Nigerian Stock Exchange Watch: Market Crosses 21,000 Threshold to Investors Delight

The Nigerian Bourse crossed the 21,000 Threshold today on the back of gains in the Infrastructure, Consumer Goods and Oil and Gas sectors.

The All Share Index appreciated by 0.68% to close at 21,068.34.

Dangote Cement, the most capitalized equity on the bourse recorded a price appreciation of 1.9%. Ashaka (+2.52%) and CCNN (1.56%) also recorded gains in the building materials sub-sector.

The consumer goods sector saw Nigerian Breweries record a marginal uptick of 0.63%. However the heavy hitters were from the Food and Beverages sub-sector as Cadbury (+4.99%), Dangote Flour (+4.98%), and Dangote Sugar (+4.45%) saw their share prices record close to the maximum points allowed on the back of investor demand.

Honeywell, Nascon and Flour Mills saw marginal upticks.

The banking sub-sector was pre-dominantly bearish as only a few stocks namely Sterling (+4.12%), Diamond (+2%), GTBANK (+0.41%), and First Bank (+0.09%) recorded price appreciation.

UBA (-4.71%) was visited by profit takers for the second consecutive days and saw the trimming of its previous gains. Access (-2.74%), Stanbic (-1.87%) and Skye (-0.71%) also saw their sire prices dip in today’s session.

Over 199 million shares valued in excess of N 1.8 billion exchanged hands today.

The 5 top performers in today’s session were:

Trailing the session were:

The stocks with the highest activity levels included: