Don't Miss

Nigerian Stock Exchange Watch: Market Performs Well Despite Negative Close

By Afolabi Ogunde on July 24, 2012

The Nigerian Stock Exchange recorded a good performance today despite closing in the negative. A block trade in Dangote Cement (-3.93%) caused the All Share Index to fall 0.91%.

On a sector-by-sector basis, all the major sub-indices closed in the green, Banking (+0.5%), Insurance (+0.35%), Oil & Gas (+0.1%), and Consumer Goods (+0.06%).

Driving the performance in the banking sub-sector were the following participants: Access (+4.20%), First Bank (+0.51%), GTBank (+0.29%), and Fidelity (+3.10%) and FCMB (+0.32%).

The Consumer Goods sector was led by the performance of Stocks like Flour Mills (+4.76%), Cadbury (+1.35%), UAC (+1.74%), and Nigerian Breweries (+0.24%).

Continental RE (+3.13%) and GTAssure (+3.23%) drove the performance of the Insurance sub-sector.

Conoil (+3.13%) continued to consolidate on its price appreciation, whilst Oando (-1.18%) and Eterna (-4.68%) closed in negative territory.

250 million shares valued at N 2.36 billion exchanged hands today.

Gainers Chart