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Nigerian Stock Exchange Watch: ASI (-0.46%) Succumbs To Profit Takers, UBA (+9.92%) Resilient

By on January 9, 2013

The All Share Index succumbed to profit takers in today’s market, losing 46 basis points.

The banking sector was depressed, it recorded 10 losers versus 3 winners. UBA (+9.92%), and Diamond (+1.97%) were the only notable bank stocks in the green. Union bank also put on 13 basis points.

Guinness(+0.17%)  added 17, but Nigerian Breweries (-3.22%) weighed the breweries sector down.

Stocks of the petrol marketers were primarily bullish as only Total (-0.07%) shed points.

Forte (+4.94%), Eterna (+4.8%), and Oando (+0.15%) advanced.

Today’s overall performance drags the market’s year-to-date (ytd) performance to +3.13%.

456 million shares valued at N4.06 billion were traded today.