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