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Nigerian Stock Exchange Watch: ASI (+0.04%) Up Marginally, YTD (+12.40%)

By Afolabi Ogunde on July 30, 2012

The year-to-date return of the Nigerian Stock Exchange improved to 12.40%, even as the All share Index gained a marginal 4 basis points at the close of today’s trading.

The Consumer Goods, and Oil & Gas sub-indices appreciated 0.12% and 0.15% respectively. On the flip side, Banking and Insurance fell 0.09% and 0.98% respectively.

Some individual companies in the banking sub-sector gained notably GTBank (+0.47%), FCMB (+2.81%), Diamond (+3.66%), and Union Bank (+5%) which led the exchange after posting Q1,2012 earnings that showed growth last week.

Zenith (-0.07%), UBA (-0.23%), Access (-1.32%) and First Bank (-0.44%) shed points, as selling pressure was turned up.

Across the Consumer Goods sector, Guinness (+0.42%) and Nigerian Breweries (0.20%) took the lead. Dangote Flour (+0.15%) and UTC (+3.51%) were also at the forefront.

Flour Mills (-0.57%), Dangote Sugar (-0.66%) and Nascon (-2%) led the decliners across the sector.

The market capitalization of the bourse increased to N7.41 trillion, and the All Share Index closed at 23,302.22.

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