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Nigerian Stock Exchange Watch: ASI Reverses Losses, Switches to Drive Mode

By on January 26, 2012

The Nigerian Stock Exchange has switched to drive mode, reversing on losses as it closed in the green after today’s session.

The All Share Index gained 13 points today to close at 20,625.56, bringing the weekly performance to -0.55% and the year-to-date performance to +0.32%.

The volume of shares traded today decreased by 53% from yesterday, however the volume of shares traded increased by 7%.

The banking sub sector was all the way bullish as most participants, including Diamond (+5%), Sterling (+4.4%), and First Bank (+4.91%) recorded gains. Stanbic (-5%), Skye (-1.96% ) and Unity (-1.96%) recorded losses after today’s session.

Within the Infrastructure sector, Dangote Cement inched up 1.71% to close at N 120. Ashaka Cement was up 3.90%.

Conglomerates Unilever (+5%), Transcorp (+3.64%) and UACN (0.35%) all went up today.

Dangote Sugar (+4.88%) recorded the only gain in the Food and Beverages sub-sector, even as Cadbury (-4.19%) recorded the only loss.

Here is a snapshot of today’s top gainers:

Here is a snapshot of the trailers category:

Activity in the market was dominated by the banking sub-sector as the industry saw over 132 million shares traded in today’s session.