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Nigeria Stock Exchange: ASI (+1.06%) Records Biggest Gain in a Week

By Afolabi Ogunde on June 27, 2012

The Nigerian Stock Exchange closed well in the green as the All Share Index recorded the biggest gain since June 20th, appreciating by 1.06%.

The performance was driven by the price gains recorded in blue chips like Dangote Cement (+1.85%), Guinness (+3.64%), and Nigerian Breweries (+1.12%).

The banking sub-index shed 0.25% even as the winners and losers were evenly split. Virtually al the top tier banks were in the red with the exception of Zenith (+0.36%) which recorded a marginal gain. Sterling (+4.63%) and Union (+4.92%) recorded an impressive performance.

The Food and Beverages sector saw Nestle (+5%) close limit up. Cadbury (+2.12%) also closed in the green. On the flip side Dangote Flour (-1.74%) shed points.

The Insurance sub-index shed 0.28%. Wapic (+5%) bucked the trend as it closed limit up. GTAssure (+3.01%) also recorded a positive price appreciation. Closing in the red were Continental Re (-4%), Goldlink (-3.57%) and Custodian (-1.91%).

Over 188 million shares valued at N 1.3 billion traded today.

Gainers Chart