Nigerian Stock Exchange Watch: Market Falls, YTD Losses over 2%

The Nigerian bourse shed marginally today as the All Share Index fell by 0.08% to close at 20,314.08.

The banking sector was well firmed today as most counters spiraled northwards, however other blue chip stocks such as Nestle, Nigerian Breweries, Total and Flour Mills went to the dumps dragging the NSE along with it.

The banking sub-sector was up by 1.17% as UBA continued its recovery bagging 4.65%. Access (+4.89%), Skye (4.78%),  and Sterling (4.76%) were some of the industry’s biggest performers today.

The top-tiers Zenith (+0.25%), GTBank (0.93%) and First Bank (0.95%) all appreciated marginally.

Sentiments were pre-dominantly bearish across the consumer goods sector even as Nigerian Breweries (-0.81%), Guinness (-0.05%), Dangote Sugar (-4.88%), Flour Mills (-2.73%), and Nestle (-1.26%) crashed hard.

The Insurance sub-sector bubbled to life as Continental Re (+4.55%), Intercontinental Wapic (+4%), And GTAssur (+1.89%). The Insurance sub-index gained 0.25% only due to losses in Goldlink, Custodian and Prestige offsetting the gains.

Today’s top 5 market leaders were:

Leading the stocks trailing the market were:

Activity leaders were: