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Nigeria Stock Exchange Watch: Market Fails to Find Swagger in 2012

By on January 25, 2012

The Nigerian Stock Exchange is proving old habits die hard. The market closed the session yesterday down by 0.41%.

The All Share Index settled at 20,598.67, bringing the weekly performance to -2.25% and the year-to-date performance to -0.64%.

Activity levels picked up by 15% (Volume) and 79% (Value) as 215 million shares worth N 2.08 billion exchanged hands today.

The banking sector was predominantly bearish as only 3 participants, Sterling (+4.44%), Access (+2.13%) and First Bank (+1.69).

Across the Infrastructure sub-sector, Dangote Cement was up marginally picking up 0.08%, even as Ashaka and CCNN retreated.

Honeywell and Flour Mills recorded the only gains in the Food & Beverages sub-sector.

Here is a snapshot of today’s top gainers:

Here is a snapshot of the trailers category:

Activity in the market was predominantly banking sector driven, although a break in the trend came in the form of  large volumes from Continental Reinsurance and International Breweries.