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Nigerian Stock Exchange Watch: Market Continues Positive Trajectory, Capitalization at N 6.6 Trillion

By on April 4, 2012

The All Share Index gained 0.41% today closing at 20,934.47, inching towards the psychological 21,000 mark.

The performance of the bourse was driven largely by the continued rally in the banking sector as well as a marginal uptick in the price of Dangote Cement. The infrastructure focused company released its audited financial statements today, booking a N 125 billion profit and a dividend of N 1.25. The company also proposed a 1 for 10 bonus issue to its shareholders.

Across the banking sub-sector, 8 vs 3 participants traded in positive territory. Leading the bulls was Access Bank (+4.93%). All the top-tier banks were up, UBA (+2.69%), Zenith (+1.54%), First Bank (+1.52%), and GTBank (+1.18%).

The mid-tier banks had a largely positive outing, Skye (+1.03%), Diamond (+2.42%), and Fidelity (0.71%).

Trading in the red were Union (-4.88%), FCMB (-0.23%) and Sterling (-2.52%).

The consumer goods sector was largely bearish as Guinness (-4.10%), Cadbury (-5%), Hooneywell (-5%), and Nascon (-1.72%) all traded in the red.

On the flip side, gaining were UAC (+2.88%), Dangote Sugar (+0.54%) and Nigerian Breweries (+0.82%).

The Agricultural sector was predominantly bullish as Okomu (+4.99%) consolidated on previous days gains. Also up was Presco (+4.83%).

The Insurance sub-sector was bullish as GT Assure (+4.51%), Intercon. Wapic (+4%) and Goldlink (+1.64%) all booked gains.

The market capitalization of the bourse stands at N6.6 trillion and the YTD performance is 0.98%.

Stocks leading the market in price appreciation today were:

Stocks trading the market were:

Leading the activity charts included: