points uptick in the Nigerian Breweries stock.

Other top gainers today were UPL (+5%), Livestock Feeds (+4.94%) and RT Briscoe (+4.92%).

Diamond bank led the activity charts as over 22 million units of the company stock exchanged hands today. Other leaders in order of appearance were UBA, First Bank, GTBank and FCMB.

One Comment

  1. Albert

    June 7, 2016 at 3:48 pm

    hi every one i am the general manager of dangote company, we learnt that many people need our goods but they dont have on time, if you need a tralla of rice or a tralla of clement urgently contact us on +2348107391822