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Nigerian Stock Exchange Watch: Market Records Consecutive Day Gain During Strike

By on January 10, 2012

The bears appear to have been driven away from the market as a result of the nationwide strike as the Nigerian Stock Exchange has gained for the second consecutive day.  The All Share Index (ASI) gained 0.50% to close at 20,905.35.

Zenith and GTBank were the only tickers to record any positive activity in the sub-sector.

Nigerian Breweries recorded a marginal increase of 72 points in the breweries sub-sector.

The price of Dangote Cement was also up a 128 basis points.

Top gainers across the market today were:

The top 5 companies trailing the market today include:

Activity leaders in the market today with the most traded shares were:

The volume of shares traded appreciated 15% from yesterday’s level. However the numbers are still way below daily averages due, this is due to the effects of the labour strike.

Over 53 million shares valued at approximately N 500 million were traded on the second day of the strike.