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Nigerian Stock Exchange Watch: Investors Wage N 4.4 Billion on Equities, UBA continues to Surge

By on March 5, 2012

The stock market began the week on a positive note as the All Share Index inched up by 0.13% today to close at 20,619.05.

The banking sub-sector was predominantly bullish as UBA continued to improve on its astounding performance over the past few weeks. The company was up 4.70% at the close of today’s session and is poised to achieve a 100% return over the past month, should it continue in this style.

Fidelity (+4.35%) also led the bulls, with Stanbic (+2.64%), Sterling (+2%) and First Bank (+1.76%) also performing well.

Zenith Bank (-1.64%) shed some points in today’s trading. Other marginal losers today included Diamond (-0.78%), FCMB (-0.46%) and Access (-0.39%).

The consumer goods sector saw breweries companies Guinness (+0.48%) and Nigerian Breweries (+.061%).

Flour Mills led the sector with a 4.99% gain, also on the up and up was Honeywell (+3.54%), and Dangote Sugar (+1.35%).

Infrastructure Stock Dangote Cement (-1.59%) shed points due to a cross deal. Ashaka (+4.97%) and CNN (+4.95%) were up in today’s session based on robust investor demand.

The Insurance sub-sector was down by 0.51% due to losses in Intercontinental Wapic (-3.85%) and Custodian (-3.8%).

Over 448 million shares valued at N 4.4 billion exchanged hands on the bourse today.

Leading the gainers tables today were:

Trailing the market in today’s session were:

The activity charts were led by: